This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Tax highlights

28 October 2013


In this week's Tax highlights we feature:

  • Draft legislation to repeal the Minerals Resource Rent Tax (MRRT) released: The Government has released exposure draft (ED) legislation and explanatory material to repeal the MRRT, effective from 1 July 2014.  The ED also indicates that the Government proposes to discontinue or re-phase the measures that were intended to be funded by the MRRT, including the loss carry-back rules, certain small business capital allowance concessions and the increase in the superannuation guarantee charge percentage

  • In receipt of “money” due to a non-resident: The Full Federal Court has unanimously allowed the Commissioner’s appeal against the decision of the Federal Court in Resource Capital Fund IV L.P. v Commissioner of Taxation and held that the term “money” in the provision of the tax law which may apply where a person has control of money belonging to a non-resident taxpayer is not confined to Australian currency and does include foreign currency.

Plus we provide our synopsis of the latest legislative developments, cases, announcements, and ATO information and releases.



Follow us


Talk to us