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Legislating the ‘objective’ of super

Legislating the ‘objective’ of super

Sep 27, 2023 | Superannuation

The proposed objective of superannuation released in recently released draft legislation is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’ The significance of legislating the...
The shape of Australia’s future

The shape of Australia’s future

Sep 27, 2023 | Superannuation

What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and the...
The case of the taxpayer who was paid too late

The case of the taxpayer who was paid too late

Sep 27, 2023 | Taxation

What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the timing of employment income. In this case, the taxpayer was a non-resident working in Kuwait. As part of his work, he was entitled...
The Billion Dollar TikTok Scandal

The Billion Dollar TikTok Scandal

Sep 27, 2023 | Taxation

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? “Everyone else got refunds, it’s OK, it’s just a...