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Mortgage Industry blaming credit controls & increased stamp duty for the slowdown in Chinese driven residential property demand
Editors Comments: Give credit where credit is due. #ASIC is doing an excellent job protecting the integrity of Financial Services Sector
#ASIC Corp Act - National Warranty Company to refund $4.9m to car warranty customers for breaching prohibition on conflicted remuneration
Pt 1: #SMSF 2016 #ITR stats – No of SMSFs increased 26% to 597,000 in the 5 years to 2016-17, with total assets worth $697 billion
Pt 2: #SMSF average positive return on assets at 2.9%, is the same return on investment achieved by #APRA funds
Pt 3: Limited recourse borrowing arrangements (LRBAs) as a proportion of total SMSF assets was 3.99% in 2015-16 ($25.355bn)
#ASIC announced it is pursuing #ANZ for car finance business loans funded by #Esanda, including around $5 million in remediation
Pt 1: ATO released draft of its GST Digital Currency Conversion Determination 2018 (DCC 2018/D1). Once finalised it… https://t.co/BLrlQmOiz0
Pt 2: Draft determination sets out method to convert consideration (in digital currency) into $AUD for determining taxable supply
Pt 3: You convert digital currency using the formula: Amount of digital currency x your particular exchange rate on the conversion day
#ASIC bans Kimberley Holgate, of Wagga Wagga, NSW, from providing financial services for five years
#ATO - 30 June 2018 is the new extended due date for lodgement of 2016-17 #SMSF annual returns
Pt 1: #ASIC accepts voluntary licence variation from HLB Mann Judd Corporate Finance to cease providing 'independent expert' advice
Pt 2: This applies to opinions/valuations of corporate transactions, takeover bids, corporate schemes of arrangement & corporate restructure
#ATO online services will be unavailable from Saturday 20 January 11.30pm to Sunday 21 January 7.00am EDT
#ATO - #GST news: #Tax Office treats the supply of a’ smoothie pack’ as a taxable supply for #GST purposes
Airbnb and other ‘sharing economy’ activities need to comply with the #Tax Act. For further info contact hayden@viccaca.com
Deferred #GST scheme offers importers opportunity to defer the payment of #GST on taxable imports into Australia. Email noe@viccaca.com
If your Turnover is less than $10m you are eligible for the $20,000 tax write off. For further info contact lauren@viccaca.com
With #FBT return period ending 31 Mar 2018, #ATO issues a Practical Compliance Guideline PCG 2017/D14 for comment by 28 Feb 18

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