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TIB - Volume 17 - 2005

Tax Information Bulletin Vol 17 No 04 - May 2005

Items of interest include:

This month's opportunity for you to comment

Legal decisions - case notes

  • Recission of Mareva Injunction 
    • Queen City Properties Group Limited and Others.

New legislation

  • Child Support Amendment Act 2005
  • Estate and Gift Duties Amendment Act 2005
  • Goods and Services Tax Amendment Act 2005
  • Income Tax Amendment Act 2005
  • Tax Administration Act 2005

Legislation and determinations

  • Determination DET-001 - Standard-cost household service for childcare providers consumers price index adjustments (March 2005)
  • New Income Tax Act 2004 now in effect
  • Determination DET-05/01 - Amortisation rates for listed horticultural plants

Standard practice statements

  • Retrospective adjustments to salaries paid to Shareholder-Employees - SPS 05/05
  • Non-standard balance dates for managed funds and "As Agent" returns - SPS 05/06
  • Erratum in respect of legislative references in SPS 05/04 - Disputes resolution process commenced by a taxpayer

Questions we've been asked

  • GST consequences of a cancelled contract

Regular features

  • Due dates reminder
  • Your chance to comment on draft taxation items before they are finalised
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Date published: 24 May 2005

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