The main bills have passed, although enshrining of the purpose of superannuation in law has been left for another day. This is the first major overhaul of the superannuation landscape since the changes introduced in 2007, which were, in the intervening year...

Lester Ong is pleased to be presenting the following migration law seminars/workshops. Go to the relevant links below for more information or to book your place. Migration Institute of Australia – WA Members’ Mentoring Meeting // 22 February 2016 The pop...

Late last year the Federal Government released an Exposure Draft of legislation which will, if and when enacted, introduce a new Subdivision 328-G, titled “Restructures of Small Businesses” into the Income Tax Assessment Act 1997. It provides for a roll-ov...

Imagine this scenario: you are an overseas national. You are offered employment by an Australian employer who is also prepared to sponsor and nominate you for a 457 visa. You are obviously happy with this opportunity to remain in Australia, work for an employe...

In late 2015, the ATO announced that it expected to see all related party loans to SMSF’s to be on arm’s length terms. Expected compliance is by 30 June 2016. This is a very significant reversal of previous ATO views, and the steps to take are far to...

Among the more concrete initiatives in the Prime Minister’s National Innovation and Science Agenda released on 7 December 2015 (“Agenda”) are changes to the tax law to: increase access to company carry-forward losses; make Venture Capital Limited...