News and Blog

News and blog

Sexually Transmitted Tax – Commissioner of Taxation v Tomaras

March 28, 2019
In a significant development for both family and taxation law, the High Court has recently found that Family Courts have the power to make orders that shift a tax liability from one party to the other, in divorce proceedings. Background Facts A husband and wife married ...

Changes to the non-arm’s length income provisions

March 28, 2019
Background Law Companion Ruling LCR 2018/D10 (‘LCR 2018/D10’) relates to proposed amendments to section 295-550 of the Income Tax Assessment Act 1997 (Cth) (‘ITAA’) and the non-arm’s length income (‘NALI’) provisions. The Ruling is currently a draft Ruling...

Transferring Water Rights

March 28, 2019
What’s the importance of getting the transfer done right? Water licenses, just like other forms of property, can be transferred from one individual or entity to another. Although s 36 of the Duties Act (1997) (NSW) (‘Duties Act’) provides for the abolition of stam...

First Home Super Saver Scheme

December 4, 2018
Introduced to assist first home buyers, the First home super saver (FHSS) scheme allows individuals to save for their first home inside of their superannuation fund. Are there any limits on how much can be contributed? Yes, you can contribute up to $15 000 any one finan...

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