The Federal Government’s long-awaited reform of Australian privacy law came into effect recently, aimed at strengthening the protection of personal data. The new regime imposes stricter requirements on how businesses handle personal information – including implications on the choice of software systems and how they are used. This legislation, known as the Privacy and Other […]
Update July 14, 2025 The US “One Big Beautiful Bill”, which proposed sweeping international tax reforms including retaliatory tax increases on foreign income, has now passed through Congress. Initially flagged as a concern for Australian taxpayers with US-sourced income, the final version has removed Section 899 following negotiations with the G7, meaning most of the […]
Key points Explains the tax design under previous legislation and how the new tax may operate Discusses the current status and timing of legislation for the new tax Outlines the controversial design features of the new tax What was the proposed $3m super balance tax? The proposal was for a 15% tax on earnings for superannuation account […]
The Federal Court in Morton v FCT [2025] FCA 366 allowed a taxpayer’s appeal against assessments that sought to tax on revenue account the gains made from the subdivision and sale of a family farm. Shortly after the farmland was zoned residential, the taxpayer engaged an external developer to undertake a project which resulted in […]
In this episode of Pitcher Perspective, Jordan Kennedy and Andrew Wilson explore private credit, covering what it is, how it compares to other investment styles, key risks, and recent superannuation changes. They also share insights on smart investing strategies, including what to do if you come into a sudden windfall. Visit our Pitcher Perspective podcast […]
As we approach the end of the financial year, and it’s time to get your year-end tax planning sorted. We’re here to help you get everything in order. Watch our Pitcher Partners’ year-end tax planning webinar, where Tax Advisory Partner Daniel Burt, will guide you through all the essential aspects of income tax planning. During […]
With 15 May now behind us, attention turns to 30 June. With the ATO increasing its compliance focus at all levels (firms, funds, investors) and trusts in particular continuing to be under the microscope, responsible entities, trustees and fund managers must prioritise tax compliance and investor reporting. Failing to address key issues could lead to […]
When the number of schooners, bottles and food sold at your pub doesn’t match the volume used, publicans are left scratching their head and wondering where the issue lies. Theft or human error can be factors in inventory discrepancies, but more often the root cause is the point-of-sale and inventory systems not talking to each […]
As the end of the financial year approaches, it is time to start thinking about whether your year-end tax planning is in order. Tax planning requires not only a consideration of income and deductions for the year but also looking forward to opportunities ahead of 1 July. In this article we identify the key tax […]
Key points While still subject to legislative passage it is looking increasingly likely that the Government still intends to introduce the new tax. It will mean that income, such as interest, derived on super balances above $3m will be taxed at broadly 30% (15% fund tax rate and 15% new tax rate) Individuals with large […]
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