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Regulatory Roundup

 

Federal Court rules that ride-sourcing is taxi travel
The Federal Court has handed down a decision in a case that deems ride-sourcing is taxi travel within the meaning of the GST law. If the applicant in this particular case appeals this decision, the ATO has announced that it will continue to administer the law according to […]

Is Franchising Still Worth It?

7-Eleven and the franchising sector have been in the headlines lately, but for all the wrong reasons.

Allegations of wage theft have surfaced, and further claims that a “half-pay scam” had the complicit involvement of senior management. The claims include fiddling with time sheets, “ghost” workers, nil penalty payments and alleged rates of as little as […]

ACCC issues scam warning

The Australian Competition and Consumer Commission (ACCC) has issued a warning to accountants to be on the lookout for scams targeting their small business clients.

ACCC deputy chair Michael Schaper, who spoke last week at the IPA’s Tasmanian congress, said the commission receives thousands of complaints every year about scams targeting small businesses and said accountants […]

Simple Mistake on Share Transfer

A taxpayer who thought he was making a simple and standard family transaction was caught for Capital Gains Tax.
A taxpayer, who owned some public company shares, asked the share registry to register the shares in joint names (with the spouse). The change became obvious to the tax office when the dividends decreased the following year […]