Saturday, 25 November 2017 Sydney

Invest In Australia Blog::

  • No GST getaway for drivers

    The Australian Taxation Office (ATO) is reminding ride-sourcing drivers of the importance of meeting their tax obligations this tax time.

    Assistant Commissioner Tom Wheeler said the ATO is still working to educate ride-sourcing drivers, but now focus is shifting to drivers who are ignoring their obligations.

    “We know that most drivers do the right thing, and we are now focusing attention on the minority of drivers that are not currently meeting their obligations,” he said.

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  • ATO clarifies impact of the MAAL

    Commentary today has misrepresented the ATO’s evidence given at Senate Estimates in relation to the Multinational Anti-Avoidance Legislation (MAAL). We wish to confirm the ATO is active in ensuring compliance by multinationals and the corporate tax sector, and the MAAL is effective in bringing multinational taxpayers to the table.

    The facts are:

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  • ACCC releases 2016-17 Annual Report

    The ACCC’s Annual Report for 2016–17 has been tabled in Parliament, highlighting a broad range of successes that have promoted competition and fair trade to benefit consumers, businesses and the community.

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  • Issues paper for northern Australia insurance inquiry

    The ACCC has today released an issues paper for its inquiry into the supply of residential building, contents, and strata insurance in northern Australia. The Australian Government directed the ACCC to undertake a wide-ranging inquiry due to concerns about affordability and availability of insurance in the region.

    The ACCC will be hosting a series of public forums so consumers can share their concerns directly with the ACCC. The forums will be held in November and December this year in Townsville, Cairns, Darwin, Alice Springs, Karratha, Broome, Rockhampton, and Mackay.

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  • Two out of five Australian taxpayers still yet to lodge

    The Australian Taxation Office (ATO) is reminding taxpayers that with the 31 October deadline fast approaching, now is a good time to lodge your return or make sure you are on your registered agent’s books.

    Assistant Commissioner Kath Anderson said 63 per cent of Australian taxpayers have beaten the deadline already and lodged their returns either through myTax or with an agent.

    “Over eight million Australian residents have already lodged their returns this tax time, but we know some people are leaving their run pretty late,” Ms Anderson said.

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  • Offers Go Out For Final Round Of River Murray Irrigation Grant Program

    Seventy-seven River Murray-based irrigation projects have been offered a share of $38 million in funding under the fourth and final round of the highly successful Irrigation Industry Improvement Program (3IP).

    If all projects accept their offers, it will mean a total of 259 projects will have received funding under the $240 million program since it first opened in 2014.

    Round Four proposals include new solar energy and netting projects, as well as new winegrape plantings and uptake of new food manufacturing technology.

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  • Advanced Hair offers part refunds for unfair contracts

    Advanced Hair Studio Pty Ltd (Advanced Hair) will partly refund some customers who purchased the Advanced Laser Therapy Program between April 2015 and June 2017, following ACCC concerns that Advanced Hair’s contract contained terms that were unfair.

    Advanced Hair supplies hair loss treatments and procedures including laser therapy as part of 3-12 month programs.

    One of the cancellation clauses in Advanced Hair’s contracts required customers to pay the entire cost of the program even if they had attended only one or two laser sessions.

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  • Statement re penalty rates

    The Australian Small Business and Family Enterprise Ombudsman has welcomed the Federal Court’s judgment to uphold the Fair Work Commission decision on penalty rates.

    The Federal Court has found the Fair Work Commission met its legal obligations through the exhaustive two-year process it undertook to reach a decision.

    Comments attributable to Ombudsman Kate Carnell:

    “Small business operators will be relieved at this decision, which levels the playing field in competition against big business.

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  • Next step in Freycinet upgrade

    Freycinet is one of Tasmania’s premier tourism hotspots, with locals and visitors flocking to the area in droves to experience the region’s stunning natural areas.

    With visitation up seven per cent to a record 292,000 for 2016-17, Freycinet is still the State's most visited national park and remains vitally important to the East Coast as tourists visit and spend in our local tourism businesses, shops and eateries.

    We want to ensure the area continues to build and attract even more visitors, and I am pleased to announce Emma Riley and Associates have been selected to develop a long-term master plan for the area.

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  • Watch out for scammers when going online

    This Stay Smart Online Week, the ACCC is warning the community to watch out for common online scams they might encounter.

    The online sphere – email, the internet, social media and mobile apps – has overtaken telephones as scammers’ preferred tool of the trade to contact potential victims. In 2017, the ACCC’s Scamwatch site has received more than 51,000 reports of scammers trying to con people online. Online scam losses total nearly $37 million so far in 2017, with people aged 45 to 54 most likely to lose money.

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