Doing business in Australia answers some of the most common questions an overseas investor may ask when establishing a business presence in Australia. It aims to provide an introduction to the laws of Australia for overseas legal practitioners.
Based on recent polling and the impending Federal election, there is a high probability that the tax measures in the Government’s Federal Budget due to be handed down on 2 April 2019 will be “zombie” measures in the sense that whatever measures the Government announces are at risk of not being enacted as a consequence of a change in government.
The final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is compulsory reading for senior management in the banking, superannuation, insurance and related industries. But is there a tax angle?
The new Australian hybrid mismatch rules generally commence on 1 January 2019 with no grandfathering of existing arrangements. These rules are far reaching and can result in the denial of tax deductions or the inclusion of amounts in assessable income. Taxpayers should be carefully reviewing all of their arrangements to consider the application of these rules and restructuring accordingly.