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The Clean Energy Regulator was established on 2 April 2012 and is the government agency responsible for administering legislation that will reduce carbon emissions and increase the use of clean energy. The Regulator administers the carbon pricing mechanism, the National Greenhouse and Energy Reporting Scheme, the Carbon Farming Initiative and the Renewable Energy Target. Through the effective administration of these schemes, the Regulator aims to deliver regulatory services of the highest standard to support a clean energy future for Australia.
In this presentation, Ms Munro, Chair and CEO of the Regulator, discusses the Regulator’s:
The Carbon Farming Initiative, which forms part of the government’s Clean Energy Future package, provides income-producing opportunities for the land sector. Projects in the forestry, agricultural and landfill sectors have the ability to generate carbon credits, which can then be sold to entities which have a carbon price liability.
This paper provides an overview of those opportunities and will explain:
the types of activities that can participate
the types of credits that can be generated
the types of markets into which the credits can be sold.
The paper also covers the taxation implications arising out of project activity.
The ATO has developed benchmarks for over 100 industries. Benchmarks compare businesses to determine whether audit activity is warranted. This paper is designed for proprietors of SME businesses and advisers.
The paper covers the following issues:
use of industry benchmarks by the ATO
how to prepare for and manage cash economy audits
record-keeping for protection in the audit process.
Miscommunication or lack of communication is usually the main reason for a breakdown in relationships,both personal and professional.This presentation concentrates on communication in a professional relationship – the one between a company and a client. People business with people they like, plain and simple.
Topics covered include:
anonymous communication, eg phone and email
plain speaking – conveying your message so that it is being understood
Businesses: sham contracting, buying and selling. The impact of the FWA 2009
The Fair Work Act 2009 has resulted in a major change to industrial relations in Australia and the full impact on businesses, both large and small, is still uncertain. The Fair Work Ombudsman is very active in auditing and monitoring employers and Fair Work Australia has issued some creative interpretations of the Act.
In this paper, the author looks at the impact of the legalisation when buying or selling a business, the crackdown on sham contracting, and other matters of concern that may affect how you advise your clients.
Every individual or business has a brand regardless of whether they know it or not. Your reputation often precedes you and therefore it impacts on your opportunities. The great brands of the world continue to grow even while others struggle to maintain market share. Think Apple, Virgin or IKEA; the techniques they use are simple.
This paper shows you how to:
refine your brand – supercharge it with value, clarity and direction
engage your team – getting others to support your journey
delight the customer – kick-start great word of mouth.
Reducing penalties and resonably arguable position presentation
A thorough understanding of how the system of penalties is administered by the ATO is one of the best ways of minimising the severity of the impact. What is a “reasonably arguable position”, and how can it help your client? In this paper the penalties framework is discussed in detail, and covers:
how the ATO assesses your client’s behaviour: negligence, recklessness and intentionally disregarding a tax law
how and when to make a voluntary disclosure
what is a reasonably arguable position, and how to go about preparing a RAP
SIC and GIC – how to have them remitted
the best strategies to negotiate a reduction in penalties.
The state government budget featured increases to duty and other state-based taxes, and there have been recent important changes to the application of duty. This paper outlines the new rates (coming into effect in October 2012) and provides a comprehensive overview of the current legislative framework for the application of duty, with a practical look at:
Succession in a family farming business is a complex juggling of the needs and wants of the “retiring” generation, the new farmer(s) and their partners and often siblings of the new farmers who will not be farming in the future.
This paper includes a case study and the author’s experience of:
a framework for a successful succession process
the importance of defining succession versus estate planning
why people matter most and the importance of developing family culture and philosophy early
importance of timeframe
balancing flexibility and fairness
importance of agreements and education on the future implications of any agreed outcomes.
Significant legislative changes to Australia’s anti-avoidance provisions, in response to court decisions perceived by the regulator to have shown up shortcomings in the existing Part IVA, have led to significant uncertainty when it comes to structuring commercial transactions in a tax-effective manner, both large and small.
This paper focuses on the relevance of anti-avoidance rules to the affairs of SMEs and to ‘ordinary’ family dealings, including:
a brief look at the history of our anti-avoidance provisions, including recent decisions
a stocktake on the current state of play
the Commissioner’s stated approach to applying Part IVA to transactions typically undertaken by SMEs
a discussion on the practical implications for advisers.
We've made some changes to our website. You will need to reset your password to access your account, access online books, purchase items from our online shop, or download papers from the Tax Knowledge eXchange.