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Laszlo Konya2018-06-19T01:41:40+10:00

Land banking and primary production exemption from land tax – are they mutually exclusive?

At first thought, ‘land banking’ and primary production exemption from land tax would appear to be mutually exclusive. A landowner’s intention when land banking is to profit from future sale of its land, which is significantly different to the intention of a landowner that uses [...]

May 30th, 2017|Categories: Commercial, Property, Taxation|Tags: |

The New PPS Regime

The new PPS regime The Personal Property Securities Act 2009 has introduced some fundamental changes to the laws of securities and property (other than real estate). Pursuant to the Act, the Personal Property Securities Register (‘PPSR’) commenced operation at the end of January 2012. The [...]

January 25th, 2013|Categories: Commercial|Tags: , |

Exercise of Commissioner’s discretion to disregard non-compliance with Div 7A

FIRST CASE ON THE EXERCISE OF COMMISSIONER’S DISCRETION TO DISREGARD NON- COMPLIANCE WITH DIV 7A Section 109RB of Div 7A gives the Commissioner a discretion to disregard non-compliance with Div 7A, where otherwise there would have been deemed dividend, where caused by an “honest mistake [...]

January 25th, 2013|Categories: Taxation|Tags: , , |