Two important pieces of legislation passed Parliament’s lower house in the early hours of this morning (23 November). The Minerals Resource Rent Tax (MRRT) 2011 was passed by a narrow ma ..
Latest News
We all get bombarded with information from every source possible and frankly, it's too much. Even if you haven't already flicked it into spam you probably don't have time to read it. We call it Information Overload. So, on this page we've selected big picture news items we think are relevant and of interest to our clients.
Thursday, November 17, 2011
Taxation of Discretionary & Family Trust Income
Recently ATO legislation has been passed by Parliament to enable trusts to stream franked dividends and capital gains for tax purposes. It applies to the current 2010-11 and later income years. T ..
Thursday, November 17, 2011
Future of Financial Advice reforms
WLM is a strong supporter of the Government’s proposed Future of Financial Advice (FoFA) reforms. The goal of the reforms is to provide a more robust and transparent financial advice industr ..
Thursday, September 22, 2011
Ban on Off-Market transfers for SMSF's
Self-managed superannuation fund members will not be able to transfer shares off market without the use of a broker under new regulations designed to limit the ability to minimise capital gains ta ..
Wednesday, September 14, 2011
ATO reconsiders key limited recourse borrowing concepts
The ATO has today issued draft SMSF ruling 2011/D1 which explains key concepts relevant to the application of the limited recourse borrowing arrangement (LRBA) provisions. The draft ruling pr ..
Monday, September 12, 2011
Changes to the government guarantee on bank deposits
Over the weekend, the deputy Prime Minister, Mr Wayne Swan, announced changes to the Financial Claims Scheme that guarantees deposits with Australian deposit taking institutions. The changes ..
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Recent News
- Year-End Tax Tips for 2011-12
- 2012-2013 Federal Budget summary
- RBA Lowers interest rates by 0.50%
- RBA lowers cash rate by 0.25%
- Parliament passes mining tax and 12% SGC
- Economic Analysis - van Eyk Research
- Introducing WLM 'On Track'
- Taxation of Discretionary & Family Trust Income
- Future of Financial Advice reforms
- RBA lowers interest rates to 4.50%
