News in brief… 5 July

Legislation update; New commissioner appointed to ACCC; ATO update: Consultation arrangements report; and ATO update: 10 things to know for tax 2018-19.

Legislation updateThe Federal Government’s Personal Income Tax Plan passed the Senate on Thursday 4 July, while a number of other Treasury bills were also introduced into the Parliament.The Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Bill 2019, which has passed the Senate and now awaits Royal Assent, will:increase the base and maximum amounts of the low and middle income tax offset to $255 and $1080, respectively, for the 2018-19, 2019-20, 2020-21 and ...

Sign in below or register now to read the full article

Authors:

Published Date: 05 July 2019