News in brief… 6 February 2025

ATO advice and guidance; Consultation open on draft regulations to support BNPL amendments; Federal Government responds to Meetings and Documents Amendments review; RBA releases research paper on effectiveness of business investment tax breaks; Discretionary goods and services spending drives December household spending rise: ABS

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on Wednesday 5 February, which includes two class rulings. Class rulings CR 2025/6 Fleetsu Pty Ltd – Fleetsu Vehicle Logbook System for car logbook and odometer records CR 2025/7 QANTM Intellectual Property Limited – scheme of arrangement and special dividend More ATO advice and guidance can be found on KPMG Tax Now under ATO rulings, guidance & updates. Con...

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Published Date: 06 February 2025