Newsletter

Another year, another scam. While data driven crime is more sophisticated and difficult to address than ever, human error and judgement remains one of the major problems.

SMSF MEMBERSHIP LIMIT CHANGES

Rushed into Parliament before the break was a bill enacting the Government’s 2018-2019 Budget measure increasing the maximum number of allowable members in a Self-Managed Superannuation Fund (SMSF) from four to six. The measure is before the Parliament but unlikely to be addressed before the election.

15 JANUARY 2019

• Income tax return for taxable large/medium business taxpayers (all entities other than individuals) due date for lodging, unless required earlier.

• Payment for companies and super funds was due 1 December 2018.

The Australian Taxation Office (ATO) is utilising data provided by the Australian Securities and Investments Commission (ASIC) to data match share trades.