Federal Government endorses IMR regime *

Australia - December 23 2011
On 16 December 2011 the Federal Government announced the final element of the new Investment Manager Regime (IMR), as proposed by the Board of Taxation.

Co-authors: Mark Payne, Andrew Carter, Andrew O'Bryan, Michael Parker.

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Excess contributions and TA 2010/2 withdrawn *

Australia - December 5 2011
Excess contributions are an ongoing issue for superannuation advisors and members.

Co-authors: Mark Payne, Rebecca James, Andrew O'Bryan, Michael Parker.

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Director penalty regime extended to superannuation *

Australia - October 25 2011
Directors will be made personally liable for any unpaid superannuation guarantee contributions under an extension to the director penalty regime introduced by the Tax Laws Amendment (2011 Measures No. 7) Bill 2011 (Bill).

Co-authors: Mark Payne, Rebecca James, Andrew O'Bryan, Michael Parker.

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Investment Manager Regime - exposure draft legislation *

Australia - September 14 2011
On 16 August 2011 the Government released exposure draft legislation and an explanatory memorandum to introduce a limited Investment Manager Regime (IMR) exemption for foreign funds investing in Australia.

Co-authors: Mark Payne, Andrew Carter, Andrew O'Bryan, Frank Hinoporos, Michael Parker.

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Streaming capital gains and franked dividends: don't miss the deadline - 31 August *

Australia - August 22 2011
New rules regarding the streaming of capital gains and dividends received royal assent on 29 June 2011. 

Co-authors: Emma Woolley, Mark Payne, Andrew O'Bryan, Frank Hinoporos, Michael Parker.

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