Australian Taxation Office

New or updated materials on ATO website, including:

  • Taxation statistics 2012-13: statistics compiled from tax returns for the 2012-13 income year and other information from the 2013-14 financial year
  • Review or objection - try the quicker solution: requesting a review of an amended assessment from a data matching audit can be quicker than lodging a formal objection
  • Practical tips: provides information and instructional advice about common errors and changes to processes for income tax returns, activity statements and businesses.

Northern Territory Budget:

The Northern Territory Budget for the 2015-16 financial year was handed down yesterday. Key measures announced include:

  • increase in the stamp duty senior, pensioner and carer concessions
  • changes to the home occupancy requirements for a range of concessions and grants
  • abolish stamp duty on life insurance from 1 July 2015, and
  • removal of the payroll tax exemption for apprentices and trainees from 1 July 2015.