CGT and FBT Exemption Draft Legislation Released

The Australian Government has published two pieces of draft legislation which were originally announced in the most recent federal budget from October 2020. The first piece of legislation which has been released include measures to exempt employers from the 47 percent fringe benefits tax (FBT). The second piece of legislation released provides a capital gains […]

Getting A Licence to Legally Distil Alcohol In Australia

For Australians wanting to distil their own alcohol, it is important to know that you have to pay tax on the alcohol you produce. Similar to driving a car, an individual must obtain a licence if they wish to distil alcohol. A licence is issued by The Australian Tax Office and can be obtained for […]

De Luca Licence Suspension Warning to Construction Sector

Recently, De Luca Corporation had their licence suspended after failing to meet The Queensland Building and Construction Commission’s financial requirements. The building watchdog has since reinstated the licence, but the suspension has served as a reminder of the importance of adhering to the tight financial requirements enforced by the regulatory body.