Practical Business Partner (update 75) published last month, see below for highlights of this update:
- Find out about the new AASB consultation paper which proposes a reduced disclosure regime for certain entities (Para 8~1340).
- Read about the case Virgin v FCT involving a controversial fringe benefits tax ruling (Para 5~3340).
- Learn how the definition of `managed investment trust’ has been amended under Tax Laws Amendment (2010 Measures No. 3) Act 2010 (Para 4~17240).
- Discover how to minimise the effect of Division 7a (Recent Developments, October 2010).
- Consider how foreign employment income tax legislation changes may affect your business (Recent Developments, October 2010).