In an effort to get paid faster, the Australian Taxation Office, from 1 July 2017, will start reporting overdue small business tax debts to Credit Rating Bureaus. Initially the measure will only apply to businesses with Australian Business Numbers and tax debts over $10,000 that are at least 90 days overdue. It will not [...]
The Stamp Duty abolished for first home buyers: For properties under $600,000 the stamp duty will be completely abolished; and Discounts will now be available for properties between $600,001 to $750,000. This is a four year plan and sees even more savings for new homes built by first home buyers. Click here to read more.
Kicking Goals - Hydrogen fuel cells' time is now, says Applied Nano Technologies' Noel Dunlop A Melbourne-based hydrogen fuel cell startup says it's time to move past the technology's troubled history and embrace a vastly improved new version that is on the cusp of commercial viability. Applied Nano Technologies is seeking $7.5 million in new capital to roll out [...]
Last year laws were passed legislation and came into effect from 1 July 2016 that relate to property sales with a market value of $2 million or more. If a contract of sale is entered into on or after 1 July 2016, the vendor will now need to apply to the ATO for a clearance certificate. [...]