The Department of Home Affairs (DHA) has confirmed the skilling levy fund will commence on 12 August 2018.
Monthly Archives: August 2018
Continuing our discussion about SmartLaw and the future of the legal industry, which hopefully we can all say with some degree of comfort is here NOW, let’s consider another major theme of HighQ’s recent eBook – the intersection of technology and people. This idea is one that we touched on during our last series on the future of law, and it will continue to be a hot topic. As we seem to be in the midst of an almost technological revolution, with exciting new advances happening daily, it can seem very real that maybe robots will replace lawyers.
- Autore: Simone Maria d’ArcangeloWith the publication in the Official Gazette of the Prime Ministerial Decree (D.P.C.M.) of May 16, 2018 no. 901, finally, the application provisions of the tax credit introduced by art. 57bis of the Legislative Decree 50/20172 for advertising investments have been notified.
Taxpayer denied deductions for share losses and legal fees
In the decision of the Federal Court in Greig v Federal Commissioner of Taxation  FCA 1084, Justice Thawley held that the Taxpayer was not entitled to deductions under section 8-1 of the Income Tax Assessment Act 1997 (Cth) (ITAA 97) for losses incurred in relation to the compulsory transfer of shares in Nexus Energy Limited (Nexus) in the amount of $11.85 million and expenditure of $507,198 in legal fees arising from litigation involving the voluntary administration of Nexus.
Funds and financial products
ASIC identifies areas of improvement for exchange traded products
On 2 August, ASIC released a completed review of the exchange traded products (ETP) market in Australia, including exchange traded funds, aimed at ensuring the market is delivering on promises to investors.
OSHA’s Reporting Rule Rollback, CA’s Salary History Ban, NYC’s Temporary Schedule Change Law, Model FMLA Forms Expired – Employment Law This Week
Featured on Employment Law This Week: OSHA plans to roll back a controversial reporting rule initiated at the end of the Obama administration.
The biggest change to charitable giving under the Tax Cuts and Jobs Act may come from the increase in the standard deduction. The act almost doubles the standard deduction in 2018 to $12,000 for single and $24,000 for joint filers under age 65 (those over 65 can deduct an additional $1,300). This higher deduction will drastically reduce the number of taxpayers who itemize, thus causing many charities to fear a reduction in charitable gifts. So what are some of the best ways to make charitable gifts under the Act?
The Court of Appeal’s decision in Garand c. Fiducie Elena Tchouprounova, 2018 QCCA 876, rendered on July 19, 2018, discusses the starng point for the prescripon period when dealing with defects that appear gradually.
Since 2010, Australia has had laws dealing with unfair contract terms (UCT Laws) in consumer contracts. These are contained in sections 23 to 28 of the Competition and Consumer Act 2010 (ACL) and, in respect of financial products and services, sections 12BF to 12BM of the Australian Securities and Investment Commission Act 2001 (ASIC Act). From 12 November 2016, the scope of the UCT Laws was extended to ‘small business contracts’ (a small business is one that employs less than 20 people, including casual employees employed on a regular and systematic basis).
On 19 July amendments to the Federal law “On joint stock companies” (JSC Law) came into effect aiming to fix general principles of internal audit implementation in joint stock companies. Here we describe this and other important changes.