Blog & Resources
We keep you updated with what you need to know when it comes to running a business in Australia
Further insolvency reforms
Date of effect 1 July 2020 The Government has announced that it will further streamline insolvency laws: Review of trusts - Review how trusts (a common vehicle for SME businesses) are treated under...
183-day test modified for NZ sportspeople and support staff
Date of effect 2020-21 and 2021-22 income and FBT years COVID-19 has meant that a number of New Zealand sportspeople and teams have been based in Australia for an extended period of time. Under the...
Automotive R&D tariff concession extended
Date of effect 1 April 2021 The automotive research and development tariff concession will be extended for a further four years until 30 June 2025. Companies registered under the Automotive...
Early engagement process for foreign businesses
Date of effect 1 July 2021 The ATO will introduce a new early engagement service specifically aimed at foreign businesses that are looking to invest in Australia. The service aims to provide...
New avenue for small business to ‘pause’ ATO debt recovery
Date of effect Date of Royal Assent of the enabling legislation Small businesses with an aggregated turnover of less than $10 million per year will be able to apply to the Small Business Taxation...
Heavy road vehicle charge increase
Date of effect 1 July 2021 The Heavy Vehicle Road User Charge will increase from 25.8 cents per litre to 26.4 cents per litre from 1 July 2021. Click here to learn about other 2021...
Extending supports for the arts sector
The Government will provide $222.9 million over two years from 2020-21 to continue to support the arts sector through the impacts of COVID-19. Funding includes: Expansion of the Restart Investment...
Support for tertiary and international education providers
Date of effect 1 July 202-22 The Government is implementing a series of measures to assist tertiary and international education providers to help mitigate some of the impact of COVID-19. Funding...
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team@hfbgroup.com.au
+ 61 7 3286 1322
+ 61 7 3286 3022
146 Bloomfield Street Cleveland
P.O. BOX 24, Cleveland QLD 4163