From 1 July, a non-arm’s length capital gain made by a segregated current pension asset will be treated as non-arm’s length income and will be taxed at the highest marginal rate.
This edition of the Update covers: 1. Recent legal and regulatory developments, including the release of ASIC's immunity policy for market misconduct offences, a FATF.
2016 R&D Tax Incentive Review
The 2016 review of the R&D Tax Incentive (the Review) concluded in April 2016 and the Review Panel s report was released in September 2016. The review looked at ways to improve the tax incentive s effectiveness and integrity, including how the focus could be sharpened to encourage additional R&D investment.
You can read more about the Review and updates on the government s response on industry.gov.au.
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