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MIL-OSI Australia: Government releases Exposure Draft Legislation to reform employee share schemes


Source: Australia Government Ministerial Statements
The Government has today released draft legislation to implement the reforms to regulatory and tax arrangements for employee share schemes (ESS).
The reforms make it easier for businesses to offer ESS and will support Australian businesses to attract and retain the talent they need to compete on the global stage.
The tax reforms, announced in the 2021‑22 Budget, will remove the cessation of employment taxing point for the tax‑deferred ESS that are available for all companies. Tax will be deferred until the earliest of the remaining taxing points.
Under the regulatory reforms, employers will not have to consider the ....

Australia Government Ministerial , Corporations Act , Exposure Draft Bill , Explanatory Memorandum , ஆஸ்திரேலியா அரசு மந்திரி , நிறுவனங்கள் நாடகம் , நேரிடுவது வரைவு ர சி து ,

Government releases exposure draft legislation to reduce tax burden on granny flat arrangements and employer-provided retraining


Date Time
Share
Australian Treasury
The Government has today released draft legislation to give effect to two measures announced in the 2020‑21 Budget.
On 5 October 2020, the Government announced a targeted capital gains tax (CGT) exemption for granny flat arrangements where there is a formal written agreement in place.
Tax consequences can be a key impediment to families creating formal and legally enforceable granny flat arrangements. When faced with a potentially significant CGT liability, families may opt for informal arrangements which can leave open the risk of financial abuse and exploitation.
Under the measure, CGT will not apply to the creation, variation or termination of a formal written granny flat arrangement providing accommodation for older Australians or people with disabilities. ....

Exposure Draft Bill , Explanatory Memorandum , Australian Treasury , நேரிடுவது வரைவு ர சி து ,

Inside Track: Local Government - In the media, Practice and courts, Cases and Legislation - Government, Public Sector


In the media
Change management crucial for local government sector in 2021
In 2021, it will be essential that councils prioritise broadening the digital tool kit and ways in which they engage with citizens, mobilise their field workers with cloud-based technologies that enable them to work from anywhere at any time, and reduce costs to service (14 January 2021).  More.
NSW
Audit finds gaps in procurement compliance
An audit of NSW councils has found gaps in procurement management that potentially put them at risk of fraud, waste and corruption. The Auditor General s report, Procurement Management in Local Government handed down late last year looked at procurement practices at six NSW councils. View the Procurement Management in Local Government (15 January 2021).  More. ....

New South Wales , City Of Sydney , Shelley Hancock , Smart Places Acceleration Program , Planning Department , Liverpool City Council , Council Of Australian Governments , Penrith City Council , Acceleration Program , Office Of Local Government , Public Spaces Legacy Program , Party Policy Development Funding Notice , Auditor General , Procurement Management , Local Government , Places Acceleration Program , Western Sydney , Circular Quay , Local Government Shelley Hancock , Local Government Amendment , Bushfires Disaster Emergency Declaration , Australian Bushfires Disaster , Emergency Declaration , Privacy Act , Exposure Draft Bill , Spaces Legacy ,

NSW Government Bulletin - In the media, Practice and courts, Cases and Legislation - Government, Public Sector


Foreign Relations Bill set to increase federal government
oversight of state and territory arrangements
Last week, Australia s Foreign Relations (State and
Territory Arrangements) Bill 2020 (
Bill) passed
both houses, bringing state and territory government arrangements
with foreign territories within the domain of federal government
oversight.
The Bill is intended to ensure consistency between state and
territory arrangements and the broader national interest by
allowing the federal government to veto arrangements that are
inconsistent with Australia s foreign policy or that may
adversely affect relations with a foreign country. The Bill means
that the federal government will be able to ensure that state and ....

Northern Territory , Australian Capital Territory , Nicola Gobbo , Mark Speakman , Opeartion Avon , Angelene Falk , Graeme Henson , Christian Porter , National Emergency Declaration , Opportunity Division , Occupational Division , Australian Public Service Commission , Australian Commission For Law Enforcement , Or Court , Bar Council , Service Migration Determination , Wales Bar Association , Service Migration , Digital Transformation Agency , Legal Framework Of The National , High Court , Party Policy Development Funding Notice , Bureau Of Crime Statistics , Staff Agency Order , Intelligence Community Richardson , Adoption Of Law Council Australia Trilogy ,