Our latest eNewsletter includes information on the following topics:

Bonus deduction for employee training proposal – The government has proposed a temporary “skills and training boost” initiative giving small businesses access to a bonus 20% deduction on certain employee training.

Crypto reforms: change in consultation approach – Treasury is aiming to identify how cryptocurrency assets and related services should be regulated.

Sale of principal home: extension of exemption – The government intends to extend the assets test exemption under social security for principal home sale proceeds which a person intends to use to purchase a new principal home.

ASIC’s focus on super complaints handling – The regulator has found indicators of significant compliance issues and areas that need to be strengthened.

Compliance with super laws: ATO’s approach – The ATO mainly encourages trustees to comply with the super laws, but there are also occasions when stronger responses are required.