Identifying relevant depreciating assets – ATO’s guidance on composite items
The ATO released draft TR 2023/D2 which provides guidance on whether an asset that is made up of a number of parts or components (composite item) is itself a depreciating asset, or whether one or more of its components are separate depreciating assets. The draft taxation ruling provides the Commissioner’s view on identifying the relevant […]
New rules for fixed term employee contracts
From 6th December 2023, there are new rules that will be applied to fixed term contracts. We have summarised the key changes for you to be aware of, you can also find more by visiting the Fair Work website linked below. Fair Work Ombudsman: New rules for fixed term contracts What is a fixed term […]
