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 […]
Payday super — commencement of consultation process
Please note that Payday super is currently only proposed legislation and is currently in the consultation stage and has not yet been introduced or passed. The below information is provided for you to be aware of the potential changes and have early discussions with us if this legislation were to pass on how these changes […]
