Understanding the Personal Property Securities Register (PPSR)
Is your business taking full advantage of the benefits that come from registering on the Personal Property Securities Register (PPSR)? Do you know how this legislation impacts your operations? If not, it’s crucial to understand how the PPSR can protect your interests, especially in uncertain financial times. What is the PPSR? The PPSR is a national online […]
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 […]
