The Australian Charities and Not-for-profit Commission has released their annual charity report analysing the activity of 51,536 charities over 2022. The report looks at the revenue, expenses and equity of charities in Australia, with a focus on extra small charities and the impact the cost of living crisis has had on those charities.  

Australia is recognised for its reputation as an open, stable, globally connected economy. With its close connections across the Tasman, it’s no surprise that New Zealand businesses often making the move to expand their operations within Australia.

Australia is recognised for its reputation as an open, stable, globally connected economy. It’s no surprise that foreign businesses are making the move to expand their operations within Australia.

Australia is recognised for its reputation as an open, stable, globally connected economy. It’s no surprise that foreign businesses are making the move to expand their operations within Australia.

Property was mistakenly transferred to an unrelated company. Error was found 10 years later, real owners sought exemption to land transfer (stamp) duty. Costs for the responsible law firm pursued, emphasising the importance of due diligence in property transactions.

The Victorian Government and the wine industry are co-designing a new strategy funded by the 2023-2024 State Budget. Over two years, stakeholders can shape the Victorian Wine Strategy through forums and submissions. Agriculture Victoria's engagement paper invites input on industry issues and opportunities until Sept 1, 2024.

The ATO responds to the BPFN ruling, which challenged its stringent stance on non-arm's length income (NALI) in SMSFs. While maintaining the importance of benchmarking, the ruling highlights the validity of commercial assessments in private lending schemes.

The Victorian Government launches the Regional Tourism Investment Fund 2024, aiding tourism projects in rural and regional Victoria. Grants up to $5M available. Eligibility open to various entities. Apply by July 19, 2024.

As Victoria follows the rest of the world in shifting towards green electricity, it is inevitable that more power transmission lines will be needed.  Which means power companies will be asking more and more landowners across regional and rural Victoria for access to their land, and then to build transmission towers.