Act now if you haven't lodgedNon-charitable not-for-profits (NFPs) with an active Australian business number (ABN) are legally required to lodge an NFP self-review return annually to notify their eligibility to…
Are you a foreign person buying residential propertyIf you are a foreign person, you need to apply for approval by lodging an application before you buy or acquire residential property…
Definition of a foreign personThe definition of a 'foreign person' is complex and may apply to individuals, corporations, trusts and other entities, in ways that are not immediately obvious.The legal…
We have seen individuals be targeted by promoters to create an SMSF for inappropriate and illegal reasons. These promoters often promise high returns or early access to super.These schemes can…
A not-for-profit (NFP) is required to maintain governing documents that demonstrate they operate on a NFP basis, including organisations that self-assess their income tax exemption. These governing documents must include…
