Australian Government - BUDGET SPEECH 2010‑11
Australian Government BUDGET SPEECH 2010‑11 DELIVERED ON 11 MAY 2010
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Australians to Lodge 2009-2010 Tax Return by 31 October
Australians to Lodge 2009-2010 Tax Return by 31 October Tax Commissioner Michael D’Ascenzo today reminded Australia’s 12.6 million taxpayers to start getting ready to lodge their tax returns by the 31 October deadline.
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Small business director jailed following Wickenby investigations
Small business director jailed following Wickenby investigations James Gerard O’Rourke, 51, was today sentenced to two-and-a-half years jail in the NSW District Court for using a scheme to avoid paying tax on his overseas income.
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Options under Employee Share Schemes acquired on date of allotment - Willis

by taxvacancies.com, Wednesday, 9th June 2010

Options under Employee Share Schemes acquired on date of allotment - Willis

The AAT has held that, for the purposes of the former s 139G ITAA 1936, a taxpayer acquired options to acquire shares in his employer company on the date of allotment of the options, and not on the date of the preceding General Meeting that approved the issue of the options. Unfortunately for the taxpayer, the value of the options increased significantly between those two dates: Willis and FCT [2010] AATA 420 (AAT, Pascoe SM, 8 June 2010).

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