Equity Interest Arising Through Connected Entities

The Commissioner provisionally considers that s 974-80(1)(d) of ITAA 1997 is not satisfied merely because a non-resident entity has chosen to invest indirectly in a debt interest issued by an Australian resident company and there is one or more equity interests interposed between the resident entity and the entity holding the debt interest.The fact that a non-resident entity has decided to invest indirectly in an Australian resident company through one or more interposed entities, and the final leg in the chain is a debt interest, will not of...

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China Stimulus Hopes Lift Australian Mining Shares

Growing expectations that the Chinese government will introduce stimulus to boost its economy has sparked a rise in commodities prices, which in turn lifted local mining stocks. Local equities also benefited from strong performances from Wall Street which was buoyed by US consumer confidence climbing to a six-year high. Australia's benchmark S&P/ASX200 rose 40.2 points, or 0.8 per cent to 5376.8. The broader All Ordinaries finished 36.2 points, or 0.7 per cent, higher at 5387.2. However, there are still significant headwinds for the...

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Superannuation And Other Barriers To Older People Working Need To Go

The older workforce in Australia may now be able to stretch its working life to few more years. A recent report released by the federal government reflects the same. The report titled “Access All Ages – Older Workers and Commonwealth Laws” was created by Australian Law Reform Commission. The commission believes that strict policies on social security and superannuation contribution have discouraged older workforce from continuing their profession after ageing upto 65 years. Many argue that loosing this experienced population is a kind of...

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