Living away from home reforms deferred

Legislation introducing the Living Away From Home (LAFH) reforms has been introduced to parliament, but won’t be passed until the August sitting. The biggest change from the previous draft is that the new rules won’t apply until 1 October 2012. Some other changes have also been made. Here we outline the proposals as they stand now….

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FAQ: The Clean Energy Legislation

What is the Carbon Pricing Mechanism? The Carbon Pricing Mechanism (CPM) is a mechanism by which businesses pay a charge for each tonne of carbon pollution they emit each year.  The following industries will be covered by the CPM: Stationary energy Industrial processes Fugitive emissions (but excluding those from decommissioned coal mines); and Emissions from…

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Tax office blocks 22,000 returns

Data matching models at the Australian Taxation Office have flagged almost five percent of this year’s income tax returns as potentially fraudulent. Since 1 July, the agency has finalised 460,000 returns from the 2010-11 financial year, issuing a total of 419,000 refunds worth $1.03 billion as of Wednesday. It blocked 22,000 returns, worth $85.38 million…

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