TIB - July 1999

New legislation 

• Taxation (Accrual Rules and Other Remedial Matters) Bill
• Other changes to the Income Tax Act
• Changes to the Tax Administration Act 1994
• Changes to other Acts

Legislation and determinations

• Draft general depreciation determination on growing trays

Legal decisions – case notes

• Correction to previous case note
• GST – registration threshold and whether Commissioner can amend deemed registration date
• Whether establishment fees paid to a financial advisor were capital or revenue
• Whether late objection application properly declined
• Whether settlement sum assessable income
• Fringe Benefit Tax – whether company vehicle was available for private use
• Disposal of proceedings; Disputant’s claim struck out

Standard Practice Statements

• Late Filing Penalty
• Disputes Resolution - Content standards for 57 Notice of Proposed Adjustment and Notice of Response