Mandatory Merger Notifications Are Coming

Australia’s new mandatory merger control regime is on the horizon. From 1 January 2026, certain transactions must be notified to the Australian Competition and Consumer Commission (ACCC) and cleared before completion.

A voluntary opt-in period is now open and runs until 31 December 2025. This is a critical window to plan ahead.

These changes represent the most significant shift in Australian merger control in decades. Proactive planning will be critical to avoid costly delays and surprises.

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High risk! AML/CTF Compliance - It's coming for accountants, real estate agents and lawyers!

The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (Bill) has been passed by Parliament. The Bill overhauls Australia’s anti-money laundering and counter-terrorism financing regime, and extends the regime to certain 'high-risk' services provided by lawyers, accountants, trust and company service providers, real estate professionals, and dealers in precious metals and stones.

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Payroll Tax Implications for Arrangements Between Related Companies

A recent case in New South Wales has highlighted an important payroll tax risk for businesses operating through related companies. The decision in Chief Commissioner of State Revenue v E Group Security Pty Ltd (No 2) [2022] NSWCA 259 demonstrates how arrangements within corporate groups can trigger payroll tax liabilities under the Payroll Tax Act 2007 (NSW).

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Sporting clubs, community service organisations and charities are in the ATO’s sights - does your sporting club or community service organisation need to lodge an ATO annual return by 1 October 2024?

Not-for-profits entities with an ABN which are eligible to self-assess as income tax exempt will be required to submit an annual self-review return with the ATO, commencing from the 2024 income year. The 2024 annual self-review return must be lodged by 31 October 2024.

The new reporting regime was introduced to enhance integrity in the tax system and ensure that only eligible NFPs are entitled to income tax exemption.

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