Australian Tax
The main taxes in Australia include Corporate Tax, Personal Income Tax, Capital Gains Tax, Goods and Services Tax, and Property Tax.
Category: Core Pages
Australian bank accounts
Banks in Australia are widely represented, with international, national and local branches throughout the country.
What are the general duties of Directors in accordance with Corporations Act 2001?
The Corporations Act 2001 requires that a company director or other officer exercise their powers and discharge their duties with care and diligence . This duty is subject to …
GST
Goods and Services Tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Registration for GST is compulsory for …
TFN (Tax Filing Number)
An Australian company will have its own Tax Filing Number (TFN) and it will be separate to your own individual TFN.
ABN (Australian Business Number)
When you form a company you will be issued an ACN (Australian Company Number). Once you have this ACN you can then apply for an ABN. When you register …
ASIC forms
A company must also complete a Statement of company details and pay an annual review fee. Within 2 weeks after a company’s annual review date (usually the date of …
What the annual obligations for the company?
Being an Australian registered company carries with it obligations that must be met. If any details about your company change (directorships, registered office address, shareholding) then you’re required to …
Can anybody be a director?
Generally yes, if the director is an Australian resident (permanent resident or citizen). There are however a few exceptions. A person cannot be a director if: are an undischarged …
Who is responsible for the company?
Ultimate responsibility for the company lies with its directors. Directors are responsible for the day-to-day running of the company and ensuring its obligations with the Corporations Act 2001 are …