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Assistance provided by ATO to businesses
The Australian Taxation Office (ATO) has released information relating to the support they will provide to businesses in these unprecedented... read more
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Banks Group’s response to COVID-19
BANKS GROUP IS SUPPORTING YOU REMOTELY Due to recent developments and advice issued by government and health authorities regarding the... read more
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Federal Government releases stimulus package
Responding to the extremely challenging economic environment, the Government today (12 March 2020) released a stimulus package which is designed... read more
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Amendments to Trust Deed may be required to avoid penalty stamp duty arising
Where a discretionary trust purchases residential property, the discretionary trust will be liable to pay a higher rate of stamp... read more
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FBT and the 2019/20 Festive Season
With the 2019/20 festive season now upon us, it is worthwhile having a refresher of the Fringe Benefits Tax (FBT)... read more
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Happy holidays to you and yours!
On behalf of the entire Banks Group team, we wish you and your family... read more
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Banks Group Golf Day 2019
Banks Group Golf Day 2019 was held on Tuesday 26 November at Woodlands Golf Club, with all proceeds proudly donated... read more
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Ultra-low interest rates: Is money worth anything anymore?
On 1 October 2019, the Reserve Bank of Australia (RBA) reduced the official cash rate to 0.75%, with RBA Governor... read more
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Tax Bites: Land tax on the home tennis court or swimming pool
Earlier this year, changes were made to the Land Tax Act 2005 to restrict the land tax exemption that currently... read more
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Analysis of the Australian private equity market
What is private equity? A private equity fund is a pool of cash set up for corporate investment. The fundamental... read more