December – 2018 Practice Update covers following points:
- Company loans to shareholders under review.
- ATO to send text messages if bank account details incorrect.
- ATO contact regarding business cars and Fringe Benefits Tax (‘FBT’).
- External collection agencies to enforce ATO lodgment obligations.
- ATO data matching and share transactions.
- Improvements to employee share schemes announced.
- ATO guidance regarding ‘downsizer contributions’.