We are pleased to supply you with the February edition of Client Alert, which contains information on a number of important developments up to and including 24 January 2020: ATO backs down from controversial time limit ruling – The ATO has recently withdrawn Draft Miscellaneous Taxation Ruling MT 2018/D1, on the time limit for claiming input tax credits and fuel tax credits. ATO extends bushfire assistance: lodgments deferred – The ATO has announced an extension of the tax assistance package for people impacted by the 2019–2020 bushfires in New South Wales, Victoria, Queensland, South Australia and Tasmania. Better consumer protection: new ASIC powers – The government has proposed new enforcement and supervision powers for ASIC to restore consumer confidence in … Continue reading Client Alert – February 2020