Rocking Renewable Energy: The Critical Minerals Production Tax Incentive
The Australian Government announced the Critical Minerals Production Tax Incentive (CMPTI) under the 2024-25 Budget as part of the Future Made in Australia package. The Future Made in Australia package aims to build a stronger, more diversified and resilient economy.1 Underscoring this strategy is the Government’s desire to speed up the renewable energy transition and […]
The Future of Alternative Marine Fuels for Sustainable Shipping
The maritime industry is on a journey to decarbonise. Currently accounting for approximately 3% of the world’s total CO2 emissions, the shipping sector is facing mounting societal and regulatory pressure to transition to more sustainable practices.1 In this article, we explore the types of traditional and alternative marine fuels, give an overview of the changing […]
Not-for-profit Organisations – Are You Ready to Meet your Tax Compliance Obligations?
Commencing from the 2023/2024 financial year, not-for-profit entities (NFPs) who self-assess as income tax exempt under Division 50 of the Income Tax Assessment Act 1997 (Tax Act) and have an Australian Business Number (ABN) will need to lodge returns with the Australian Taxation Office (ATO). The first lodgments of returns for NFPs (for the income […]
