September 2021

Tax treatment of non-fungible tokens

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The tax treatment of non-fungible tokens follows the same principles as cryptocurrencies. A non-fungible token (NFT) is a unit of data stored on a digital ledger. NFTs are unique and therefore are not interchangeable. You can use an NFT to represent an ownership interest in any tangible or intangible asset,… Read More »Tax treatment of non-fungible tokens

Re-contribution of COVID-19 early release super amounts

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From 1 July 2021, super fund members can re-contribute amounts they withdrew under the COVID-19 early release of super program without those contributions counting towards their non-concessional contributions cap. These contributions can be made between 1 July 2021 and 30 June 2030. COVID-19 re-contribution amounts are not a new type… Read More »Re-contribution of COVID-19 early release super amounts