Coming into force on 1 July 2016, the Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (Cth) (Innovation Act) amends the Income Tax Assessment Act 1997 (Cth) (ITAA) to provide tax incentives for investors in eligible Early Stage Innovation Companies (ESIC’s). [Read more…]
startups
Changes to capital gains tax roll-over relief regime
On 8 March 2016, the Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016 (Bill) received royal assent. The explanatory memorandum for the Bill states that it makes a number of amendments to the Income Tax Assessment Act 1997 (Cth) to provide greater flexibility for small businesses to change their legal structure in order to: [Read more…]
Silicon Beach Brisbane Christmas party 2013
Last night’s Silicon Beach Startup Christmas party was perhaps the best function of the year! With a purported 280 attendees lending weight to the proposition that Brisbane is arguably Australia’s start-up capital.
The organising committee chose a great venue in the Exchange Hotel. Seeing the Dundas Lawyers brand the size of a theatre screen in the middle of the Brisbane CBD was a highlight! [Read more…]