Newsletter - November 2021

Author

This month we look at:

  • How to set up your Director ID:

Directors are now required to register for a unique identification number that they will keep for life. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID. This includes directors of a corporate trustee of self-managed super funds (SMSF). We show you how to set it up. Read More

 

  • Tax and the Normalisation of Cryptocurrency?

The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.n early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. You know when the banks come on board, cryptocurrency has become 'normal'. We explore the commonly asked questions about the implications of investing in blockchain. Read More

 

Quote of the month:

"When something is important enough, you do it even if the odds are not in your favour."

Elon Musk

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