Commissioner issues draft Determination on the operation of the 4 year limitation period to claim an input tax credit or fuel tax credit

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On Friday the Commissioner issued Draft Miscellaneous Taxation Ruling MT 2018/D1 ‘Miscellaneous tax: time limits for claiming and input tax or fuel tax credit’. This is an important (and somewhat controversial) publication as it seeks to clarify the operation of the 4 year limitation period on claiming input tax credits

High Court affirms traditional test for enforcing oral contracts based on acts of part performance

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ROBERT HAY QC COMMERCIAL LAW BARRISTER

The High Court has resisted an invitation to expand the grounds on which a party can enforce an oral contract for the sale of the land on the ground of part performance.

Legislation in each State and Territory requires that contracts for the sale of land meet certain formal requirements

Market collapses for share trader’s defamation claims: Jones & Australian Shareholder Centre PL v Aussie Networks PL & Eiby [2018] QSC 219

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Justin Castelan

The first defendant owned and ran an internet forum, Aussie Stock Forums, used to discuss topics related to the stock market and investments. The second defendant was its sole director and shareholder. He left a comment on the forum in response to a request for information about Australian Shareholder Centre