New legislation to cover tax whistleblowers

New legislation to cover tax whistleblowers

Following the recently formed expert advisory panel, Minister for Revenue and Financial Services Kelly O’Dwyer, today released the Treasury Laws Amendment (Whistleblowers) Bill 2017.The draft legislation, released for public consultation, will include reforms that...
ASIC zooms in on obligations as three firms fail

ASIC zooms in on obligations as three firms fail

The latest enforcement outcomes announcement follows ASIC’s Publish Notices Website and Lodgement project, an industry-wide compliance test of registered liquidators on their lodgement and publishing requirements.The Insolvency Law Reform Act 2016 now empowers ASIC to...
New legislation on competition law introduced

New legislation on competition law introduced

The Competition and Consumer Amendment (Competition Policy Review) Bill passed Parliament today, following the Competition and Consumer Amendment (Misuse of Market Power) Bill 2017 (Cth) which was passed on 23 August 2017.The new legislation contains a broad range of...
Government confirms crucial passive investment test

Government confirms crucial passive investment test

Today, the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017 was introduced into the House of Representatives to amend the law ensure that a company will not qualify for the lower company tax rate of 27.5 per cent if more than 80 per cent of...
James Shipton unveiled as new ASIC chair

James Shipton unveiled as new ASIC chair

Today, Minister for Revenue and Financial Services Kelly O’Dwyer announced that James Shipton will be appointed as the full-time chair to the corporate regulator early next year. Mr Peter Kell, the current deputy chair, will be the acting chair from the time Mr...