ATO releases worrying figures on superannuation

ATO releases worrying figures on superannuation

Figures show that super funds are holding $14.12 billion of lost super, with a further $3.75 billion of unclaimed super held by the ATO, as of 30 June 2017.The staggering amount belong to over 6.3 million lost and ATO-held super accounts despite the ATO reuniting 1.68...
IPA set to put workplace laws in the spotlight

IPA set to put workplace laws in the spotlight

IPA executive general manager, advocacy and technical, Vicki Stylianou, said the series of roadshows across metropolitan and regional Australia has revealed several key issues affecting small businesses, including the Small Business Fair Dismissal Code.The Small...
Government move brings clarity for accountants

Government move brings clarity for accountants

Minister for Revenue and Financial Services Kelly O’Dwyer yesterday announced that the government had released draft legislation to clarify that passive investment companies would not be able to access the reduced 27.5 per cent corporate tax rate for small...
New dispute resolution body commencement confirmed

New dispute resolution body commencement confirmed

The AFCA, which will commence on 1 July 2018, will replace the three existing schemes- the Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT).The new bill — Treasury Laws Amendment (Putting...
IPA announces new board directors

IPA announces new board directors

Following their September meeting, IPA president Damien Moore has  announced that three new directors have been appointed to the IPA’s board, including Dr Michael Schaper, deputy chair of the Australian Consumer and Competition Commission (ACCC). Ms Julie Williams,...