ASIC announces small business strategy progress report

ASIC announces small business strategy progress report

As part of its progress report on its Small Business Strategy 2017-2020, ASIC has published results of its activity in the three areas of how it assists, engages, and protects small businesses for the period 1 July to 31 December 2017.Key results for ASIC’s...
New inquiries a boost for SMEs

New inquiries a boost for SMEs

Ombudsman Kate Carnell said the inquiry, Affordable Capital for SME Growth, will explore the range of international initiatives that seek to address the funding gap for SMEs. The report is due in July 2018. “The inquiry will examine Australian initiatives where the...
Jail time ordered in $135m tax fraud case

Jail time ordered in $135m tax fraud case

The result follows the sentencing of co-conspirator, former EY executive Anthony Dickson, who in 2015 was sentenced to 11 years’ jail, which was later increased to 14 years on appeal, marking the longest jail sentence ever handed down for tax fraud and money...
Government increases penalties to combat SG non-compliance

Government increases penalties to combat SG non-compliance

The bill, Treasury Laws Amendment (2018 Measures No.4) Bill 2018, was introduced in the House of Representatives today and gives the ATO access to new enforcement and collection provisions, including strengthened arrangements for director penalty notices.“It is not...
ATO ups surveillance activity on property investors

ATO ups surveillance activity on property investors

ATO assistant commissioner Kath Anderson has called on tax agents to double-check claims made by their property investor clients after finding a large number of incorrect deduction claims being made.“As Australians enjoy the Easter break, they should be aware that the...