Govt pushes forward with employer, super crackdown

Govt pushes forward with employer, super crackdown

Minister for Revenue and Financial Services, Kelly O’Dwyer, said the government will introduce a bill into Parliament this year that will ensure an individual’s salary sacrifice contributions do not reduce their employer’s superannuation guarantee obligation.A report...
IPA reveals new look

IPA reveals new look

IPA chief executive Andrew Conway said the change was decided upon after extensive market and member research that indicated a need for a stronger market presence and a more visible alignment with small businesses. “This is not just a brand refresh, it’s fundamentally...
ASIC consults with accountants over concerning trust use

ASIC consults with accountants over concerning trust use

Under the Corporations Act, accountants are entitled to provide a certificate attesting that a person is a ‘sophisticated investor’ and, therefore, does not need the protections that apply to a ‘retail investor’.ASIC has raised an issue with recent fundraisings which...
ATO sets sights on new ’tax gap’ objectives

ATO sets sights on new ’tax gap’ objectives

Acknowledging that no tax system will ever achieve zero gaps, Commissioner Chris Jordan told the National Press Club yesterday that the gap in Australia was on par with global best practice, and the ATO was seeking to minimise gaps further.Mr Jordan said that while...
Social dimension to attract new accounting talent

Social dimension to attract new accounting talent

In a World Economic Forum study, 5,000 Millennials in 18 countries said that the number one priority of businesses should be “to improve society”.IPA chief executive Andrew Conway believes accountants often lose sight of the social dimension of their work.“Do...