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Australian unemployment increases to 8.5% in July as workforce swells to 14.7 million Australians

Australian unemployment increases to 8.5% in July as workforce swells to 14.7 million Australians

by Keeli Cambourne | Aug 9, 2022 | News

The Roy Morgan employment series data showed that in July unemployment increased 0.7 per cent points to 8.5 per cent. Roy Morgan’s unemployment figure of 7.8 per cent for June is more than double the Australian Bureau of Statistics estimate for June 2022 of 3.5 per...
Reserve Bank to trial digital currency in ‘limited-scale pilot’ scheme

Reserve Bank to trial digital currency in ‘limited-scale pilot’ scheme

by Shared from ABC News | Aug 9, 2022 | News

Unlike well known cryptocurrencies such as Bitcoin and Ether, which were created by private entities or individuals, a CBDC is issued and controlled by the central bank just like cash and electronic stores of sovereign currency sitting in bank accounts. The research...
120 DPNs a day drive insolvencies back to pre-pandemic level

120 DPNs a day drive insolvencies back to pre-pandemic level

by Shared from Accountants Daily | Aug 9, 2022 | News

July recorded 674 businesses being wound up or entering administration, line-ball with the comparable figure for 2019–20 after two years running at half that level. The impact of the ATO’s activity was hitting more quickly than expected, said chief executive of the...
Gilt-edged backup the best defence against cyber crimes

Gilt-edged backup the best defence against cyber crimes

by Shared from Accountants Daily | Aug 8, 2022 | Blog

This creates a major challenge for information technology (IT) and security operations (SecOps) teams tasked with protecting their company’s IT infrastructure, hybrid environments and precious data. They, in turn, must evolve their own data protection strategies and...
Tax Practitioners Board integrity decision upheld by Federal Court

Tax Practitioners Board integrity decision upheld by Federal Court

by Keeli Cambourne | Aug 8, 2022 | News

Sydney tax agent Hany Mina, who was the director of Logic Accountants & Tax Professionals (Logic), appealed the decision handed down by the TPB to terminate his registration and ban him from reapplying for two years to the Federal Court. He faced the TPB after...
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