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ACCC focused on competition issues with shift to digital payments

ACCC focused on competition issues with shift to digital payments

by Keeli Cambourne | May 31, 2022 | News

In a speech to the Australian Financial Review Banking Summit, ACCC chair Gina Cass-Gottlieb said the commission will be looking into payments markets, investigating allegations of anti-competitive conduct, and protecting the interests of consumers as part of its...
Asset acquisition basics for the new business owner

Asset acquisition basics for the new business owner

by Benjamin Kluwgant, MYOB | May 31, 2022 | Blog

In business terms, an asset is defined as a resource that is owned or controlled by an economic entity and can be expected to produce value or benefit in the future. An asset has two value adding components: it can be used to produce value, and it can be exchanged for...
50,000 super fund members impacted by data breach

50,000 super fund members impacted by data breach

by Shared from Nest Egg | May 31, 2022 | News

The member records date back to 2019 and 2020 and contain names, addresses, ages, emails, phone numbers, account numbers and balances. Read more at Nest Egg
100A ruling ‘turns tax avoidance logic on its head’

100A ruling ‘turns tax avoidance logic on its head’

by Shared from accountantsdaily.com.au | May 31, 2022 | News

The Thomson Geer specialist said the draft shifted the onus onto taxpayers to show an arrangement was “ordinary family or commercial dealing” rather than follow the landmark case of FCT v Newton, in which the definition works the other way around. Read more at...
CHOICE calls for better protections in the cryptocurrency market

CHOICE calls for better protections in the cryptocurrency market

by Keeli Cambourne | May 30, 2022 | News

In a submission to the federal government, it has put forward a number of recommendations to formulate a proposed framework of regulation to protect consumers. These include a single definition for crypto assets for the purposes of regulation; a licensing regime for...
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