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World-first Australian blockchain pilot revolutionises 100-year-old tax system

World-first Australian blockchain pilot revolutionises 100-year-old tax system

by Keeli Cambourne | Mar 30, 2022 | News

Convergence.Tech, working with the Australian federal government has led a consortium to deliver the pilot that has been analysed by KPMG. The platform also enables a Global and Domestic Trusted Distiller Program to be introduced that could lead to privileged trading...
Budget: Changes coming to tax administration

Budget: Changes coming to tax administration

by Shared from accountantsdaily.com.au | Mar 30, 2022 | News

The government will allow companies to choose to have their PAYG instalments calculated based on current financial performance. The objective is to support business cash flows by aligning PAYG instalment liabilities and business profitability. Read more at Accountants...
Federal budget 2022-23: No long-term view to address the debt burden

Federal budget 2022-23: No long-term view to address the debt burden

by Keeli Cambourne | Mar 29, 2022 | News

“This Budget is a broad-brush bid to respond to short-term pressure,” IPA chief executive, Andrew Conway, said. “The Budget forecasts net debt peaking at 33.1 per cent in 2026. For business to have confidence we must see a plan to tackle Australia’s long-term debt...
Robust retail sales continue despite a disrupted February

Robust retail sales continue despite a disrupted February

by Keeli Cambourne | Mar 29, 2022 | News

Overall sales rose 9.1 per cent year-on-year for February, according to the Australian Bureau of Statistics. Clothing, footwear and personal accessories led the upswing with a 17.8 per cent increase compared to February 2021, followed by cafes, restaurants and...
More agriculture workers to come to Australia with Ag Visa signing

More agriculture workers to come to Australia with Ag Visa signing

by Keeli Cambourne | Mar 29, 2022 | News

Vietnam has entered a bilateral agreement with the Australian government to opt in to the Ag Visa, meaning workers from the South-East Asian country will be able to utilise the visa to work on Australian farms and provide growers with critical workers that will...
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