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ASIC provides relief for companies in external administration

ASIC provides relief for companies in external administration

by Keeli Cambourne | Oct 6, 2021 | News

The relief relates to certain financial reporting and annual general meeting (AGM) obligations that continue to apply when a company is in external administration. ASIC states the relief will firstly extend the time by which a company is required to prepare and lodge...
Online sales continue to surge in the lead-up to Christmas

Online sales continue to surge in the lead-up to Christmas

by Keeli Cambourne | Oct 5, 2021 | News

The Australian Bureau of Statistics revealed in its latest retail report on Monday (4 October) that a record $4.2 billion was spent online in August – an increase of 15.1 per cent from July 2021 and a massive 36.4 per cent up from the same time last year. The figures...
‘Incompetent’: Frydenberg attacked over jobkeeper after profit warnings from ATO revealed

‘Incompetent’: Frydenberg attacked over jobkeeper after profit warnings from ATO revealed

by Shared from The Guardian | Oct 5, 2021 | News

The Australian Tax Office also warned Frydenberg in July 2020 that big businesses and tax agents were “amending” prior sales records to potentially help them qualify for wage subsidies during the pandemic. It wasn’t until October that the eligibility criteria was...
ATO no longer prepared to be viewed as a line of credit

ATO no longer prepared to be viewed as a line of credit

by Shared from accountantsdaily | Oct 5, 2021 | News

Craig Michie, a senior executive at non-bank lender ScotPac, said he and his colleagues have started to see the ATO issue letters of intent.  Read more at accountantsdaily
Submissions open for new franchise rules

Submissions open for new franchise rules

by Shared from mybusiness | Oct 5, 2021 | News

The draft amendments follow the 2021–22 budget commitment of $4.3 million for a new Franchise Disclosure Register to assist prospective franchisees to make an informed decision before entering a franchise agreement. Read more at mybusiness
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