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Not enough liquidators to deal with coronavirus-related corporate collapses, ASIC warns

Not enough liquidators to deal with coronavirus-related corporate collapses, ASIC warns

by Shared by the ABC | Jun 11, 2020 | News

Australian Securities and Investments Commission (ASIC) chairman James Shipton has warned that there might not be enough liquidators and administrators to deal with multiple corporate collapses. Read more at the ABC. 
OECD advises Australia to rethink stimulus withdrawal

OECD advises Australia to rethink stimulus withdrawal

by Shared by MyBusiness | Jun 11, 2020 | News

An OECD report has revealed a grim global economic outlook, but a predicted GDP contraction of some 5 to 6.3 per cent has put Australia ahead of the pack, including the US, New Zealand, the UK and Japan.  Read more at MyBusiness. 
Consider 25-year loans amid Div 7A uncertainty, says law firm

Consider 25-year loans amid Div 7A uncertainty, says law firm

by Shared by Accountants Daily | Jun 11, 2020 | News

Despite the best efforts of the three professional accounting bodies, the Tax Institute and the Law Council of Australia, there has been no word yet from the government on whether proposed Division 7A changes will continue with its 1 July start date without draft...
Government to suspend indexation of tax instalments

Government to suspend indexation of tax instalments

by Maja Garaca Djurdjevic | Jun 10, 2020 | News

Assistant Treasurer Michael Sukkar has confirmed the government will legislate to suspend the indexation of tax instalment amounts for the 2020-21 financial year in response to COVID-19. This change will affect instalments payable to the Australian Taxation Office...
SMSF property valuation crucial after ‘significant events’

SMSF property valuation crucial after ‘significant events’

by Shared by SMSF Adviser | Jun 10, 2020 | News

Speaking exclusively in the latest episode of The SMSF Adviser Show, Acumentis national commercial director Paul Robbins said a trustee should consider an external assessment of properties within their SMSF after a significant event, which may include macroeconomic...
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