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More than 3,000 complaints relating to COVID-19

More than 3,000 complaints relating to COVID-19

by Maja Garaca Djurdjevic | May 27, 2020 | News

Speaking to members at an online forum on Tuesday, chief operating officer Justin Untersteiner revealed the COVID-19-related complaints included 1,430 banking and finance complaints, 1,070 general insurance complaints and 610 superannuation complaints.  According to...
Superannuation sector posts worst quarter on record

Superannuation sector posts worst quarter on record

by Shared by The Age | May 27, 2020 | News

The Australian Prudential Regulation Authority said significant downturns in global financial markets caused by the coronavirus pandemic had wiped 10.3 per cent from retirement savings account balances in the March quarter, with the sector’s total assets...
Federation and tax reform on Friday’s national cabinet agenda

Federation and tax reform on Friday’s national cabinet agenda

by Shared by MyBusiness | May 27, 2020 | News

The Prime Minister has indicated that his upcoming meeting with premiers and chief ministers will be centred on changes to the tax system and federation reforms, which he briefly flagged in Tuesday’s National Press Club speech. Read more at MyBusiness. 
Practitioners urged to build JobKeeper defence

Practitioners urged to build JobKeeper defence

by Shared by Accountants Daily | May 27, 2020 | News

While the ATO has publicly announced that it will take an “understanding and sympathetic” compliance approach when reviewing JobKeeper turnover projections, EY tax partner Sue Williamson believes practitioners should begin reviewing their clients’ claims now to ensure...
PM announces tax reform, easing of regulatory burden to help Australia recover

PM announces tax reform, easing of regulatory burden to help Australia recover

by Maja Garaca Djurdjevic | May 26, 2020 | News

The Prime Minister has unveiled a post-pandemic plan to pull Australia out of the coronavirus-induced crisis, promising to make taxes more efficient, cut down on regulation, simplify awards and access to finance, all with the goal to enable “our businesses to earn...
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