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Attorney-General floats naming and shaming penalty for wage theft

Attorney-General floats naming and shaming penalty for wage theft

by Shared by Accountancy Daily | Feb 19, 2020 | News

Attorney-General and Minister for Industrial Relations Christian Porter today released a discussion paper exploring further changes to tackle worker underpayments. Read more at Accountancy Daily. 
ATO resolves errors in SMS alert service

ATO resolves errors in SMS alert service

by Shared by SMSF Adviser | Feb 18, 2020 | News

Last week, the new SMS alert service was mistakenly triggering alerts for SMSF trustees upon lodgement of their 2019 annual return. Read more at the SMSF Adviser.
The tax status of insured property payouts

The tax status of insured property payouts

by Shared by Nestegg | Feb 18, 2020 | News

In a new update, the ATO has advised that any insurance payout received for a family home or main residence is not taxable, and therefore don’t have to be included as income in your tax return. Read more at Nestegg. 
Australia not doing enough to counter money laundering, report finds

Australia not doing enough to counter money laundering, report finds

by Maja Garaca Djurdjevic | Feb 18, 2020 | News

Although it is not traditionally regarded as a secrecy jurisdiction, Australia is ranked in 48th position in the 2020 Financial Secrecy Index out of a total 133 countries. It accounts for less than 1 per cent of the global market for offshore financial services,...
My Business Health tailored to bushfire-hit small business owners

My Business Health tailored to bushfire-hit small business owners

by Maja Garaca Djurdjevic | Feb 18, 2020 | News

The portal has been expanded to help the victims of the recent bushfires, which have destroyed communities and countless small businesses. The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has been struck by the devastation of recent months,...
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