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Government commends Telstra, Rio Tinto for ‘improving’ payment terms

Government commends Telstra, Rio Tinto for ‘improving’ payment terms

by Maja Garaca Djurdjevic | Feb 2, 2020 | News

In a statement issued late last week, the Minister for Small and Family Business said that decisions taken by Telstra and Rio Tinto to improve their payment terms with suppliers, many of them small and family businesses, better align with the Morrison government’s...
Banks tipped to settle as ASIC prepares fresh wave of lawsuits

Banks tipped to settle as ASIC prepares fresh wave of lawsuits

by Shared by SMH | Feb 2, 2020 | News

Daniel Crennan QC, the second in command at the Australian Securities and Investments Commission, revealed most legal cases against the banks and other financial firms over misconduct will be underway by the end of the year, with fresh action coming “quite...
Financial issues affecting Australians physically and mentally

Financial issues affecting Australians physically and mentally

by Shared by Nestegg | Feb 2, 2020 | News

Fidelity International has released a report, titled The Value of Advice, and found that more than 65 per cent of Australians worry about money at least monthly. Read more at Nestegg. 
Property deduction errors down to ‘lack of understanding’: ATO

Property deduction errors down to ‘lack of understanding’: ATO

by Shared by Accountants Daily | Feb 2, 2020 | News

Last year, the ATO singled out rental property deductions as a “top priority” for the agency, with Commissioner of Taxation Chris Jordan claiming that errors were found in almost 90 per cent of returns. Read more at the Accountants Daily. 
Employer alert: Car parking fringe benefits come to the suburbs

Employer alert: Car parking fringe benefits come to the suburbs

by Contributed by Judy White | Jan 30, 2020 | Blog

The Australian Taxation Office (ATO) has released the long-awaited rewrite of the car parking fringe benefits taxation ruling. A draft ruling TR 2019/D5 was released on 13 November 2019. The draft ruling is a rewrite of TR 96/26 (now withdrawn), and accordingly...
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