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Government launches inquiry into CDR following open banking delay

Government launches inquiry into CDR following open banking delay

by Maja Garaca Djurdjevic | Jan 27, 2020 | News

The government has announced it is taking a closer look at CDR, after the launch of open banking was pushed back in December. The CDR passed Parliament in August last year, with the Morrison government saying at the time was a “critical step” in reform. The Consumer...
Retirement trap hurting saving Aussies

Retirement trap hurting saving Aussies

by Shared by SMSF Adviser | Jan 27, 2020 | News

According to BetaShares, retirees who lift their savings to between $350,000- $600,000 may ironically see their income diminish. Read more at SMSF Adviser. 
Bushfire crisis galvanises enviro-tech startups

Bushfire crisis galvanises enviro-tech startups

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

The Envirotech alliance launches on Tuesday bringing together startups at co-working space Fishburners, technology lobby group TechSydney, energy tech network Spark Club and women’s coding education operator Girl Geek Academy. Read more at The Age. 
Accountants recognised in Australia Day honours list

Accountants recognised in Australia Day honours list

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

A total of 837 Australians were recognised in the General Division of the Order of Australia, with the youngest recipient aged 19 and the oldest aged 97. Read more at the Accountants Daily. 
SMSFs and GST withholding on residential premises

SMSFs and GST withholding on residential premises

by Contributed by Daniel Butler and Kimberley Noah | Jan 24, 2020 | Blog

GST is typically a vendor responsibility. However, under the withholding regime, purchasers of certain residential property must withhold GST from the amount payable to a vendor and pay that amount direct to the ATO at settlement (withholding obligation). This article...
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