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Frydenberg defends inaction on $2 billion small business funds

Frydenberg defends inaction on $2 billion small business funds

by Shared by The Age | Oct 14, 2019 | News

Treasurer Josh Frydenberg said the government passed legislation earlier this year to establish the Australian Business Securitisation Fund to enable small and medium-sized businesses to get better access to more competitive finance outside the big banks. Read more...
Morrison dumps associations on code monitoring

Morrison dumps associations on code monitoring

by Shared by the ifa | Oct 14, 2019 | News

On Friday, the Morrison government announced that it is accelerating the establishment of a new disciplinary system and single disciplinary body for financial advisers, as recommended by the royal commission. Read more at the ifa. 
Permanent STP quarterly reporting concession floated to ATO

Permanent STP quarterly reporting concession floated to ATO

by Shared by Accountants Daily | Oct 14, 2019 | News

Speaking to Accountants Daily, Institute of Certified Bookkeepers executive chair Matthew Addison said that there are currently discussions with the ATO to make the STP quarterly reporting concession permanent for micro employers. Read more at the Accountants...
ASIC flags concerns with inappropriate SMSF set-up

ASIC flags concerns with inappropriate SMSF set-up

by Shared by SMSF Adviser | Oct 13, 2019 | News

In a statement released on Friday, ASIC commissioner Danielle Press said many consumers may be focusing too heavily on the benefits rather than the risks of running their own super fund. Read more at SMSF Adviser.
Treasurer orders ACCC to investigate banks over rate cuts

Treasurer orders ACCC to investigate banks over rate cuts

by Maja Garaca Djurdjevic | Oct 13, 2019 | News

Since the beginning of the year, the Reserve Bank has cut interest rates three times to a record low 0.75 per cent, however the big four banks have failed to pass them on in full. Treasurer John Frydenberg said on Monday morning that “the Australian people are sick of...
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