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Permanent disbarment, new ATO penalty regime recommended by TPB review

Permanent disbarment, new ATO penalty regime recommended by TPB review

by Shared by Accountants Daily | Nov 30, 2020 | News

The independent review, initiated in early 2019, contains 28 recommendations to the government that seek to increase the independence of the TPB and strengthen its ability to regulate the profession. Read more at Accountants Daily. 
Government targets fund expenditure, best interests in new super reforms

Government targets fund expenditure, best interests in new super reforms

by Shared by SMSF Adviser | Nov 29, 2020 | News

Earlier this month, Treasury released exposure draft legislation and explanatory materials for its Your Future, Your Super package for consultation, which provides further details on the measures it announced in the federal budget. Read more at SMSF...
Tax, BAS agent education standards set for overhaul following landmark review

Tax, BAS agent education standards set for overhaul following landmark review

by Shared by Accountants Daily | Nov 29, 2020 | News

The independent review of the TPB, chaired by Keith James, has now been released by the government and contains wide-ranging recommendations aimed at ensuring a fit for purpose regulatory regime for the tax profession. Read more at Accountants Daily. 
Victorian government extends 10-day payment terms beyond COVID

Victorian government extends 10-day payment terms beyond COVID

by Shared by MyBusiness | Nov 29, 2020 | News

The commitment will be part of reforms to the Victorian government’s Fair Payment Policy, with payment terms for contracts under $3 million to move from the current 30 days. Read more at MyBusiness. 
Government to begin to separate TPB from the ATO

Government to begin to separate TPB from the ATO

by Maja Garaca Djurdjevic | Nov 29, 2020 | News

The government has accepted 20 of the 28 recommendations made by the independent review of the TPB, led by tax stalwart Keith James, which looked at the effectiveness of the regulator and the Tax Agent Services Act 2009 to ensure tax agent services are provided to the...
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