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Reserve Bank likely to cut interest rates again because ‘we could do better’ on creating jobs

Reserve Bank likely to cut interest rates again because ‘we could do better’ on creating jobs

by Shared by ABC | Jun 20, 2019 | News

The bank’s governor also indicated it was prepared to cut rates again, saying there was a lot of room for the economy to improve and a 0.25-percentage-point rate cut was unlikely to do much to achieve that improvement. Read more at the ABC. 
SMSFs to be spared from new STP reporting obligations

SMSFs to be spared from new STP reporting obligations

by Shared by SMSF Adviser | Jun 20, 2019 | News

From 1 July 2019, all employers, including small employers with 19 or less employees, will need to report payroll information to the ATO in real time under the Single Touch Payroll (STP) regime. Read more at the SMSF Adviser. 
ATO shakes up tax determinations plan for FY19–20

ATO shakes up tax determinations plan for FY19–20

by Shared by Accountants Daily | Jun 20, 2019 | News

Earlier this year, the ATO announced it was seeking feedback on its proposal to make its 12 annual tax determinations available only on the ATO website. Read more at the Accountants Daily. 
Australia’s AI revolution: Baby Boomers returning to work

Australia’s AI revolution: Baby Boomers returning to work

by Shared by The Age | Jun 19, 2019 | News

“People are lurching into the labour market. Why? Because jobs growth is strong. Who’s coming back in? More women, but increasingly people over the age of 55,” Dean of Melbourne Business School Ian Harper said at a Centre for Economic Development...
Royal commission reinforced what GFC exposed: Laker

Royal commission reinforced what GFC exposed: Laker

by Shared by The Adviser | Jun 19, 2019 | News

Speaking at the Governance Institute of Australia’s Governance and Risk Management Forum in Sydney on Tuesday (18 June), Dr John Laker, chair of the Banking and Finance Oath, noted that the financial services royal commission, 10 years later, came to the same...
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