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Accountants urged to stay away from conflicts of interest in the wake of royal commission

Accountants urged to stay away from conflicts of interest in the wake of royal commission

by Shared by Accountants Daily | Mar 22, 2019 | News

Law firm Gilbert + Tobin believes the tax profession can take a leaf out of commissioner Kenneth Hayne’s recommendations in his royal commission final report, especially when it comes to managing conflict of interest and duty to client and remuneration arrangements....
Access to justice reforms: A good start but …

Access to justice reforms: A good start but …

by Contributed by Rachel Burgess | Mar 21, 2019 | Blog

Small Business has a dispute with Big Business over late payment of its invoices. Big Business regularly pays all of its small business suppliers late. Small Business has invested significant time and effort trying to resolve the dispute directly, but has failed....
AFP raids broker’s offices as retiree loses $270k in superannuation

AFP raids broker’s offices as retiree loses $270k in superannuation

by Shared by the ABC | Mar 21, 2019 | News

The raid is a further indication of concerns over practices within the massive online foreign exchange — or forex — brokerage industry. Read more at the ABC. 
Brexit has inflicted serious damage on UK financial services, says global CEO

Brexit has inflicted serious damage on UK financial services, says global CEO

by Maja Garaca Djurdjevic | Mar 21, 2019 | News

The actual process of leaving the EU itself is now increasingly irrelevant, judged Nigel Green the founder and CEO of deVere Group. He warned that even if the UK didn’t leave, unprecedented damage to the UK’s financial services industry has already been done....
FBT overhaul ‘not a priority’ for government

FBT overhaul ‘not a priority’ for government

by Shared by Accountants Daily | Mar 21, 2019 | News

The Institute of Public Accountants general manager of technical policy, Tony Greco, said that while the compliance costs of FBT were almost five times higher than other taxes, it would be very unlikely for the government to let go of the revenue stream. Read more at...
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