New scam warning as losses pass $4m

New scam warning as losses pass $4m

Telstra, the NBN, Microsoft and even the police have been used as fronts by scammers looking to steal banking details, the Australian Competition and Consumer Commission (ACCC) has warned. Read the full article at My Business.
Bank confirms compo for outage losses

Bank confirms compo for outage losses

CBA said on Tuesday morning (21 August) that the problems caused by a data centre failure have been resolved, and that all affected systems – including NetBank, the CBA app and its Visa cards – are back online. Read the full article at My Business.
‘Criminal’ tax agent loses appeal against ban

‘Criminal’ tax agent loses appeal against ban

The Tax Practitioners Board (TPB) revoked the registration of Ranjit Dadwal, who had worked as a tax agent since March 2011, after finding that he had past criminal convictions and failed to disclose these as part of his annual declarations.Read the full article at My...
Phoenix rules have ‘no chance’ of curbing losses

Phoenix rules have ‘no chance’ of curbing losses

“The government is cracking down on illegal phoenix activity for the benefit of all the hard-working Australians who are negatively affected by this abhorrent behaviour,” Financial Services and Revenue Minister Kelly O’Dwyer said last week in unveiling the draft laws...