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Angry accountants demand compensation after latest Tax Office stuff‑up

Angry accountants demand compensation after latest Tax Office stuff‑up

by Shared by ABC Online. | Jul 25, 2017 | News

The bungle came just weeks after a major system outage and after commissioner Chris Jordan warned IT faults were beginning to undermine the tax office’s reputation. Read the full article on ABC Online.
Government announces super overhaul to cut fees and charges

Government announces super overhaul to cut fees and charges

by Shared by ABC Online. | Jul 24, 2017 | News

The changes are designed to give ordinary Australians more control over their retirement nest eggs and will hand the Australian Prudential Regulation Authority (APRA) sweeping new powers to intervene, if needed, in the regulation of funds.Read the full article on ABC...
Trust funds are costing the taxman a ’staggering’ $3.5 billion every year

Trust funds are costing the taxman a ’staggering’ $3.5 billion every year

by Shared by ABC Online. | Jul 21, 2017 | News

A new report from the institute shows the tax man is missing out on roughly $3.5 billion a year.Read the full article on ABC Online.
The day a camping store was hacked, and how big miners could be next

The day a camping store was hacked, and how big miners could be next

by Shared by ABC Online. | Jul 20, 2017 | News

The store’s point-of-sale data had been locked by cyber attackers, who were demanding a $5,000 ransom to release it.Read the full article on ABC Online.
APRA lifts bank capital requirements, may push up interest rates

APRA lifts bank capital requirements, may push up interest rates

by Shared by ABC Online. | Jul 19, 2017 | News

The Australian Prudential Regulation Authority (APRA) has outlined its new “capital adequacy” targets in an information paper, and will require a 150-basis-point (1.5-percentage-point) increase in the minimum safety reserves that must be held by the big...
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