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Commonwealth Bank settles AUSTRAC case for $700m

Commonwealth Bank settles AUSTRAC case for $700m

by Shared by Australian Financial Review | Jun 4, 2018 | News

AUSTRAC took CBA to court in August 2017 over claims its intelligent deposit machines (IDMs) had been exploited by criminals and terrorists.Read the full article at the Australian Financial Review.
MYOB pulls out of Reckon deal, shares tumble

MYOB pulls out of Reckon deal, shares tumble

by Shared by Australian Financial Review | Jun 1, 2018 | News

The Australian Competition and Consumer Commission was due to make a decision on the deal by June 21, but it had issued a strong statement in March expressing concerns with the acquisition and its effect on competition in the space. MYOB chief executive Tim Reed said...
Companies in dark on new leasing accounting standard

Companies in dark on new leasing accounting standard

by Shared by Australian Financial Review | May 30, 2018 | News

The new accounting rules will force companies to book the majority of lease liabilities onto their balance sheets for the first time.Read the full article at the Australian Financial Review.
All or nothing company tax as Hanson invites cold call campaign

All or nothing company tax as Hanson invites cold call campaign

by Shared by Australian Financial Review | May 29, 2018 | News

Buoyed by positive poll findings and indications by Pauline Hanson that she may change her position yet again, Finance Minister Mathias Cormann said it was “most definitely our intention” to put the legislation to a vote. He said the bill would be for the...
Industry super funds fight ’guerrilla campaign’ to keep fees on ’ghost’ accounts

Industry super funds fight ’guerrilla campaign’ to keep fees on ’ghost’ accounts

by Shared by Australian Financial Review | May 28, 2018 | News

Revenue and Financial Services Minister Kelly O’Dwyer said the industry was mounting a “guerrilla campaign” to stop the government cutting $600 million in revenue a year by banning all exit fees and restricting charges on super accounts that have less than...
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