Why ASIC is putting a stop to ICOs

Why ASIC is putting a stop to ICOs

ASIC’s two key concerns – misleading and deceptive information in the materials used to market the ICOs and breaches of the financial services laws – have repercussions for anyone thinking about working with crypto assets in Australia. If a crypto asset is a...
Charity scams on the rise, ACCC warns

Charity scams on the rise, ACCC warns

The ACCC’s Scamwatch program has so far in 2018 received 689 reports of fake charities scams, with more than $320,000 in reported losses, according to a statement. This compares to the whole of 2017 where reported losses were $313,563. The ACCC noted that fake...
Consider SME stress points in tax decisions, urges IPA

Consider SME stress points in tax decisions, urges IPA

The tax system should provide targeted assistance towards stress points in a business life cycle, according to the Institute of Public Accountants (IPA).IPA chief executive Andrew Conway said it’s just one recommendation stemming from its recent Australian Small...
Improvements suggested around ATO fraud control

Improvements suggested around ATO fraud control

In releasing its report into the ATO’s fraud control management, the IGT Ali Noroozi said the review sought to augment and complement improvements the ATO suggested in its own review with regard to some of its risk controls.Mr Noroozi said one of the recommendations...
Regulators given stronger unfair contract powers

Regulators given stronger unfair contract powers

Treasurer Josh Frydenberg said the Treasury Laws Amendment (Australian Consumer Law Review) Bill 2018 makes amendments to clarify and strengthen consumer protections relating to consumer guarantees, unsolicited consumer agreements, product safety, false billing,...