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,...
Government partnership to guide invoicing initiative

Government partnership to guide invoicing initiative

In releasing the consultation paper, both governments are seeking public views to help establish an independent, fair and equitable governance structure for the day-to-day operation of e-invoicing in both Australia and New Zealand. It notes that operational governance...
Seize the day

Seize the day

The ongoing financial services royal commission continues to wreak havoc on the big four banks. Amid continuous reports of misdemeanours and client misgivings, it is unsurprising they want to exit the wealth management space. It is also a damning indictment of the...
Business register reform moves to next stage

Business register reform moves to next stage

Under the legislation, legal registers administered by the Australian Securities and Investments Commission (ASIC) and the Australian Business Register will be moved to a modern registry platform, and administered by the Australian Business Registrar within the...