Ombudsman throws weight behind unfair contract extension

Ombudsman throws weight behind unfair contract extension

In June, the government released a proposals paper setting out a model for extending UCT protections to insurance contracts.The proposed model involves amending section 15 of the Insurance Contracts Act 1984 (IC Act) to allow the UCT laws in the Australian Securities...
Key small business professions highlighted in tax crackdown

Key small business professions highlighted in tax crackdown

Last year, ATO tax commissioner Chris Jordan said he wanted to address the large number of incorrect claims made for work-related expenses deductions as a means of minimising the tax gap.Earlier this year, the Tax Office flagged a number of key items that small...
ACCC flags leading small business concerns in 1H 2018

ACCC flags leading small business concerns in 1H 2018

Misleading or deceptive conduct remained the issue most commonly reported by small businesses with 1,072 reports between January and June 2018, up seven per cent from the previous six months, according to the ACCC’s latest Small Business in Focus report.The next-most...
Phoenix activity sting marked by public examination

Phoenix activity sting marked by public examination

The ATO said the examination into a group of entities connected to Philip Whiteman will look at the suspected promotion and facilitation of phoenix activities and tax schemes.More than 45 service providers, clients and employees of these advisors, and alleged ‘dummy...