by Slye Joy | Jun 28, 2018 | News
In a proposals paper released by the government, it has set 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...
by Slye Joy | Jun 27, 2018 | News
Yesterday, opposition leader Bill Shorten said it would repeal the current arrangement giving tax relief to businesses with turnovers up to $50 million.However, Mr Shorten said Labor was yet to decide on whether it would limit tax cuts to businesses with turnovers...
by Slye Joy | Jun 26, 2018 | News
The government last month introduced a one-off, 12-month amnesty period for small businesses to address any historical underpayment of superannuation.The amnesty began on 24 May under its Treasury Laws Amendment (Superannuation 2018 Measures) Bill 2018.The bill passed...
by Slye Joy | Jun 25, 2018 | News
The Black Economy Advisory Board will be led by the ATO and chaired by Michael Andrew, according to a statement, said the Minister for Revenue and Financial Services, Kelly O’Dwyer.The board will include members of the private and public sector who will provide...
by Slye Joy | Jun 22, 2018 | News
In July 2016, the International Ethics Standards Board for Accountants (IESBA) introduced the Non-compliance with Laws and Regulations (NOCLAR) provision to set a framework for when accountants become aware of potential illegal acts committed by a client or...
