SuperStream extension gets thumbs up

SMSF Association managing director/CEO Andrea Slattery said the ATO is to be applauded for adopting a flexible approach to the 30 June 2016 deadline by giving small businesses a few more months to become compliant. “Extending this deadline is an acknowledgement that...

Corporate regulator makes move in fintech

ASIC has signed an Innovation Functions Co-operation Agreement with the MAS aimed at “helping innovative businesses in Singapore and Australia in their foray to the respective markets”. The agreement will enable fintech businesses in Australia and Singapore to...

Accountants told to take note of new AAT decision

The Administrative Appeals Tribunal (AAT) has reduced the banning term for a former Lionsgate Financial Group-aligned adviser, who was banned by ASIC in 2015 for breaches in record keeping.According to a statement, the AAT reduced Atish Prasad’s banning term...

ATO to release further guidance

Late last month, the ATO extended the 30 June 2016 deadline for trustees looking to get their LRBAs on commercial terms to 31 January 2017. In its announcement, the ATO promised to release further information to assist trustees and professional advisers in making...