IFAC announces new partnership

“Stronger accountancy capacity in the public sector will contribute to transparency and accountability, which are crucial for all nations.” According to IFAC, the partnership will have two main components: establishing a project stakeholder advisory group...

Market volatility concerning SMSF investors

Investment in cash and term deposits rose by 2.7 per cent to 19.9 per cent in the March quarter of this year, compared with the December quarter of last year, according to trend statistics monitored in a quarterly survey of OneVue SMSF investors.It’s the biggest...

New RBA governor announced

Mr Morrison told parliament today that deputy governor Philip Lowe will replace Mr Stevens for a seven-year term from 18 September, when Mr Stevens will step down. “Dr Lowe brings a wealth of knowledge and experience to the role of governor, having served as the...

Scottish Pacific lends support to SMEs

The firm’s head of debtor finance Greg Charlwood backed the measures supporting SMEs, claiming SMEs can and will deliver broader economic growth in Australia. “We are pleased to see the benefits for companies with a turnover of $2 million being extended to a sensible...

ATO warns against SMSF tax arrangements

Deputy commissioner James O’Halloran said these types of arrangements are typically used by SMSF members at or approaching retirement age as income received by the SMSF trustee is concessionally taxed or treated as exempt current pension income of an SMSF in pension...