TOPIC
The 2026 global economy: nervously muddling through
At a glance Political and regulatory volatility is creating a nervous environment for global business. AI is emerging as a top business priority for automation and analytics. Despite cautious consumers, the global economy has proven surprisingly resilient since...
ATO allowed to disclose super assets in separation proceedings under new law
Legislation to improve the visibility of superannuation assets in family law proceedings officially passed Parliament on Thursday. Under the...
TPB and Professional Standards Councils sign MOU
A memorandum of understanding has been established between the the Tax Practitioners Board (TPB) and the Professional Standards Councils,...
ATO issues guidance on tax deductions for COVID grants
The guidance comes as Treasurer Josh Frydenberg declares a number of New South Wales and Victorian COVID-19 business support programs to be...
Payments system review proposes new role and powers for federal Treasurer
A formal review of Australia’s payment systems infrastructure has called for the Treasury to take on a more active leadership role within the...
ATO releases draft ruling on expenses associated with vacant land
Draft Taxation Ruling TR 2021/D5 sets out the ATO’s preliminary view on various aspects of the vacant land expenses rules in section 26-102 of...
Feedback sought on legislative changes to unfair contract term protections
Following a consultation with small, medium and large businesses and consumers, the government has released draft legislation to strengthen...
Super tax rebate scheme could help close gender gap, according to KPMG
According to KPMG, women in the pre-retirement age bracket of 60-64 years have saved roughly $57,000 less in superannuation than men of the same...
Government announces ‘important changes’ for superannuation financial reporting
In an effort to accommodate “the size and significance of the sector”, the government’s proposed reforms will see super funds required to prepare...
Rooftop solar avoids ‘sun tax’ but still faces caps
A proposal for households with rooftop solar panels to be charged for exporting electricity into the power grid has been softened, with...
ASIC to commence royal commission financial advice reforms in October
In a recent update, ASIC said that the six reforms arising out of recommendations from the Royal Commission into Misconduct in the Banking,...
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