TOPIC
The 2026 global economy: nervously muddling through
The world economy enters 2026 in a nervous state. Volatility and cautious consumers are the norm, even though growth has proven surprisingly resilient.
Holding pattern for division 7A welcomed by IPA
The Institute of Public Accountants (IPA) has welcomed the deferral of the start date for changes to Division 7A announced by the Morrison...
$800k put to upping audit quality amid ‘serious concerns’ from industry
The Government will provide $0.8 million over three years from 2019-20 to the Auditing and Assurance Standards Board in a bid to improve audit...
Morrison government promises ‘super boost’ from 1 July 2020
On Monday, the Morrison government announced it is taking action to help Australians boost their retirement savings by giving them greater...
ACCC revises Customer Data Right rules
The Australian Competition and Consumer Commission (ACCC) has made further revisions to the rules around the yet-to-be-legislated Customer Data...
ATO brings in over $500m from illegal phoenix operators
The annual direct impact of illegal phoenix activity is estimated to cost the Australian community between $2.85 billion and $5.13 billion, the...
Federal budget tipped to bring extra ATO funding, compliance activities
While calls for standard deductions for work-related expenses have been around since the Henry Tax Review recommended it in 2010, and more...
Government to ban grandfathered commissions
The Hayne commission final report recommended that grandfathering provisions for conflicted remuneration should be repealed. Read more at the...
Low-value GST collection at 300% of forecasts
Since new laws kicked in on 1 July last year, GST will apply to sales of low-value, imported goods valued at $1,000 or less, to consumers in...
Senate committee gives 6-member SMSF bill green light
After the Treasury Laws Amendment (2019 Measures No. 1) Bill 2019 was referred to the Economics Legislation Committee by the Senate on 14...
New guidelines issued on satisfactory tax records for tender bids
Late last year, the government released a consultation seeking to introduce a new government procurement process that will exclude businesses...
