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.
Government to pump more than $550m into ASIC and APRA
The Australian Securities and Investments Commission (ASIC) will be provided with more than $400 million in additional funding, representing on...
ATO pushes towards software one-stop shop for agents
On the back of the ATO’s current beta rollout of its new online services for agents, ATO Assistant Commissioner Andrew Watson said the agency...
Queenslander sentenced to 7 years’ jail after cooking the books for wife’s deli business
Stephen Mungomery has been ordered to pay reparations of more than $1.2 million after he was found guilty of cooking the books for his wife's...
Accountants urged to stay away from conflicts of interest in the wake of royal commission
Law firm Gilbert + Tobin believes the tax profession can take a leaf out of commissioner Kenneth Hayne’s recommendations in his royal commission...
ASIC cancels accounting firm AFS licenses
Sydney Business Accounting’s licence cancellation took effect on 14 February 2019, and A G Calleia & Co’s licence was cancelled on 15...
Access to justice reforms: A good start but …
Small Business has a dispute with Big Business over late payment of its invoices. Big Business regularly pays all of its small business suppliers...
APRA instructs financial sector to manage climate risks
In publishing its first climate risk survey, the Australian Prudential Regulation Authority (APRA) has called on entities to move from gaining...
AFP raids broker’s offices as retiree loses $270k in superannuation
The raid is a further indication of concerns over practices within the massive online foreign exchange — or forex — brokerage industry. Read more...
FBT overhaul ‘not a priority’ for government
The Institute of Public Accountants general manager of technical policy, Tony Greco, said that while the compliance costs of FBT were almost five...
‘Big awareness push’ phase underway as STP deadline approaches
Through email and national advertising campaigns, the ATO is drilling in the 1 July deadline for STP, which applies to businesses with 19...
