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.
APRA takes action against IOOF for ‘failing to act in best interests of superannuation members’
APRA said late last week it has commenced disqualification proceedings and is seeking to impose additional licence conditions and issue...
ASIC makes unique AFSL decision on foreign adviser
In outlining its latest decision on relief applications from April to September, ASIC said it granted relief to an adviser regulated by the...
Over 300 complaints lodged per day in first month of AFCA operations
AFCA reported it has received over 13,000 phone enquiries and 6,522 complaints from consumers and small businesses about financial products or...
Highly anticipated STP law secures passage
The Senate has passed the Bill proposing to extend STP to employers with 19 or less employees from 1 July 2019. The passage of legislation...
ATO to focus on upping reliance on its digital services
The Australian Taxation Office (ATO) has outlined its technology priorities for 2019 and beyond, which will see it take a new approach to working...
Crucial piece still missing from FASEA guidance
In the past month, the Financial Adviser Standards and Ethics Authority (FASEA) has released seven pieces of guidance, including five legislative...
Business speaks out: ‘Why we won’t hire more staff’
An original report suggested that government rhetoric and government policies are at odds when it comes to job creation, with many SMEs actively...
Confusion reigns: Australian Business Securitisation Fund explained
The Reserve Bank of Australia has reported that over recent years, competition has been less rigorous for small business lending and the interest...
Financial literacy education in RBA’s and ASIC’s sights
The corporate watchdog, the Australian Securities and Investments Commission (ASIC), believes that is because they are too daunting for many....
ASBFEO applauds Labor’s free tax clinics proposal
On Monday, Labor MP Andrew Leigh announced a proposal to fund 10 tax clinics across the country in an effort to assist micro-businesses and low...
