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.
Significant audit date errors identified from SAN misuse mailout
Last month, the ATO completed its SAN misuse mailout for the 2019 SMSF annual return which was aimed at identifying the incorrect reporting of...
‘Keep reminding the ATO of the cost’: Former deputy commissioner flags audit defence
“My biggest criticism of the ATO in the audits — they have no understanding of the cost of compliance,” said Michael Cranston, a partner at...
Draft reporting regulation to exacerbate late lodgements, penalties
As part of a consultation on a range of miscellaneous amendments to portfolio laws, the Treasury recently proposed a new regulation which would...
AAT rejects navy sailor’s work-related claims
Last week, the AAT confirmed that taxpayer Cameron Lambourne, an electronics technician with the Australian Navy, was not entitled to over...
JobKeeper October declaration deadline extended due to outage
The Australian Taxation Office (ATO) has confirmed that it will continue to process October monthly JobKeeper declarations beyond their 14...
Australia pens biggest trade deal in history
Referred to as the “world’s largest free trade agreement” by trade minister Simon Birmingham, the deal is considered critical for Australia’s...
ATO thanks accountants, foreshadows busy 2021
ATO deputy commissioner Hoa Wood said the Tax Office has not underestimated the impact of COVID-19 on the profession, and has thanked...
Government introduces further royal commission recommendations into Parliament
The package, which was introduced on Thursday, addresses 20 recommendations and one additional commitment from the Hayne Royal Commission into...
ATO, Treasury plead for return to on-time lodging ‘rhythm’
The plea comes as on-time lodgement performance for activity statements fell by 3.4 per cent below the ATO’s 2019–20 target, dropping below the...
Insolvency reforms to support small business introduced to Parliament
The reforms, which were announced by the government on 24 September 2020, are poised to reposition the country's insolvency system to help more...


















