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.
Will responsible lending reforms help small businesses?
Treasurer Josh Frydenberg has announced a proposed reform of credit regulations in a bid to reduce red tape and speed up loan approvals to inject...
Government announces it is simplifying access to credit to boost economy
The government has announced it is relaxing lending rules to ensure small businesses can get timely access to credit as the economy moves into...
Diversification risks to remain firmly on ATO’s radar, says SMSF expert
Smarter SMSF chief executive Aaron Dunn said recent commentary from the ATO suggests that issues around diversification and asset concentration...
‘We’re all in this together’: Profession braces for JobKeeper workload
With the JobKeeper extension due to begin on Monday, practitioners now face a momentous task in helping clients determine their eligibility, and...
Major banks predict October rate cut
Westpac chief economist Bill Evans believes the RBA will cut the overnight cash rate to 10 basis points (0.1 of a percentage point), adopt a 10...
ATO reveals key JobKeeper dates, urges employers to get ready
As we approach the end date of the initial JobKeeper period and move into the extension, the Australian Taxation Office has advised of key dates...
Government announces insolvency reforms to back small businesses
The reforms, which draw on key features from Chapter 11 of the Bankruptcy Code in the US, are expected to help more small businesses restructure...
Tax practitioners told to use appropriate client verification processes
The TPB has issued a warning to all tax practitioners following a recent case where a registered tax practitioner failed to take appropriate...
ASIC extends COVID-19 relief for early release advice
In a public update, ASIC has announced that it is extending the financial advice relief related to the COVID-19 early release of superannuation...
Commissioner registers updated JobKeeper alternative tests
The Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover Test Rules (No. 2) 2020 legislative instrument...
