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.
ATO’s SMS alert service causing ‘unnecessary concern’, says mid-tier
In February this year, the ATO launched a new alert service for SMSF trustees which issues text message alerts or emails to SMSF trustees when...
‘Excessive, disproportionate’: Government called to slash professional fees
The professional accounting bodies have taken aim at federal government fees, noting that while state and territory governments have either...
Legal risks flagged with popular methods of documenting rent relief
In late March, the ATO announced that for the 2019–20 and 2020–21 financial years, it would not undertake compliance action where an SMSF...
Accountants tasked with issuing post-JobKeeper turnover certificates
Under the JobKeeper bill, introduced into Parliament on Wednesday, businesses no longer receiving the JobKeeper wage subsidy would still retain...
Downsizer contributions remain steady amid property downturn
Based on ATO data, over 15,000 individuals have accessed the downsizer program since the commencement of the scheme, making a total of $3.5...
Australians can now choose their super funds
The Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 will allow around 800,000 Australians to make choices about where their...
Further guidance needed on reporting of rental deferrals
Reliance Auditing managing director Naz Randeria said it’s possible that SMSF professionals may interpret and apply the reporting requirements of...
Adelaide-based adviser banned for 5 years
ASIC has banned Adelaide-based financial adviser Francesco Antonio (Tony) Romano from providing financial services and from being involved in the...
‘Age pension increase not likely until budget’
BT head of financial literacy and advocacy Bryan Ashenden said last week it was announced that the vast majority of income support payments from...
Government pushed on SG rise amid ‘grim forecast’ for wages
Following comments by Scott Morrison in a press conference last week that the government will be “carefully considering” whether to proceed with...




















