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 cops backlash on delayed Everett assignment guidelines
In a scathing submission to the ATO, a group of organisations — including the joint professional accounting bodies — has now criticised the...
Early access to super extended until end-2020
Individuals who are still financially impacted by the COVID-19 pandemic will have more time to apply for the early release of up to $10,000 of...
12 people charged over elaborate $17m payroll tax fraud
On Tuesday, the Australian Federal Police (AFP) executed search warrants at 10 locations across Sydney, nine in south-east Queensland and two in...
Government urged to review taper rates and asset testing for pension
With the government set to respond to the Retirement Income Review at some point over the next few months, the Actuaries Institute said the...
Only 1m Aussies to remain on JobKeeper in 2021 to contain debt pile
At the moment, JobKeeper in its entirety, as a 12-month program, is expected to cost Australia $86 billion. Right now, it’s supporting around 3.5...
Division 7A relief available to SMSFs, ATO confirms
In the lead-up to 30 June this year, the ATO announced it would allow an extension of time to meet the minimum yearly repayment for a complying...
ASBFEO pushes advice subsidy ahead of potential insolvency spike
Remarking on the final report from the Insolvency Practices Inquiry, Ms Carnell said the system needs to change dramatically so that...
JobKeeper 2.0: IPA calls for necessary tweaks
While JobKeeper has achieved many objectives, it is understandable that there are some flaws, said IPA chief executive officer Andrew Conway....
ATO announces plans to review safe harbour rules
Back in 2016, the ATO released Practical Compliance Guideline (PCG) 2016/5, which sets out the safe harbour terms on which SMSF trustees may...
Over 800,000 Australians dip into super again
The latest figures from the Australian Prudential Regulation Authority (APRA) show that over the second week in July, 472,000 repeat applications...
