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.
Cutting red tape a priority for government in post-COVID-19 rebuild
As we head into a post-crisis world, the government’s focus will be on practical solutions to the most significant challenges presented by the...
JobKeeper documentation ‘absolutely critical’ in ATO audit
While the ATO has declared that it will take an “understanding and sympathetic” compliance approach when reviewing JobKeeper turnover...
Processing of early release of super applications resumes
Processing of applications and creation of backend files the Australian Taxation Office (ATO) produces for superannuation funds has resumed this...
FBT annual returns automatically deferred to end-June
The lodgment and payment due date for all 2019–20 fringe benefits tax (FBT) annual returns not already lodged has been automatically deferred to...
PM sets out 3-step plan for COVID-safe economy
Stressing that states and territories are able to move between the steps on the pathway at different times, the PM Scott Morrison set out a plan...
Royal commission implementation delayed by 6 months
Late last week, the government announced a royal commission deferral to enable the financial services industry to focus their efforts on planning...
ATO confirms compliance approach
With JobKeeper requiring businesses to work out their projected turnover decline to determine eligibility, there have been concerns from...
AFP investigates early access to super fraud
The Tax Office has announced that measures designed to protect the integrity of the early access to superannuation scheme have “helped detect a...
Lodgement deferral processing set to blow out to 28 days
After applying blanket lodgement deferrals to 5 June, the ATO has announced practitioners will be able to apply for further individual extensions...
Redundancy considerations for SME firms looking ahead
McDonald Murholme principal Andrew Jewell said that smaller firms “need to familiarise themselves” with the pandemic-inspired redundancy...




















