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.
RBA keeps rates on hold
Following two rate cuts in March, the RBA announced on Tuesday it is keeping rates at 0.25 of a percentage point. “At its meeting today, the...
SMSFs ‘high on the radar’ for cyber scams
In a blog, ASF Audits executive general manager of technical services Shelley Banton said that at a time when trustees are working from home...
ATO ruling on JobKeeper GST turnover test released
LCR 2020/1 has now been published, setting out the Tax Commissioner’s view of the decline in turnover test as part of the JobKeeper rules. Read...
Over 665,000 applications for early super release in one week
The total value of processed early release of super applications in the first week of the scheme reached $1.3 billion, with the average benefit...
ATO reveals JobKeeper compliance approach
The Tax Office has now published Practical Compliance Guideline 2020/4, setting out how the ATO will apply its compliance resources to schemes...
Modified turnover test, ‘one in, all in’ amendments released
Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 2) 2020 has now been registered. Read more at Accountants...
Accounting bodies develop record of advice template
Chartered Accountants Australia and New Zealand, CPA Australia, the Institute of Public Accountants, SMSFA and FPA have now developed a terms of...
Adviser hit with permanent ban for SMSF misconduct
ASIC has permanently banned former Spectrum Wealth Advisers authorised representative Jane Elizabeth Myers of Dunlop, ACT, from providing...
ASIC bans drop by 50% in second half of 2019
According to ASIC's latest Enforcement Update released on Wednesday, just 48 individuals were banned from providing financial services or credit...
Treasury boss hails ‘rapid’ ATO stimulus delivery
In his testimony to a Senate select committee looking into the government’s COVID-19 response, Mr Kennedy said $10 billion in stimulus measures...
