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.
Audit requirement for rent relief relaxed
On its website, the ATO said it is currently updating the Auditor/Actuary Contravention Report (ACR) instructions for the 2020 income year to...
AFP teams up with ATO, Treasury in COVID-19 tax fraud taskforce
Fronting a Senate inquiry into the government’s response to COVID-19, Treasury Deputy Secretary Jenny Wilkinson confirmed that her department has...
Banks’ rate cut decisions determined by profit
The ACCC’s Home Loan Price Inquiry interim report, released on Monday, showed that the big four banks considered various factors as they decided...
Rent relief with 13.22C unit trusts needs ‘paramount’ care
According to Peak Super Audits managing director Naomi Kewley, non-geared unit trusts and companies must deal continually on an arm’s-length...
Government pushed on accountant voucher scheme
The shadow minister for small business, Brendan O’Connor, has now written to Assistant Treasurer Michael Sukkar, calling for the introduction of...
ATO approves $3.8bn in early access to super
Those applications are now with the superannuation funds, which have been given five business days to release the funds. “The average withdrawal...
Industry fund data suggests early super figures overblown
A survey commissioned by Industry Super Australia, which polled 1,100 people in the first two weeks of April, found that while 30 per cent of...
AASB appoints new chair
Assistant Treasurer Michael Sukkar announced the new appointment earlier this week, with Dr Kendall to replace Kris Peach, who filled the role...
ATO implements lodgement, payment deferrals
Following pressure from the accounting bodies, the ATO has said it is automatically applying lodgement and payment deferrals on company 2018-19...
ASIC disqualifies, suspends a number of SMSF auditors
The actions followed ASIC concerns about failures to meet independence and auditing standards, failure to comply with continuing professional...
