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 set to design out-of-office myGovID access control
With myGovID and Relationship Authorisation Manager (RAM) to replace AUSkey and Manage ABN Connections after 27 March, the ATO has heard...
Are superannuation funds turning their back on the environment?
The latest ACCR report compared the publicly available proxy voting records of 50 of the largest superannuation funds, looking at 135 climate...
ATO releases investment strategy guidance
In the guidance, released on the ATO website this week, the regulator said an SMSF’s investment strategy should be “your plan for making, holding...
TPB seeks feedback as part of its CPE review
"Tax practitioners have an obligation to maintain their CPE requirements and this is vital to ensure they continue to hold relevant and...
Attorney-General floats naming and shaming penalty for wage theft
Attorney-General and Minister for Industrial Relations Christian Porter today released a discussion paper exploring further changes to tackle...
ATO resolves errors in SMS alert service
Last week, the new SMS alert service was mistakenly triggering alerts for SMSF trustees upon lodgement of their 2019 annual return. Read more at...
The tax status of insured property payouts
In a new update, the ATO has advised that any insurance payout received for a family home or main residence is not taxable, and therefore don’t...
Australia not doing enough to counter money laundering, report finds
Although it is not traditionally regarded as a secrecy jurisdiction, Australia is ranked in 48th position in the 2020 Financial Secrecy Index out...
Company sustainability ratings to come under spotlight
The new product takes data from companies and financial reports to produce a rating designed to help financial professionals adhere to an updated...
Government silent on agent compensation, standard deductions
The government has finally tabled its response to the 13 recommendations listed in the House of Representatives Standing Committee on Tax and...
