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.
Large corporate tax receipts up by $6.6bn
The ATO’s fifth annual report on corporate tax transparency shows that 2,214 of Australia’s largest companies paid $52.3 billion in income tax in...
SMSF scheme promoter slapped with $220k fine, banning
The court heard that Kalangalupe Pavihi had contravened section 68b(1) of the SIS Act through assisting 68 individuals in the establishment or...
Worst performing superannuation funds exposed by APRA ‘heatmap’
In what has been coined "D-day for dud funds", the Australia Prudential Regulatory Authority's "heatmap" analysis of the worst-performing super...
ATO to ‘hand-hold’ larger firms through myGovID transition
From 1 April 2020, myGovID and Relationship Authorisation Manager (RAM) will replace AUSkey as the new secure login service. Read more at...
ASIC aims to provide clarity on credit with responsible lending update
After a lengthy review, the Australian Securities and Investments Commission (ASIC) on Monday released a 96-page document setting out updated...
Advisers put on notice by ASIC around timeshare schemes
The research from ASIC’s Report 642 involved in-depth interviews with 50 consumers who had all received personal advice to purchase timeshare...
Government reintroduces proposed changes to R&D Tax Incentive
The proposed measures reintroduced in this bill will amend the available tax offset rates so that entities with aggregate turnover of less than...
Bill denying non-residents main residence exemption passes Parliament
The Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 made it through the Senate on Thursday and now awaits...
Tax incentives up for grabs in 2020: Assistant Treasurer
“The Treasurer and I are, for next year’s budget, examining a range of incentives and options through the tax system to really catalyse and...
Sydney-based thieving fake tax agent sentenced to prison
Benjamin Cox, a 33-year-old Sydney man, pretended to be a tax agent to more than 1,000 people, charging $100 for his services and using their...
