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.
TV presenter jailed for GST fraud of $1.7m
A former TV presenter and beauty queen, Simone Semmens, has been accused of failing to register for GST and lodge BAS despite flipping properties...
$10,000 cash ban or not, large cash payments remain under scrutiny
The Senate economics committee is currently considering final submissions on the Restrictions on the Use of Cash Bill, which passed the House of...
ATO online BAS check to debut in 2020
The ATO is currently developing the new online BAS check, a program that aims to identify activity statements at risk of being lodged with a...
Super chiefs to face grilling over ‘zombie’ funds and underperformance
The figures, due to be released by Industry Super Australia on Thursday, show more than 1.5 million members' accounts with under $6000 in them...
0-100% asset ranges ‘not acceptable’: ATO
Speaking to SMSF Adviser, ATO assistant commissioner Dana Fleming said it was important for trustees to note that they had a legal requirement to...
Government wants more super fund mergers
In her role as Assistant Minister for Superannuation, Financial Services and Financial Technology, senator Jane Hume was addressing the...
AAT reduces agent’s registration disbarment period
The Administrative Appeals Tribunal (AAT) has reduced the period in which a terminated tax agent was prohibited from applying for registration...
Unregistered preparer obtained $110k using myGov access
Posing as a tax agent, Benjamin Cox lodged over a thousand individual tax returns using each taxpayer’s personal myGov access. Read more...
ATO reports $20.8bn in lost super across Australia
ATO assistant commissioner Graham Whyte said that last year over 540,000 active, lost and unclaimed super accounts worth more than $4.4...
Former tax agent fails to overturn TPB termination after 6-year litigation
The TPB terminated Mr Frugtniet’s registration in January 2013 and precluded him from applying for registration for five years on the basis that...
