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.
AAT grants stay on Sydney agent’s termination decision
The Administrative Appeals Tribunal (AAT) has granted a stay on the Tax Practitioners Board’s decision to terminate the registration of S&T...
IFAC highlights the importance of accountants in driving economic growth, stability
In celebration of World Standards Day, the International Federation of Accountants (IFAC) has released a new report that includes data from over...
Accountant sentenced to house arrest for misusing client funds
Nicholas James Ellis has been sentenced to three years' imprisonment to be served by way of an Intensive Correction Order (ICO) for making false...
ASIC flags concerns with inappropriate SMSF set-up
In a statement released on Friday, ASIC commissioner Danielle Press said many consumers may be focusing too heavily on the benefits rather than...
Treasurer orders ACCC to investigate banks over rate cuts
Since the beginning of the year, the Reserve Bank has cut interest rates three times to a record low 0.75 per cent, however the big four banks...
ATO letter campaign around SG obligations set to debut
Following the introduction of Single Touch Payroll (STP) to businesses of all sizes, a proposed letter campaign for employers that have...
Pre-insolvency advisers plead guilty to money laundering
Stephen O’Neill and John Narramore of SME’s R Us have both pleaded guilty in the Brisbane District Court to one charge for dealing in the...
Penalty interest and TR 2019/2 in the context of SMSFs with LRBAs
Penalty interest ‘Penalty interest’ is defined in TR 2019/2 as follows: 'Penalty interest' is an amount payable by a borrower under a loan...
Concern raised on SA land tax reforms
REISA president Brett Roenfeldt said results from the body’s Land Tax Member Survey showcase apprehension with aspects of the proposed changes....
New super guarantee exemptions for high income earners available from 1 January
According to a new information sheet issued by the Australian Taxation Office (ATO), eligible individuals with multiple employers can apply to...
