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.
Arguments continue over who’s allowed to play in fintech sandbox
In May 2017 the Turnbull government committed to relaxing rules for the so-called fintech regulatory sandbox, a program that is designed to make...
ATO turns focus towards ‘software one-stop shop’
Speaking on an ATO webcast, assistant commissioner Colin Walker said that with the rollout of online services for agents now nearly complete, the...
SMSF measures awaiting royal assent
Treasury Laws Amendment (2018 Superannuation Measures No.1) Bill 2019 was passed by parliament on 19 September and now awaits royal assent. Once...
ATO readies for ramped-up myGovID push
AUSkey is set to be phased out by March 2020, with myGovID and the Relationship Authorisation Manager (RAM) set to replace it as the new...
Change to vacant land tax rule could cost property owners
Already being considered by federal Parliament, legislation designed to deny owners of vacant land the ability to claim holdings costs such as...
Government’s proposed super amnesty extension applauded
After a year of uncertainty, the government has reintroduced legislation to establish a one-off amnesty for historical underpayment of...
Regulators lose again to major institutions
On Friday (20 September), Federal Court judge Jayne Jagot dismissed APRA’s efforts to ban former IOOF CEO Chris Kelaher and other executives from...
ATO confirms LRBA focus in diversification probe
In an update posted to the ATO website on Wednesday, the office confirmed that the 17,700 funds contacted as part of the diversification...
TPB terminates tax agent’s registration for serious Code breach
The Tax Practitioners Board (TPB) has terminated the registration of a tax agent, prohibiting them from reapplying under the Tax Agent Services...
Nowhere to hide on super non-payments as ATO lifts the lid
Accounting experts have warned bosses they now have nowhere to hide if they've underpaid staff superannuation entitlements, with the payroll...
