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.
SG amnesty for employers back on the table
On Wednesday, the government introduced Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 into Parliament, picking off from...
ATO opens consultations on proposed measures to counter illegal phoenix behaviour
The Australian Tax Office (ATO) has published a draft Practical Compliance Guideline (PCG 2019/D4) for consultation, explaining how the...
Big banks not keen on ACCC’s ‘deep dive’
Mr Sims wants the Morrison government to direct an inquiry into the big four banks so he can use forensic information-gathering powers to...
Government floats changes to downsizer contributions
The proposed changes, contained in the Treasury Laws Amendment (Measures for a Later Sitting) Bill 2019, aim to clarify a number of technical...
Property developer jailed for over $500k GST fraud
Sixty-five-year-old Allan Dalton, from Glen Waverley, has been convicted of obtaining and attempting to claim $479,714.84 in GST refunds on...
Trustees risk legal action from lack of investment strategy
In a recent blog post, the SMSF administrator’s head of SMSF technical and education services, Lyn Formica, said as developing an investment...
Industry funds push for fee overhaul as super complaints double
The Australian Financial Complaints Authority (AFCA) was launched last year and combined several external dispute resolution schemes including...
High Court refuses Commissioner’s residency appeal
The High Court has refused the Commissioner of Taxation’s application for special leave to appeal against the decision of the Full Federal...
AFCA to name and shame from October
The rules, which were approved by ASIC in August, will allow AFCA to publish the names of financial firms in all determinations. Read more at the...
Return of accountants’ exemption hits a snag
Last month, in its independent review of the Tax Practitioners Board, Treasury floated the return of the accountants’ exemption as one of seven...
