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.
ASIC enforcement on the rise
The ASIC enforcement update for January to June 2019 revealed that the commission has increased investigations by 20 per cent and increased...
Federal Government reveals timeline to implement its 54 banking royal commission recommendations
The final report from commissioner Kenneth Hayne made 76 recommendations, 54 of which were directed at the Government, which has been accused of...
Austrac flags tough action after being ‘flooded’ with money laundering breaches
Austrac chief executive Nicole Rose said the 2017 case against CBA over its mass breach of anti-money laundering and counter-terrorism financing...
Proposed tax debt disclosure set to put an end to ‘unofficial ATO bank’
The introduction of Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 has revived a measure seeking to allow...
ATO homes in on foreign income on the back of new data sharing deals
The Australian Taxation Office (ATO) is urging taxpayers who receive any foreign income from investments, family members or working overseas to...
Spate of terminations as TPB puts down a marker
The first case involves a tax agent company that had its registration terminated after the TPB’s Board Conduct Committee (BCC) found that it had...
Federal Court rules on personal services income cases
In Fortunatow v Commissioner of Taxation [2019] FCA 1247, the Federal Court allowed for the taxpayer’s appeal, setting aside the Administrative...
High Court rules ATO can use information from data leaks
The High Court has given the ATO the green light to use information obtained from data leaks, even if leaked from a law firm. The decision on...
IFAC acknowledges challenges faced by auditors of less complex entities
IFAC has issued a comment letter on International Standards on Auditing (ISAs) of less complex entities (LCEs), revealing its concerns about...
Labor builds pressure over franchising
The parliamentary committee's inquiry into franchising published its report into the sector in March but five months later the only...
