Further guidance needed on material loss issue
The definition of what constitutes a material loss or damage remains an unresolved issue with the significant breach reporting requirements.
REGULATION • Fri, 24 Jan 2025
Lessons from the landmark Cheung case
The recent decision, Cheung v Commissioner of Taxation, reaffirms the principle that familial gifts, when substantiated, cannot be arbitrarily reclassified as income.
TAX • Wed, 11 Dec 2024
The road ahead for tax reform
Allegra Spender is aiming to tackle the tax reform issue head-on with the release of her Tax Green Paper, but will tax reform remain stuck in its stagnant state?
TAX • Fri, 06 Dec 2024
40 years in the tax profession
In the second part of this series, John Jeffreys explores what has changed in accounting over his 40 years in the profession.
BUSINESS • Thu, 31 Oct 2024
Opportunity to rectify problematic PSI rules slipping past
The submissions in response to PCG 2024/D2 only lightly address the major concerns surrounding the PSI legislation and all of the ATO's related rulings.
REGULATION • Fri, 25 Oct 2024
John Jeffreys reflects on what has remained the same during his 40 years in the accounting profession despite some major changes over the years.
BUSINESS • Thu, 17 Oct 2024
Amended version of section 15 still problematic for profession
The proposed changes to section 15 of the Code of Conduct instrument make some improvements to the former wording but cannot be claimed as a victory for the profession
REGULATION • Thu, 03 Oct 2024
Is the Commissioner’s speech a turning point for the profession?
Rob Heferen’s recent speech at the Tax Institute suggests a positive shift in the way the ATO views the tax profession.
REGULATION • Fri, 20 Sep 2024
What PCG 2024/D2 means for small businesses
Thousands of small businesses could be hit with higher tax following the recent ATO guideline.
TAX • Fri, 06 Sep 2024
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