Business
Additional powers for ASIC, ACCC with unfair contract terms
The government has passed measures to give ASIC and the Australian Competition and Consumer Commission investigative powers over unfair contract terms.
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17 companies wound up, $600k entitlements to be recovered
ASIC has wound up 17 abandoned companies and appointed liquidators to allow employees to recover close to $600,000 in employee entitlements.
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e-Invoicing moves forward with trans-Tasman consultation paper
Treasury has released a discussion paper consulting on the e-Invoicing governance arrangements between the Australian and New Zealand governments, in a move touted as a �...
Accountants warned ahead of whistleblower regime
Accountants and tax agents have been urged to take note of their obligations under the incoming tax whistleblower regime, including possible criminal liability if they id...
“Treasure trove”: Accountants warned on data security
The accounting industry has been urged to ditch the ”she’ll be right” outlook towards data security as evidence points towards hackers increasingly identifying acco...
‘Our profession can demand a lot’: CA ANZ joins mental health debate
Chartered Accountants Australia and New Zealand is pushing for the role of accountants in the mental health of their clients to be recognised, and given a nod to further ...
Accountants drum up support for tertiary soft skill training
Tertiary education providers are again being urged to fill a growing skills gap by upping soft skills content for their students, as accountants increasingly find emotion...
Accountants urged to jump on advice ‘sleeper issue’
Accountants have been urged to explore opportunities in wealth advice in the wake of the royal commission, in spite of proposed education reforms for licensed accountants...
Calls for ABN to be linked to TFN as system set for reform
Australian business numbers should be linked to an entity’s tax file number, with the lodgment of tax returns and business activity statements as proof of verification,...
Director changes tabled, $1m fines floated for non-compliance
Draft legislation to introduce Director Identification Numbers has been released, with heavy civil penalties of up to $1 million to apply for non-compliance.
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ASIC cops it as royal commission report released
The royal commission’s scathing interim report prompted the federal treasurer Josh Frydenberg to slam ASIC’s weak response to misconduct by large financial services i...
Intuit credits mobile focus for 160k subscribers milestone
Accounting software provider Intuit has announced a 55 per cent growth in Australian subscribers for FY18, following on from its mobile strategy.
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