Business
Gold Coast accountant in hot water over spruiking claims
A Gold Coast accountant has entered into an enforceable undertaking with ASIC, preventing her from providing financial services for three years, following SMSF spruiking ...
Poll shows over 80% of accountants favour a Liberal government
Less than one in five accountants believe a Labor government will deliver better tax policies for the country, new industry polling has revealed.
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Business registers, director identification numbers changes tabled in Parliament
The government has introduced a new bill aimed at modernising business registers, alongside a legal framework for the introduction of director identification numbers.
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Michael Cranston found not guilty on misuse of office charges
Former ATO deputy commissioner Michael Cranston has been cleared of charges relating to misusing his position to benefit his son and the Plutus tax scandal.
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SMSF, investment property spruiker faces court order
An adviser who spruiked SMSF establishments to his clients to facilitate the purchase of investment properties has been restrained by a court from carrying on a financi...
Fix funding holes before adding more regulators, government told
ASIC should be given additional funding to execute its job before a new oversight authority is introduced, says the Institute of Public Accountants.
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‘Particularly reprehensible’: Caps on tax affairs deduction slammed
Labor’s justification to install a $3,000 cap on managing tax affairs will go beyond its intended reach of wealthy clients, impacting how taxpayers deal with common com...
New bill targets corporate form misuse, insolvency advisers
The government has introduced new legislation aimed at curbing phoenix activity, including additional regulatory powers to prosecute directors and other professional advi...
Accountant-focused licensing providers see adviser spike
Despite some of the fears that FASEA will cause an exodus from the advice profession, particularly among accountants, many of the accountant-focused licensing providers ...
Major bank set to offer same-day lending for SMEs
In what it described as an attempt to support its small business customers, one of Australia’s largest banks has promised to overhaul its SME loans process, including o...
‘Utterly untenable’: Labor pushes back on franking credit inquiry
Labor has referred the chair of the Standing Committee on Economics to the Australian Federal Police over claims that he shared the personal data of voters with a fund ma...
‘No lay-down misère’: CPA to challenge RC report
CPA Australia has called for calm following the final report of the royal commission, noting how the current political and regulatory environment may yet play against the...
