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BlueRock appoints 2 new directors to boost R&D division
BlueRock has announced the appointment of two experienced directors to bolster the growth and development of its R&D and government incentives division.
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Federal Court hears ATO’s appeal of landmark Bendel decision
The Tax Office hopes to quash a tribunal ruling that cast doubt on how it treated unpaid trust entitlements for the past decade.
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ASIC to publish revised regulatory guidance for liquidators next month
An updated version of RG 16 will set out ASIC’s expectations for how external administrators and controllers should report possible offences and misconduct.
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APESB defers decision on CA ANZ request for new reporting
Requiring members of professional bodies to report wrongdoing committed by other members to the relevant body could result in unintended consequences, the Accounting Prof...
COSBOA program to address SME knowledge gaps with major IR changes
The advocacy group has launched the ‘Small Business Peak Program’ to help SMEs navigate the impacts the new industrial relations changes will have on how they operate...
Early super release scheme was ‘ineffective’, says e61 Institute
The ‘Early Release of Super’ scheme was not as effective as it was intended to be in stimulating spending, reducing financial stress, and improving wellbeing during C...
Liberal senator urges colleagues to join fight against TASA changes
Dave Sharma has highlighted the new rules’ impact on privacy and client relationships issues ahead of a crucial Senate vote.
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ATO warns businesses on looming TPAR deadline
The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9 million in penalties in the five years to 2023.
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New CBA collaboration will enable 60-second cross-border payments
A new cross-border payment collaboration between the Commonwealth Bank and The Bank of New York Mellon will allow Australian businesses and customers to receive payments ...
Submissions open for brand-new Commercial Finance Awards 2024
Accountants Daily is pleased to launch the inaugural awards, which champion members of the commercial finance industry.
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ASIC sharpens focus on greenwashing, super misconduct, AI
The watchdog’s new priorities aim to keep pace with rapid technological changes, demographic shifts, and increasing climate-related risks.
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‘Unjust’ foreign resident CGT changes could spook investors
Complex reforms broadening the regime without a transitional period make Australia a less attractive destination for business, The Tax Institute warns.
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Upcoming election to bring tax system ‘back in focus’: Tax Institute
Debate around the sustainability of the tax system is likely to heat up as the federal election draws closer, says The Tax Institute CEO Scott Treatt.
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SMC calls for ‘swift’ legislation of parental leave scheme
The Super Members Council has urged the government to swiftly legislate the bill to pay super on paid parental leave to help close the gender pay gap.
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ATO expands guidance on promoter penalty laws after new legislation
The Tax Office has revised its practice statement on the application of the promoter penalty laws following the passage of legislation in May.
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Tax agent and client hit with 5-year sentences for ‘cheating tax system’
A former tax agent and client have been sentenced to a combined 10 years and six months’ imprisonment for refund fraud and avoidance of income tax.
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Australian businesses face cash flow and credit challenges, survey reveals
Australian SMEs are dissatisfied with their current working capital and large businesses are struggling to access credit, according to the CreditorWatch Business Sentimen...
KPMG to provide $33k to the Griffith Tax Clinic
The big four company announced it will provide the Griffith Tax Clinic with $33,000 in funding to supplement critical community work.
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Is it time to talk about quotas in financial services?
An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas in financial services may now be warranted.
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Funding, resource shortages threaten TPB oversight
A growing workload from new obligations and the PwC probe strains the small regulator’s limited resources.
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