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St Vincent’s back pays staff $4.4m after ‘payroll errors’
The health business self-reported to the FWO after discovering underpayments to around 2,700 staff.
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AFP distributes decryption key to thwart Russian cyber crims
Ransomware group BlackCat has targeted dozens of local operations but the FBI came up with a fix, the AFP says.
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Commissioner’s remedial power ‘underused, invisible’
Complex tax law throws up unintended consequences but few people know about the power devised to solve the problem, the IGTO says.
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Concessional caps likely to rise in FY24–25, CFS predicts
Recent wage rises could trigger an increase in the concessional and non-concessional caps for super next financial year, according to technical experts.
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SME wages fall for first time in 6 months
Employment Hero calls for an end to rate hikes after payroll data showed easing pressures in the labour market.
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AusPost to refund $2.9m for lost, damaged parcels
The national mail carrier and its subsidiary StarTrack committed “extremely concerning” breaches of consumer guarantees over four years, the ACCC says.
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Top execs at fault for 'accounting body turmoil’
Members are rightly upset at CA ANZ and CPA Australia's mounting problems, a governance expert says.
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Treasury ‘strengthens’ BoT with 2 appointments
Vacancies opened after two PwC-affiliated board members departed earlier in the year.
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Two men get 8 years’ jail for $40m gold bullion fraud
An ATO-led investigation uncovered false claims for GST credits in a gold recycling scheme.
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Sydney cafe fined $124k for underpaying casuals
The court said “substantial” penalties were necessary after the brother and sister duo “deliberately” underpaid staff at The Noshery Cafe in Glebe.
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ATO warns advisers against suspect R&D tax claims
Spending by associated entities or activities conducted overseas will be subject to increased scrutiny, the Tax Office says.
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SMSFA laments ‘accountants out in cold' in QAR reforms
The limited licensing model is “dying” with fewer than 600 accountants now operating under the scheme, the association says.
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Bank watchdog slams 40% rise in hardship safeguard breaches
The “alarming” surge in banks failing to support customers facing financial difficulties erodes trust and confidence in the banking industry, it says.
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Tax ombudsman launches probe into how ATO handles identity theft
The IGTO calls upon practitioners to detail their experiences of unauthorised access to the tax system.
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Zeller pitches savings account into ‘gaps left by banks’
The fintech has rolled out five products in the past five weeks, a pace it claims is “unmatched” by any other bank in the world.
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Jobless rate up to 3.9%, ‘hints of softer labour market’
Unemployment has risen from its low last November and the growth in monthly hours worked is slowing, ABS data shows.
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Rein in levies or risk ‘death by a thousand micro-taxes’
The Productivity Commission says governments tend to “set and forget” industry levies, causing them to increase tenfold in the past few decades.
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Budget update benefits from $66bn in extra tax receipts
The revisions include a modest deficit next year and almost $40 billion in improvements out to 2026-27, the Treasurer says.
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Raft of revenue tweaks in MYEFO to raise millions
Changes to interest deductibility, taxes, thresholds and even passport fees made up the fineprint of the mid-year economic update.
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Legal high-flier to take reins at CPA Australia
Baker McKenzie regional chief Chris Freeland will replace Andrew Hunter next March.
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