Business

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.

20 December 2023 • By Christine Chen

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Appointments

Treasury ‘strengthens’ BoT with 2 appointments

Vacancies opened after two PwC-affiliated board members departed earlier in the year.

19 December 2023 • By Christine Chen

Regulation

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.

19 December 2023 • By Philip King

Regulation

Sydney cafe fined $124k for underpaying casuals

The court said “substantial” penalties were necessary after the brother and sister duo “deliberately” underpaid staff...

18 December 2023 • By Christine Chen

Tax

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...

18 December 2023 • By Philip King

Super

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...

18 December 2023 • By Keeli Cambourne

Regulation

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...

18 December 2023 • By Christine Chen

Tax

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.

15 December 2023 • By Philip King

Technology

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...

15 December 2023 • By Christine Chen

Business

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.

14 December 2023 • By Philip King

Business

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...

14 December 2023 • By Christine Chen

Business

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...

14 December 2023 • By Philip King

Tax

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...

14 December 2023 • By Philip King

Appointments

Legal high-flier to take reins at CPA Australia

Baker McKenzie regional chief Chris Freeland will replace Andrew Hunter next March.

13 December 2023 • By Philip King

Regulation

‘Brazen’ unregistered tax preparer fined $230k, banned for life

Perth woman broke the TASA on more than 500 occasions and exposed clients to unpaid taxes and penalties.

13 December 2023 • By Philip King

Business

Healthcare, public admin firms ‘fail at double rate of last year’

CreditorWatch data shows private companies operating in sectors with government involvement are going broke the...

13 December 2023 • By Philip King

Business

Regional SMEs ‘fret over financial health, inflation’

A “yawning financial gap” has opened up between metro small businesses and their country cousins, survey finds.

15 December 2023 • By Philip King

Super

$3m super tax ‘will be devastating to farmers’

The SMSFA says claims by big super that just one in 100 funds have farm income fails to reflect reality.

13 December 2023 • By Philip King