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

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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

Technology

Cyber start-up Trustmi launches bank account validation tool

Conventional methods for validating vendor payments fall short, it says.

13 December 2023 • By Christine Chen

Technology

Retailers ‘must raise cyber game to win holiday shoppers’

Fears of online fraud peak during the festive season, a survey finds, with only 9 per cent of consumers saying they...

13 December 2023 • By Christine Chen

Business

Migration strategy aims to fix ‘broken system’

A core list of occupations in demand combined with a new visa would help bring in the arrivals the nation needs, Home...

12 December 2023 • By Philip King

Regulation

Cairns woman gets 3 years’ jail for $283k GST fraud

Deborah Martin pleaded guilty to filing fraudulent BAS in the latest win for the ATO’s Operation Protego.

12 December 2023 • By Philip King

Regulation

Canberra scales up TPB sanction powers, penalties

Forging ahead with its response to the PwC tax scandal, the government proposes introducing a wider range of civil and...

12 December 2023 • By Christine Chen

Regulation

Code of conduct aims to tighten ethical standards

Draft provisions from the Assistant Treasurer include measures on integrity, conflicts of interest and confidentiality.

11 December 2023 • By Philip King

Technology

Zeller corporate card ‘pain relief’ for expense control

The banking disruptor for businesses claims the cards are “expense management your finance team will love”.

12 December 2023 • By Christine Chen

Business

Late payments threaten 4 in 5 businesses: CreditorWatch

Holiday period looms as critical for companies already facing a slowdown, survey finds.

11 December 2023 • By Philip King