Regulation

Director cops 1.5-year ban for failed companies owing $9.5m

Four businesses in the food services sector collapsed at the tail end of the pandemic.

11 December 2023 • By Philip King

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Regulation

CPA Australia’s ‘final round’ of job cuts claims 4

“Years of expertise” depart with yesterday’s redundancies, which the body says completes its restructuring.

08 December 2023 • By Philip King

Super

ATO disqualifies 223 SMSFs trustees

Hundreds failed to comply with super laws or raised concerns about their suitability, the office says.

08 December 2023 • By Keeli Cambourne

Tax

ATO will scrutinise fine print in employee v contractor issues

The Tax Office outlines its long-awaited compliance framework for differentiating between an employee and a contractor.

08 December 2023 • By Christine Chen

Tax

Agribusiness guide update covers latest tax, legal issues

Law firm Cowell Clarke has revised its popular handbook for regional advisers.

08 December 2023 • By Philip King

Technology

Airwallex tackles challenge of KYC with gen AI

The cross-border payments facilitator says it has accelerated its onboarding process by 20 per cent by applying the...

08 December 2023 • By Christine Chen

Appointments

Chalmers names ‘tax expert’ Rob Heferen as next commissioner

Incoming ATO chief replaces decade-long incumbent Chris Jordan in March.

07 December 2023 • By Philip King

Regulation

Jones creates fee-free adviser category for banks, super funds

Government reforms aim for simple guidance at scale without “unnecessary red tape”.

07 December 2023 • By Philip King

Business

90% of SMEs to dial back borrowing in 2024, survey finds

Higher borrowing costs and living pressures have prompted small and medium businesses to adopt a raft of conservative...

07 December 2023 • By Christine Chen

Tax

ATO waives $48m under lodgement amnesty

Small businesses only have until the end of December to take advantage of the scheme, the Tax Office warns.

07 December 2023 • By Philip King

Business

Business confidence plummets, two-thirds gloomy about 2024

The November rate rise confirmed a record run of pessimism, the latest Roy Morgan index shows.

07 December 2023 • By Philip King

Regulation

CPA Australia ‘descends into chaos’ as exec quits after 3 months

Head of the key Learning and Innovation group walks on the eve of next wave of job cuts.

06 December 2023 • By Philip King

Business

Scammed Tassie firm recovers $150k in AFP ‘money mule crackdown’

Police have arrested 18 alleged “money mules” across the country for their role in laundering $2.6 million of cyber...

06 December 2023 • By Christine Chen

Regulation

Name-and-shame regime to clamp down on late payers

The government will implement all the recommendations of the Payment Times Reporting Scheme review, minister says.

06 December 2023 • By Philip King

Regulation

University wage theft balloons to $159m

The widespread use of casual workers has enabled “rampant” underpayments across all major universities, the NTEU said.

06 December 2023 • By Christine Chen

Business

Holiday sales, January CPI ‘critical’ to RBA’s next move

Commentators are divided over whether the bank has done enough to rein in inflation after holding rates at 4.35 per...

06 December 2023 • By Philip King

Business

RBA holds the cash rate steady at 4.35%

Below-trend growth and the impact of last month’s raise means steady as it goes.

05 December 2023 • By Philip King

Tax

ATO pursues Coca-Cola for $174m diverted profits tax

The Tax Office’s arguments echo those raised in its landmark win against Pepsi last week.

05 December 2023 • By Christine Chen