Regulation

Accounting bodies oppose increase to bankruptcy threshold

A rise in the default figure to $20,000 will fail to alleviate cost-of-living pressures, say CPA Australia and CA ANZ.

12 October 2023 • By Miranda Brownlee

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Business

Glimmer of hope in consumer mood, business cautiously confident

Interest rate rises have done more to dampen the confidence of consumers than businesses, according to surveys from...

11 October 2023 • By Christine Chen

Super

APRA plans to open the books on super fund spending

Published information would include donations to unions and political parties, as well as executive remuneration.

11 October 2023 • By Philip King

Regulation

PwC reforms a disproportionate response: CA ANZ

Draft laws proposed by the government in response to the PwC scandal will create an “uncertain and disruptive” period...

11 October 2023 • By Miranda Brownlee

Business

Contractor redefinition ‘undermines sole traders’

The Closing Loopholes bill would force companies to treat contractors like employees to the detriment of the smallest...

10 October 2023 • By Philip King

Regulation

5 most common fee disputes ‘could trigger refund action’

One of the proposed changes to CA ANZ conduct rules is open to abuse, webinar hears.

10 October 2023 • By Philip King

Super

Treasury opens consultation on payday super measure

Two models are put forward for the reform as well as revisions to the penalties for late payment.

10 October 2023 • By Miranda Brownlee

Business

Distressed small businesses flock to shelter of SBR

A spike in applications shows the scheme is gaining traction as a way to handle debts and remain operating, says...

10 October 2023 • By Philip King

Tax

ATO will dob in 9k businesses to credit agencies this month

With more than $5 billion owed by companies meeting the criteria for referral, the Tax Office is drawing a line in the...

09 October 2023 • By Philip King

Business

​​​​Small business struggles, but financial system resilient: RBA

The bank’s Financial Stability Review finds higher interest rates have hurt small businesses the most.

09 October 2023 • By Christine Chen

Tax

Victoria land tax ‘onslaught’ could spark investor exodus

The expansion of the state’s vacant residential land tax follows a string of recent property tax changes and hikes.

09 October 2023 • By Christine Chen

Regulation

PwC partners failed to self-disclose, CA ANZ admits

Members are required to report themselves for sanctionable conduct but none came forward, parliamentary inquiry hears.

09 October 2023 • By Philip King

Tax

ATO loosens constraints on client linking process

The window to complete nominations expands fourfold and a report feature details linking requests, the Tax Office says.

09 October 2023 • By Philip King

Regulation

ChangeGPS sounds alarm over clause in CA ANZ conduct rules

Members could be forced to refund or waive fees to a client under one resolution currently up for vote, the software...

09 October 2023 • By Philip King

Business

CEOs confident despite economic headwinds, survey finds

Local bosses cite cyber crime, the cost of living and trade regulations as key threats to growth, KPMG says.

06 October 2023 • By Philip King

Tax

Former students caught out by HECS index and complex rules

Accountants say first home buyers and those living overseas are struggling to manage their obligations.

06 October 2023 • By Christine Chen

Regulation

Monash Uni loses appeal to rewrite staff agreements, dodge $9m bill

UPDATED: The university wanted to classify all student consultations within a week of lectures and tutorials as unpaid...

06 October 2023 • By Christine Chen

Business

Scrap ‘problematic’ accountants’ certificates, Canberra told

The documents are no longer fit for purpose and create increased litigation risk for accountants, three professional...

06 October 2023 • By Miranda Brownlee