Regulation

Business penalised $90,000 for underpaying workers

The commercial laundry business was found by the FWO to have underpaid 22 workers across four locations nationally.

30 January 2023 • By Josh Needs

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Super

TBC increase to add further complexity, advisers warned

With the general transfer balance cap set to increase to $1.9 million from 1 July, the SMSF Association has...

30 January 2023 • By Josh Needs

Business

Automation the answer to inflation, say Australian businesses

While overall business confidence dropped 17 per cent from the first half of 2022, more businesses are investing in...

27 January 2023 • By Josh Needs

Business

Protect migrant workers from exploitation, government told

As a key part of the answer to the skills shortage, COSBOA believes more must be done to maintain trust in the visa...

27 January 2023 • By Josh Needs

Business

RBA rise ‘more likely’ after 7.8 per cent CPI result

However, home builders are encouraged by the first signs of slower increases in the costs of labour and raw materials.

27 January 2023 • By Philip King

Business

Fuel, travel and housing drive inflation to 30-year high

The ABS figure for the December quarter pushes annual figure to 1990 level.

25 January 2023 • By Philip King

Tax

Guardian AIT decision leaves s100A questions hanging

Federal Court clears up doubts over reimbursement agreements but leaves a core question untouched.

25 January 2023 • By Philip King

Super

NALI proposal to impose 225% tax rate for general expense breaches

While the super industry has welcomed government consultation on the NALI provisions, there are concerns the proposals...

25 January 2023 • By Josh Needs

Regulation

FWO targets crane and transport businesses

The ombudsman secured penalties of almost $19,000 against a crane company and seeks $10,000 against a transport firm.

25 January 2023 • By Josh Needs

Business

Pay secrecy law reform a ‘positive first step’, says KeyPay co-founder

As the topic of remuneration becomes less taboo it should help reduce gender pay gaps, he says.

25 January 2023 • By Josh Needs

Appointments

Grant Thornton reveals slew of additions and changes

The firm has appointed two partners along with existing partners taking on supplementary roles.

25 January 2023 • By Josh Needs

Tax

Federal Court decides Guardian AIT appeal on s100A

Long-awaited decision leaves a central question about “ordinary family or commercial dealings” unaddressed.

24 January 2023 • By Philip King

Super

Treasury consults on non-arm’s length expense rules

The government has now released consultation on options for amending the non-arm’s length income provisions for super...

24 January 2023 • By Josh Needs

Regulation

Former PwC partner banned for sharing secret Treasury docs

Clients and other staff were given confidential information about impending changes to multinational tax rules.

24 January 2023 • By Philip King

Super

Beware promoters of early super access schemes, ATO warns

Vulnerable people are targets for scammers offering to help set up an SMSF as a way to get a hold of savings illegally.

24 January 2023 • By Miranda Brownlee

Appointments

Tax Institute appoints Marg Marshall 2023 president

The experienced technical advice specialist plans to develop the institute’s education and resources.

24 January 2023 • By Philip King

Regulation

Unfit-for-purpose insolvency law needs complete overhaul: ARITA

Australia needs a simplified system with a single regulator for both company and personnel bankruptcy, says...

24 January 2023 • By Philip King

Business

Grant Thornton polices Women’s World Car of the Year vote

Audit firm will guarantee accuracy of process involving dozens of female motoring journalists from across the world.

23 January 2023 • By Philip King