Business

RBA raises rates for a fourth month in a row

The low unemployment rate forced the bank’s hand, says CreditorWatch economist.

03 August 2022 • By Josh Needs

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Business

RBA announces August rate rise

Official interest rate goes up for the fourth consecutive month.

02 August 2022 • By Josh Needs

Regulation

ASIC circles former auditor over failure to comply with standards

A former auditor has landed in hot water after failing to comply with a number of auditing standards.

02 August 2022 • By Emma Musgrave

Regulation

Australia’s leading financial bodies agree on climate reporting

The group that includes CA, CPA and IPA has welcomed the environmental focus of the ISSB draft sustainability standards.

02 August 2022 • By Josh Needs

Business

EY acquires NZ technology consulting firm

The move continues the firm’s rapidly expanding presence in the market, says EY.

02 August 2022 • By Josh Needs

Business

Building industry ‘needs legal scaffold’ to trade through crisis

State-based licensing means troubled construction firms are caught in a catch-22.

02 August 2022 • By Philip King

Business

CFOs on recruitment drive refuse to lower the bar

CPA or CA accreditation remains a must-have for employers – along with a host of other skills, says Robert Half.

01 August 2022 • By Josh Needs

Business

‘Dark days loom’ for SMEs near the brink

A perfect storm of economic challenges confronts small business and it’s only a matter of time before insolvencies...

01 August 2022 • By Philip King

Tax

Few will benefit from FBT exemption for EVs

Figures suggest the measure will reduce the cost for just a few thousand owners a year, says IPA.

01 August 2022 • By Philip King

Tax

Federal Court stops fake tax agent

Unregistered practitioners put clients at risk of having to pay thousands in penalties, says TPB.

01 August 2022 • By Josh Needs

Regulation

Revised advice regime will be ‘one size fits all’

The head of the Quality of Advice Review says her preferred approach rules out exceptions.

29 July 2022 • By Miranda Brownlee

Regulation

ASIC reveals $115m rise in civil penalties

The commission charged six more individuals but laid 11 less criminal charges compared to the first six months of 2021.

29 July 2022 • By Josh Needs

Business

Too many staff discouraged from remote working: CPA Australia

Survey finds an “alarming” number of employers fail in duty of care.

29 July 2022 • By Philip King

Business

Small business ‘boosted by EOFY debt paydown’

Jobs growth and reduced payment delays push Xero’s index to a record.

29 July 2022 • By Josh Needs

Regulation

Australia’s anti-money laundering rules ‘third world’

Tranche 2 regulations cannot come soon enough, says First AML manager.

28 July 2022 • By Josh Needs

Regulation

Labor moves to tighten rules on unfair contracts

The increased protection takes in more small businesses and introduces civil penalties.

27 July 2022 • By Philip King

Tax

ATO gives green light to lodge returns

With data collection complete for form prefills, the office welcomes tax lodgements.

28 July 2022 • By Josh Needs

Regulation

CA ANZ member abandons campaign against board

An attempt to rally support for a spill motion at the upcoming AGM has lost its outspoken leader.

28 July 2022 • By Philip King