Regulation

Regulation

‘Freezing orders’ — commissioner’s recent win

This case is a reminder of the breadth of the debt recovery methods open to the commissioner, as discussed by KPMG’s...

15 May 2021 • By Jacqueline McGrath and Kristie Schubert, KPMG Australia

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Regulation

Government flags further insolvency reforms

Small businesses that operate through a trust will now be considered for further protection, as the government mulls...

04 May 2021 • By Jotham Lian

Regulation

ATO, TPB unveil new client verification standard

Tax practitioners will soon be required to sight two separate proof of identity documents when onboarding new clients...

30 April 2021 • By Jotham Lian

Regulation

Personal insolvency regulator sends independence warning to practitioners

Insolvency practitioners have been urged to steer clear of dual appointments, contentious referral relationships and...

28 April 2021 • By Jotham Lian

Regulation

Illegal early access scheme operator pleads guilty

A financial adviser who operated a scheme providing illegal early access to superannuation funds for his clients has...

22 April 2021 • By Jotham Lian

Regulation

Increase to CPE hours will lead to practitioner ‘haemorrhage’

The proposed tripling of continuing professional education hours for BAS agents will be “unlikely to be achievable in...

21 April 2021 • By Jotham Lian

Regulation

FSC pushes for financial advice reform

The Financial Services Council (FSC) is hoping to drive a massive simplification of advice in order to prevent it from...

19 April 2021 • By Lachlan Maddock

Regulation

JobKeeper ends but ATO audit activity on the program set to continue

Despite the conclusion of the JobKeeper wage subsidy program, the ATO is set to continue keeping a close eye on those...

14 April 2021 • By Roman Kaczynski & Rod Spicer