Regulation

Regulation

ATO cracks down on advisers abusing tax breaks for start-ups

Advisers are exploiting the early-stage investor tax offset through dodgy circular financing arrangements, the ATO has...

12 December 2024 • By Christine Chen

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Regulation

Social media scams dominate losses in 2024, ACCC finds

Scammers exploiting online platforms fleeced Australians out of $58 million, topping all other fraud categories.

10 December 2024 • By Christine Chen

Regulation

$10m tax scandal lands 6 fraudsters with combined 43-year sentence

Six men have been slammed with a combined prison sentence spanning over four decades for their involvement in a $10...

10 December 2024 • By Imogen Wilson

Regulation

GST fraudsters to face ‘full force of the law’: ATO

The Tax Office has the tools and resources to uncover even the most elaborate schemes, a deputy commissioner has warned.

06 December 2024 • By Christine Chen

Regulation

Tax agent cautioned over rogue employee’s $319k client refund theft

The TPB cited supervision failures and privacy breaches after an employee used the agent’s myGovID to misappropriate...

04 December 2024 • By Christine Chen

Regulation

Designer bags land woman behind bars in Operation Protego

An Operation Protego investigation has landed a luxury spender with a sentence of two years and eight months in prison.

03 December 2024 • By Imogen Wilson

Regulation

TPB issues warning on outsourced services and code changes

The regulator has stressed that firms using outsourced services will be responsible for the quality control of the...

03 December 2024 • By Miranda Brownlee

Regulation

Anti-money laundering reforms pass both houses

Accountants will need to prepare for new obligations under the expanded anti-money laundering and counter-terrorism...

29 November 2024 • By Miranda Brownlee