Regulation

Regulation

CBA hit with record $10m fine for knowingly underpaying staff

Justice Bromwich of the Federal Court said the penalty amount will serve as a warning to financial companies with...

19 February 2024 • By Nick Wilson

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Regulation

ATO defends ‘strong’ GST fraud controls against ANAO criticism

The Tax Office says it is equipped to respond to fraud despite a critical report released by the national audit office...

15 February 2024 • By Christine Chen

Regulation

ATO needs active monitoring by oversight board: IPA

External supervision by a Tax Advisory Board is essential in the wake of the GST fraud response, says the accounting...

15 February 2024 • By Philip King

Regulation

Audit office damns ATO safeguards in wake of $2bn GST fraud

The Tax Office lacked the ability to respond to the widespread fake GST claims uncovered in late 2021, the Australian...

14 February 2024 • By Philip King

Regulation

Operators, accountant of Chapel Street bars fined $137k

La La Bar Group’s records were “grossly inadequate” but its director and manager showed no contrition or remorse for...

14 February 2024 • By Christine Chen

Regulation

Resort developer gets 10-year sentence for $15m tax fraud

Long-running ATO case dating back to the early noughties ends in jail term for conspirator who fled overseas.

13 February 2024 • By Philip King

Regulation

ATO expands employment tax crackdown through random audits

The novel tactic involves “all-encompassing” reviews of businesses’ PAYG, FBT and superannuation obligations, mid-tier...

13 February 2024 • By Christine Chen

Regulation

Stage 3 cuts to pass House, Senate greenlights ‘right to disconnect’

Revised tax cuts will pass the House of Representatives while the Senate has passed IR reforms including the right to...

09 February 2024 • By Christine Chen