Regulation

Regulation

Senators brand CA ANZ’s big 4 regulation an ‘absolute failure’

The accounting body has admitted the PwC partner responsible for the tax scandal falls outside of its by-laws during a...

26 February 2024 • By Christine Chen

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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

Regulation

ATO mulls delaying GST refunds to weed out bogus claims

Commissioner Chris Jordan has told Senate estimates that tight turnaround times hamper the Tax Office’s ability to...

16 February 2024 • By Christine Chen

Regulation

Tax Institute pushes for greater transparency on unregistered entities

Unregistered entities found to be in breach of the TASA should be included on the Tax Practitioners Board Register,...

15 February 2024 • By Miranda Brownlee

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