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  1. Dixon Advisory clients told to act quickly on claims

    complaint with the AFCA as soon as possible to be eligible for compensation under a potential future Compensation Scheme of Last Resort scheme, ASIC said. ASIC said it would write to clients informing them of the chance to claim after banning Dixon...

  2. Turn your firm into a hybrid vehicle

    (a whole different topic and set of skills) and financially through self-managed super, estate planning and trusts. Last, teach them how to get their finances in order. Boring but vital things like normalising the profit of the business, removing any...

  3. Class appoints four extra general managers

    great talent to our business.” The four appointments are Gary Cox, Tracy Williams, Tom Sargent and Jo Hurley, with the last the sole non-internal promotion. Previously head of business services, Mr Cox is now a general manager of Class putting him in...

  4. RBA announces August rate rise

    RBA's rise is focused on the supply side inflation rather than demand side. "The economic update provided by the Treasurer last week pointed to inflation peaking toward the end of the year, at near 8 per cent, before starting to fall in 2023," said Ms...

  5. EY acquires NZ technology consulting firm

    team to our existing New Zealand financial practice, along with a number of other significant hires and promotions over the last six months, means we are rapidly expanding our presence in the market and continue to bring our financial services clients...

  6. Few will benefit from FBT exemption for EVs

    of technical policy Tony Greco said, with supply issues one critical factor in crimping sales. Introducing the measure last week, climate change and energy minister Chris Bowen said it would save an employer providing an EV costing $50,000 up to $9,000...

  7. Federal Court stops fake tax agent

    from acting unlawfully and putting consumers at risk,” he said. “We expect to build upon the success of cases we litigated last year, which included 219 cases of complaints about unregistered preparers who are failing to provide legal and ethical advice...

  8. Careful with that banking app!

    for cyber criminals, particularly in Australia: two-thirds of Australians now use banking apps to manage their finances and last year this overtook internet banking as the most popular method for the first time. It’s no coincidence, then, that online...

  9. ASIC reveals $115m rise in civil penalties 

    as well. Corporate governance enforced outcomes are one of the few outcomes that have increased this year when compared to last. This year ASIC has already had outcomes of 36 corporate government issues with auditor misconduct being the most frequent...

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

    in very few people are actively going to do everything they need to,” he said. “There has definitely been a change in the last year or two as people are more aware of this. “It’s in the public forum now you’ve seen Star and Crown be dragged through the...

  11. CA ANZ member abandons campaign against board

    he was abandoning the campaign and had apologised to the CA ANZ chairman and chief executive over critical comments reported last week. The comments were motivated by CA ANZ’s handling of the KPMG exam cheating affair, which Mr Alizzi described as “the...

  12. Payment redirection scams cost SMEs $7m, warns ASIC

    of payment redirection scams after the ACCC revealed micro and small businesses had been affected by them the most in the last year. In 2021 ACCC’s Scamwatch received 3,624 reports from businesses regarding payment redirection scams with $13.4 million...

  13. Skills shortage driving SMEs to the brink, says Insolvency Australia

    With supply chain problems and rising inflation, an inability to find workers is the last straw for many. The nationwide skills shortage is becoming a key factor in forcing businesses into insolvency with SMEs hardest hit, said Insolvency Australia....

  14. Two food outlets fined for underpaying casuals

    Judge Brown said. It is the second time the FWO has secured a penalty in court against Mr Andary following a $3,500 fine last year for underpaying another worker formerly employed at Valley Pizza. The FWO has also secured court orders for nearly $9,000...

  15. Outraged CA ANZ member plans AGM assault on board

    are believed to have been sent letters by the body raising sections of its professional code which they did not comply with. Last week just eight unnamed members were sanctioned and in response to criticism CA ANZ issued a statement in defence, reported...

  16. Effective leadership the key to staff retention and attraction

    about the things that matter to them,” said Ms McAuliffe. “This has never been more true than during the uncertainty of the last two years.” “If leaders aren’t natural communicators, developing skills in this area needs to be a top priority.” HR...

  17. Can accountants break the 9-to-5 office habit?

    took some time at home to manage her children’s schedule on school holidays. The result? The most profitable week of the last six years with record billings. My team has seen and reaped the benefits of flexible working. Sure, it’s not always easy to be...

  18. Queensland to slug landowners Australia-wide

    for the first time. The general manager of technical policy at the IPA, Tony Greco, said awareness of the measure, flagged last December and inked in the recent state budget, was low and most investors would be surprised by their next land tax bill. He...

  19. Angry members slam ‘shameful’ CA ANZ discipline secrecy

    five years, were widely known but ignored until an investigation in the US by the Public Company Accounting Oversight Board last year. “I’m surprised CA ANZ did anything – I assume the US investigation forced their hand,” said another anonymous...

  20. AFCA reports significant drop in inappropriate advice claims

    service had seen a sharp rise in complaints about general insurance in a period that included an earthquake in Victoria last September, followed by catastrophic storms and flooding across southern states last October and in South-East Queensland and...

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