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  1. Grattan proposal raises ‘serious concerns’: auditing expert

    servants. They may have good intentions, but most have never sat with a retiree trying to figure out how to make their money last or how to plan for aged care.” However, Randeria said she does support some of the ideas the Grattan Institute proposed,...

  2. Why auditors are the guardians of trust in the age of AI

    and fast-moving artificial intelligence (AI), the role of the auditor is more vital than ever. Every Auditor Proud Day - the last Thursday in September - we celebrate a profession that modestly underpins the trust on which our financial and business...

  3. Tax Office, Victorian police seize 18k cigarettes, $100k in cash

    Crossing, Victoria. In a joint statement with the Victorian Police, the Tax Office said search warrants were executed last week at the suspected properties in Melbourne as part of Operation Beach, which saw the destruction of illicit tobacco crops with...

  4. The untapped strategic advantage of ethical culture for accountants, auditors

    must embrace an ethical culture as a strategic advantage and discouraged practitioners from having a compliance mindset. Last week, at the Ethics & Independence Conference, hosted by the International Code of Ethics for Professional Accountants, the...

  5. ASIC chair Joseph Longo to step down

    including a doubling of ASIC’s investigation numbers and a 20 per cent increase in civil enforcement proceedings over the last five years. ASIC had also received greater funding to stabilise critical business registers and produced landmark reports and...

  6. Son Pham – Managing Director

    current and aspiring commercial property investors. The course is open to both clients and the public. In its second intake last year, 71 students enrolled—resulting in a strong pipeline of qualified new enquiries. Inside Commercial Property Podcast:...

    • Type: Article
    • Author: Rethink Financing
    • Category: Profiles

  7. Avoid last-minute AML/CTF scramble, warns recruiter

    Simon Rippon, a recruitment specialist at Momenta, told Accountants Daily that firms that left AML/CTF compliance to the last minute could be left scrambling for talent and expertise by mid-next year. From 1 July 2026, accounting firms that provide...

  8. ‘Better nation, better conversation’: Spender, Richardson’s take on tax reform

    In the aftermath of the highly anticipated Economic Reform Roundtable last month, the conversation on tax reform is set to be “kept alive” by independent MP Allegra Spender. Federal member for Wentworth Allegra Spender is driving hard for the tax...

  9. ‘The hot topic’: Tax debt interest now under Ombudsman’s microscope

    debts. Owen said the remission of debt interest charges was a “hot topic” as her office had received 134 complaints in the last financial year regarding the ATO’s approach. “We’ve heard complaints about a general lack of consistency and transparency in...

  10. ‘Surrender rejected’: TPB denies tax agent’s attempt to quit

    lodged applications for renewal of registration and failed to declare they were an undischarged bankrupt or had been in the last five years. Code item two was breached by the tax agent failing to pay their taxation debts in their individual capacity and...

  11. 68% of accountants reject the idea of replacing workers with AI

    freeing up crucial time for higher-value advisory work. Following the results of this study, a panel at Xerocon 2025, held last week in Brisbane, urged small practitioners not to lose their ‘human edge’ when embracing new technologies such as AI. As...

  12. 1 in 2 Aussies use professional services providers, with accountants leading the way

    the highest rate of engagement out of the professional services, serving one in four consumers (26 per cent) over the last 12 months, Agile found. It noted: “This level of market penetration more than doubles the engagement rate of financial advisers at...

  13. Mining mogul gets 7-year prison sentence for $1.13m GST fraud

    mogul has been sentenced to seven years and 10 months in prison for obtaining $1.13 million in fraudulent GST refunds. Last Friday (5 September), WA mining mogul Adam Waterman was sentenced to seven years and 10 months in prison with a non-parole period...

  14. TPB terminates former PwC CEO’s tax agent status following tax leaks failures

    protections from corrupt contractors," Greens senator Barbara Pocock said. “The Australian Greens introduced a bill last week that would allow the Commonwealth to debar dodgy contractors, like PwC, from entering into government contracts and it would...

  15. Company auditor applies for registration cancellation: ASIC

    corporate regulator has accepted the cancellation of a company auditor’s registration for independence compliance failures. Last Friday (5 September), ASIC accepted the auditor registration cancellation of Allan William Donald, following a broader...

  16. Human rights advocates welcome proposed Whistleblower Ombudsman

    Last Wednesday, the government announced a new proposal to establish a Whistleblower Ombudsman in a bid to clarify and strengthen whistleblower protections. Public consultation on a fresh package of reforms to Australia’s whistleblower laws will open...

  17. ATO interest charges: matters of interest

    ATO that is not in dispute. As of 30 June 2024, collectible debt was $52.8 billion, and has increased substantially in the last few years. The policy change also sends a message that those who do not pay their tax on time should not gain advantage over...

  18. ‘You’re not an imposter; you’re an amazing accountant’: Xerocon panel

    way it presented itself for me was that when I started my business, I felt like I needed to be the first one there and the last one to leave. When it was identified as imposter syndrome, it was really helpful to know that I’m not the only one that...

  19. Aussie SMEs reflect stability in Q2 2025: MYOB

    throughout the second quarter of this year, however, gross value added (GVA) was 5 per cent lower than the same period last year. The findings showed the strongest performing sectors over the three-month duration were mining, public administration and...

  20. 1 in 5 SMBs spend a quarter of their time on financial admin

    This is a moment to bridge the gap.” Nearly one-third (27 per cent) of SMBs experienced issues with their cash flow in the last year, while 26 per cent have slow-moving growth plans. Concerningly, the report found that 55 per cent believe they’d be...

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