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  1. Voice can enhance accounting profession, talent pool: CA ANZ

    proposal. CA ANZ dismissed member criticism that the issue fell outside its “advocacy wheelhouse” and hosted a discussion last week where all panellists agreed that the Voice would benefit the profession. Former High Court judge Kenneth Hayne said the...

  2. Draft law for $3 million super tax reveals exemption details

    to them as a payment for a personal injury at the end of the income year, or any year prior. Individuals who died before the last day of the income year. The EM confirmed that child recipients were to be exempted from Division 296 tax on the basis that...

  3. Online lodgement deferral system a hit with users, ATO says

    applications decreased from 1,900 at the end of June to just 370 at September, with some agents using both methods. Last week the ATO said it was dismantling what remained of the old process. “Following the successful implementation of the lodgement...

  4. ‘Expand FBT break to EV chargers, solar panels, batteries’

    and help Australia meet its net-zero targets. The government made EVs more affordable for businesses and households in July last year with legislation that exempts them from FBT when provided to employees, whether they are used for personal or work...

  5. Privacy Act to take in small businesses

    for private sector employees and for small businesses,” Mr Dreyfus said. “These next steps build on legislation passed last year which significantly increased penalties for repeated or serious privacy breaches, and provided the Australian Information...

  6. Why revised promoter penalties need clear boundary maps

    increase in maximum fines, exemptions for the provision of advice will have to work effectively. As I outlined in last week’s article, the current promoter penalty (PP) provisions have remained largely untouched since their introduction and have been...

  7. KPMG caught using secret ‘power maps’ to secure Canberra contracts

    Senators blasted KPMG's CEO for lying and breaching public trust after he denied his firm targeted officials based on their influence and relationship. KPMG CEO Andrew Yates has denied claims from senators that he lied about making “power maps”...

  8. Inflation rebounds on high petrol, energy prices

    transport and financial services. ABS head of prices statistics Michelle Marquardt said the result was an increase on last month’s 4.9 per cent figure but still reflected a decline from the peak of 8.4 per cent last December. Ms Marquardt said excluding...

  9. Inflation rebounds on high petrol, energy prices

    transport and financial services. ABS head of prices statistics Michelle Marquardt said the result was an increase on last month’s 4.9 per cent figure but still reflected a decline from the peak of 8.4 per cent last December. She said excluding volatile...

  10. Accountants sweat on ‘non-stop’ wave of ATO super audits

    superannuation contributions at unprecedented levels in the wake of criticism by the Australian National Audit Office (ANAO) last year, accountants say. They report a "huge" shift in superannuation audit volumes as well as a change in audit triggers and...

  11. TPB, ATO quizzed on whether PwC ‘too big to fail’

    imposition of an appropriate penalty because the market couldn’t cope. That’s a big problem for regulation.” An ASIC report last week confirmed that auditor numbers have fallen by one-third over the past decade, to just 3,268 at the start of September,...

  12. CA ANZ opens voting on revised conduct code

    As the body’s AGM looms, its annual report shows losses widened to almost $9 million last year. CA ANZ has opened the voting on changes to its professional conduct rules following a review earlier this year. Members can vote from today until 5pm AEDT...

  13. Sportsbet ‘induced my gambling’: accountant in $26m fraud case

    cross-country flights, VIP treatment, and corporate box seats at key events or headline races. A video obtained by Nine late last month shows Mr Carter on a night out with Sportsbet CEO Barni Evans, which was allegedly one of many interactions Mr Evans...

  14. Salary growth ‘line-ball with CPI’, accountants in lead pack

    figure was driven by a second month-on-month increase of 0.5 per cent, the largest rise in the Advertised Salary Index since last November, with accounting in a leading pack that also included community services, retail and trades. Seek senior economist...

  15. 1 in 2 retailers expect decline in margins over Christmas

    want to maintain profit margins.” In addition, fewer retailers expect an increase in online sales this year compared with last. “With customers returning to in-store experiences, the proportion of online sales over the holiday period have declined...

  16. ATO linking system takes giant stride into business

    trusts, partnerships, not-for-profits and superannuation funds. The six-step procedure, as outlined by the ATO late last year, prompted a storm of protest on social media and angry comments from Accountants Daily readers who described it as a “joke” and...

  17. Victorian ‘Airbnb tax’ misjudges landlords, experts say

    Statement came as the latest ASIC figures show construction insolvencies up 41 per cent this financial year compared to last.

  18. ASIC sues crypto exchange after customers lose $13m

    the assets they had as collateral. Although ASIC raised concerns with Bit Trade about failing to comply with the DDO in June last year, the product is still being offered to Australian customers without a TMD. The regulator now sought declarations,...

  19. Price of services will push up August CPI figure, NAB predicts

    in the cost of goods prices, says major bank. Inflation is likely to edge higher when services prices are updated for last month, NAB Group Economics says. It said the 4.9 per cent CPI figure for the year to July – a fall from 5.4 per cent in the...

  20. Price of services will push up August CPI figure, NAB predicts

    in the cost of goods prices, says major bank. Inflation is likely to edge higher when services prices are updated for last month, NAB Group Economics says. It said the 4.9 per cent CPI figure for the year to July – a fall from 5.4 per cent in the...

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