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  1. Super tax singles out small group who played by the rules: CA ANZ

    from July 2025, would hit just one in 200 Australians and raise $2 billion in tax over four years. But CA ANZ superannuation leader Tony Negline questioned the fairness of the move. “The target of these changes is a relatively small number of people who...

  2. Flood-hit regions inundate AFCA with complaints about insurers

    with a 65 per cent increase so far this year to 17,163 compared with 10,417 at the same point in 2021-22. The AFCA’s lead ombudsmen for insurance, Emma Curtis, said the sheer number of complaints meant the process was slower than usual. “But we have...

  3. David Jones, Politix forced to back pay workers over $4 million

    salaries have become a persistent problem in many Australian workplaces, and breaches - if not quickly found and fixed - can lead to a substantial back-payment bill.” As part of the enforceable undertakings, the companies must back-pay the remaining...

  4. Repeal ‘perverse’ rules that put super at risk, Canberra told

    is our view that the government’s proposals will create considerable risk for many regulated superannuation funds and will lead to additional cost. The cost of imposing a requirement on trustees to determine an arm’s length shortfall amount, even if the...

  5. Jones appoints specialist digital exec to lead MBR review 

    Service NSW head has been tasked with assessing the business registers project. Experienced executive Damon Rees will lead the independent review of the Modernising Business Registers (MBR) program. Minister for Financial Services Stephen Jones said Mr...

  6. Six out of 10 employees distrust artificial intelligence

    to make AI safe, the study found, with many saying inadequate regulations had failed to keep up over the past two years. Lead partner at KPMG Futures James Mabbott said a lack of trust in organisations and the government was also influential. “A key...

  7. Nine in 10 bosses help staff battle cost of living

    to ensure employees are being supported,” said Mr Brushfield. “They know that not taking any measures is risky and can lead to the loss of great talent, particularly when they observe the ways in which other employers are supporting their staff.”...

  8. Deloitte acquires venture growth consultancy firm Glass

    exciting move.” “It’s a logical next step and a case of the right time and the right place.” Deloitte Consulting’s lead partner of strategy and business design Kellie Nuttall said the addition of Glass would bring further innovation expertise to the...

  9. Faster payments for SMEs spur Stripe, Xero partnership

    businesses in the current economic climate,” said Mr O’Neil. “We expect our continued emphasis on innovation with Stripe to lead to making payment experiences easier and help small businesses make better money decisions.” “We’re excited to deepen our...

  10. ‘Values-based capitalism’ needs quid pro quo for business

    government — of whole societies — don’t and shouldn’t permit one simple solution set.” CA ANZ superannuation and financial lead Tony Negline said trying to shift the purpose of private funds such as super would require them to also benefit. “It is...

  11. ‘Erratic’ valuation increases trigger huge leaps in NSW land tax

    in 2022–23, and over four years to 2025–26 it would generate an added $146 million. Mr Want said lowering the discount could lead to investors who previously took advantage of it holding onto their money for as long as possible. “The clients who have...

  12. Gig economy reporting regime ‘will expose tax underpayments’

    its sights on the $6.3 billion sharing economy. “We anticipate that the increased visibility of income data to the ATO will lead to the detection of many instances of potential non-compliance,” CPA Australia said in its submission on the matter. “In...

  13. Automation the answer to inflation, say Australian businesses

    the impacts of inflation, according to Grant Thornton’s International Business Report (IBR). Grant Thornton CMO and industry lead Fraser McNaughton said firms were responding to economic challenges — with inflation figures this week showing it hit 7.8...

  14. Guardian AIT decision leaves s100A questions hanging

    they can successfully argue there is no reimbursement agreement and, therefore, have no section 100A problem.” CA ANZ tax leader Michael Croker said the accounting body would be watching closely for the ATO’s response. “Guardian could be viewed as an...

  15. One more rate rise could tip us into recession, says Deloitte

    in the cash rate beyond the current 3.1 per cent could unnecessarily tip Australia into recession in 2023,” said the report lead author Stephen Smith. “On the RBA’s own figuring, mortgage repayments, including principal and interest, are already on...

  16. International tax reform could net annual gains of $220bn

    two-pillar system to address the tax challenges which arose from the digitalisation and globalisation of the economy would lead to greater taxing rights for market jurisdictions and a floor placed on tax competition said the OECD. Pillar Two would...

  17. A guide to the tax implications surrounding divorce settlements: 

    Divorces often lead to a number of tax implications, particularly when transferring real property from one party to another. If you have a client who is recently divorced or contemplating getting a divorce, then it is important to understand the tax...

    • Type: Article
    • Author: Justice Family Lawyers
    • Category: Tax

  18. ASIC commissioner exits before end of term

    11 months before his terms ends, after accepting a role as general counsel at asset manager Vanguard. Mr Hughes had been a lead voice on the issues of whistleblowers and audit quality. He has previously held several positions at ASIC, including senior...

  19. EY appoints finance high-flyer before split

    very relevant, and she will bring great insight into the split that EY is working through.” EY said it would name additional leaders to several positions across both the proposed post-split organisations in the coming weeks.

  20. William Buck director appointed to Governance Institute

    The leadership role will see him lead a council of 18 people to promote education and membership opportunities offered by the institute. William Buck director Jeffrey Luckins has been appointed as the Victorian State Council Chair of the Governance...

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