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  1. ATO signs $323m lease for purpose-built Barton building

    owners. The ATO confirmed the cost of the 15-year lease as $323,382,646 (GST inclusive). The ATO told staff about the move last Tuesday, 13 September. The 10-level building at 21 Genge Street which the ATO has occupied since 2007 has already been put on...

  2. Fair Work blitz forces farmers to digitise payroll

    Fair Work Ombudsman in September. It was just the latest in a blitz of almost 200 agribusinesses across four states since last December, which have revealed the difficulties farmers have in meeting payroll compliance requirements. For example, site...

  3. AICPA and CIMA set up inaugural Australasian committee

    the committee would advocate for its members in the region and continue to increase the scope of the association. “In the last couple of years, we’ve experienced steady growth, and we hope to continue on this path,” she said. “We have members and...

  4. Forget astronaut, every child should aspire to be an auditor

    professionals, the increasing demands are reflected in a net reduction in the number of registered auditors over the last decade or so. Add to this the need for auditors to embrace technology as part of the audit process and to expand their competencies...

  5. SMSF crypto assets soar to over $1bn

    the asset class from SMSF investors with the company set to add cyrptocurrency to its investment platform later this year. Last month, Crypto Tax Calculator chief executive Shane Brunette warned SMSF investors on the importance of undertaking thorough...

  6. Call to adopt EU data regs as Optus reputation dives

    Australia to adopt European Union-style data privacy laws including harsher penalties in the wake of the cyber hack on Optus last week that compromised the personal details of millions of customers. Fines under the EU regime would be “significantly”...

  7. ATO’s digital drive has global dimension, says Commissioner

    extra effort or intervention from them.” “The digitalisation of the economy has been accelerated through the events of these last few years, and has brought to the forefront the importance of global collaboration on digital technology and tools.” Mr...

  8. RBA announces October cash rate decision

    Oliver said inflation is high and still rising and that economic data apart from housing has been strong since the RBA’s last meeting. “After five rate hikes in a row the RBA should be slowing the pace of rate hikes to be able to assess the impact of...

  9. Deloitte acquires cyber consultancy team

    that is part of a global network of 16 operational hubs along with five more planned. Following its large-scale hack late last month, Optus appointed Deloitte to conduct an independent external review of the recent cyber attack, along with its security...

  10. Protect your firm from the effects of a cyber breach

    of cybercrime. It happens more frequently than you might think. In 2022, a ransomware attack occurred every 11 seconds. Last year, the ransomware industry shot up to $20 billion. Preparation is key. Businesses should assess their preparedness for a...

    • Type: Article
    • Author: Accountancy Insurance
    • Category: Technology

  11. ASIC outlines key strategies for crypto regulation

    trillion in the value of their holdings during the course of this year.” “Sadly, many of those investors whom ASIC surveyed last year — at what turned out to be the peak of crypto prices — have probably shared in these very significant losses.” Mr...

  12. Revenue ‘too reliant on income tax, with or without stage 3 cuts’

    billion in additional revenue over the next four years to be revealed in the October Budget.” “But this is likely to be the last budget to unveil an unanticipated write up in government revenue for the foreseeable future. Continuing to repair the budget...

  13. Tassie food outlets forced to back pay workers $120,000

    things are being found out.” The Launceston raids come after the FWO made surprise inspections on 48 food outlets in Darwin last month, revealing 479 staff had been underpaid by a combined $400,000. “The Fair Work Ombudsman will continue to prioritise...

  14. Preparation and speedy response key to cyber protection, experts say

    unduly alarm stakeholders.” Mr Zugec said all businesses would have to contend with cyber attacks in the future. “Over the last few years, we have seen an increase in hybrid attacks — this is a combination of an opportunistic attack where the initial...

  15. Productivity Commission warns against multi-employer bargaining

    and said it was just attacking workers. “The Productivity Commission are another politicised relic of the previous Govt. One last acts (sic) of Josh Frydenberg was to charge then with attacking workers rights. They have no idea how wages bargaining...

  16. Fee rise will cripple our grad program: internal audit body

    its functions with efficiency, accountability, and transparency in a timely manner,” said Dr Hendy. “Over the course of the last few years TEQSA has fallen short of sectoral performance expectations on various occasions.” “IHEA will continue to advocate...

  17. Introducing Shoebox Payroll; a Platform for Better Payroll Efficiency

    group of over 50 bookkeepers and accountants, here at Shoebox Books and Tax, we’ve come across plenty of clients over the last decade that have found themselves up late triple checking and finalising paycheques for their employees, wishing there was a...

  18. How to avoid the traps in TPD claims through super

    remains one of the most vital parts of the life insurance ecosystem. In fact, its importance has increased in the wake of last year’s changes to Individual Disability Income Insurance (the sustainability measures announced by APRA in September 2021)....

  19. For real, accountable feel-good, the buck stops with finance

    to be hit with a range of financial penalties. They include fines, higher insurance payments and reduced market value — the last courtesy of the fact that investors are becoming increasingly chary about putting their funds into firms that aren’t taking...

  20. Government ramps up director ID campaign as deadline looms

    quite likely that you’re a director, and you’ll need to apply for your director ID,” Mr Jones said. “Don’t leave it to the last minute — if you’re a company director you must apply by 30 November — so make sure you make time to get it done.” The...

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