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  1. First female CEO appointed to Office of Financial Management

    as the South Australian Government Financing Authority and Hall Advisory. “Ms Hughes has more than 20 years’ experience as a leader in both the public and private sectors, holding senior roles in finance throughout the Asia-Pacific and in the South...

  2. What the FTX fallout means for accountants

    control over their assets. “Although this solution is effective at removing the counterparty risk of the exchange, it does lead to a new set of risks that investors should educate themselves on. Crypto investors who self-custody will need to educate...

  3. Perth cafe issued with more than $190k in penalties 

    about payment to the inspectors. “Anything you say about me or the company about not paying according to award wage can lead to a heavy fine and closing of this business. This is very serious … if you say the wrong thing we will all be out of a job,”...

  4. Four essential functions for any ambitious finance team

    flow at the heart of the finance function, any future plans must be backed by sound financial input. Fortunately, finance leaders have a growing selection of tools and technology to provide detailed business insight enabling the right decisions for...

  5. SMEs ‘ready to embrace’ automated document handling

    in Australia on his first tour of the regions after being appointed in October, arrives at Dext with extensive experience leading technology companies including Sage and, immediately prior to his appointment, recruiter Thomas International. Dext...

  6. Why accountants must be alert to 100A agreement traps

    (usually), or someone connected to the client that actually takes the action – that is, engages in the agreement. The steps leading up to the agreement very often involve advisers. Discussions are had. Emails are exchanged. Advice is sought. But all of...

  7. How an unpredictable year left a lot undone

    and a secondary (four-factor) test. We have publicly shared concerns regarding the announced reforms that we believe would lead to unintended outcomes while unnecessarily increasing the compliance burden for many taxpayers. We believe further...

  8. 2023 crystal ball: Four things that will happen, and four that won’t

    about the potential for tax reform over the past year. CPA Australia has been encouraging the federal government to lead GST discussions with the states and territories to help the transition away from inefficient taxes, such as stamp duty. While we...

  9. Why digital payments will fuel the post-pandemic economy

    for the global economy “quite worrying”, is likely to do the same with plenty of research suggesting that economic downturns lead to greater digitisation, which in turn can be an effective future-proofer. How companies can get ahead The pandemic and...

  10. 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...

  11. 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...

  12. 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...

  13. 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...

  14. ‘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...

  15. ‘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...

  16. 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...

  17. 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...

  18. 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.”...

  19. 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...

  20. 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...

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