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  1. FSC pushes for financial advice reform

    the Code of Ethics is the single tool for complying with best interests duty, and is part of a move by the lobby group to lead the public policy debate on the governing and professionalisation of advice. “We are keen to hear from a wide range of...

  2. Personal insolvency regulator sends independence warning to practitioners

    relationships with accountants and lawyers acting for debtors have also been flagged as a potential situation that may lead to actual or perceived conflicts of interest. “Like most professionals working in a competitive environment, personal insolvency...

  3. Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia

    senior manager of tax policy at CPA Australia. “We reject the proposition that a standard deduction would necessarily lead to a decrease in the use of tax agents, because the tax system remains quite complex,” Ms Kasapidis said. “Just because you may be...

  4. Asset betterment: operation, obligation and onus

    in Australia. A failure by the taxpayer to call witnesses, such as their accountant/tax agent or family members, can also lead the AAT to infer that their appearance would have been detrimental to, or at least would not have assisted, the taxpayer’s...

    • Type: Article
    • Author: Robyn Jacobson, The Tax Institute
    • Category: Business

  5. Business confidence hits 7-year high

    record-high of 130.3 points over the first four months of the year, even as JobKeeper drew to a close, which was expected to lead to a fall in business confidence. “The worries that many held about how the Australian economy would deal with the end of...

  6. From a soft hug to a tight squeeze: ATO tightens its grip on private and wealthy groups

    the ATO, to be able to conduct the kind of engagement that is resource-intensive, which will ultimately, in the ATO’s eyes, lead to increased transparency for these private groups.” The Top 500 represent just 0.2 of a percentage point of private groups...

  7. Federal budget 2021: Old jobs, new tricks?

    policy could apply to the clean energy sector in the future is surely a missed opportunity for the government. The lack of leadership on climate change remains a concern. Across the 386 pages of the government’s Budget Strategy and Outlook document, the...

    • Type: Article
    • Author: Jo Masters and Johnathan McMenamin, EY Oceania
    • Category: Business

  8. Mid-tier accounting and advisory network appoints new global leader

    Moore Global has appointed David Tomasi, managing partner of the network’s Australian outpost, as the network’s global leader. Mr Tomasi’s appointment was one of five announced by the global accounting and advisory network on Tuesday, as it moves to...

  9. BDO appoints new risk advisory services partner

    that stand in the way of enabling change. Matt will be a key member of that team.” Welcoming Mr Williams to the firm, BDO’s lead advisory partner in Sydney, Sebastian Stevens, touted Mr Williams’ experience in the market and described his appointment as...

  10. Deloitte appoints 70 new partners

    by the job as cause for stepping down halfway through a four-year term. “It has been a tremendous honour and privilege to lead this great firm,” Mr Deutsch said. “I am extremely proud of what we have achieved over the past two and a half years. “We have...

  11. Xero appoints new managing director Australia, Asia

    taking over from Trent Innes, who will step down after eight years at Xero. Mr Lyons joined the company 18 months ago to lead Xero’s global sales team. Before that, he held senior leadership roles across various sectors, including technology, financial...

  12. Sydney auditors first to face criminal charges over audit failures

    ASIC alleges EC Audit failed to conduct each of the three audits in step with the auditing standards and that, Mr Evett, as lead auditor, failed to ensure that the company’s conduct abided by the standards. The offences carry a maximum penalty of $9,000...

  13. ‘Inevitable ATO scrutiny’: Chartered accountant denied cash flow boost

    maximum CFB, point to the scheme being for the dominant purpose of obtaining the CFB. It was almost inevitable this would lead to ATO scrutiny. “In those circumstances, even if refinancing considerations also played a part as the director asserts, I am...

  14. EY appoints chief sustainability officer

    across service lines, industry sectors and markets so that we can go to market with a whole-of -firm approach. “He will also lead EYs own internal Oceania corporate responsibility agenda.” Mr Nelson currently serves EY globally from Melbourne as climate...

  15. ASIC highlights COVID-19 financial reporting focus areas

    about business impacts and potential uncertainties will “continue to be vital”. Disclosing uncertainties, it said, may lead to a wider range of valid judgements on asset values and other estimates. It reiterated that, while these uncertainties may vary...

  16. Accountants, ATO officers honoured on the Queen’s birthday

    the Government's economic support measures to Australians during the COVID-19 pandemic”. Mr O'Halloran was the program lead for the JobKeeper and has been credited with designing a system that used existing architecture and integrated data already...

  17. Bring-forward measures and 6-member SMSF bill passes Parliament

    family members in their SMSF. The SMSF Association in its Twitter update that whilst it doesn't expect this change will lead to a significant increase in the number of SMSFs being established, it will provide greater investment flexibility, choice and...

  18. Deloitte acquires Australian consultancy firm

    corporates needed to tackle this uncertainty and ride the wave, rather than get swamped by it, and we believed we could lead this change. “We were not an overnight success, but we had already proven our corporate venturing model in many markets around...

  19. William Buck appoints new chair

    on the appointment, Mr McKeough said the firm will continue to pursue positive change on behalf of its clients under his leadership by developing new talent and prioritising innovation across all services. “We will continue to co-invest and look for...

  20. Moore bolsters leadership with anniversary appointments

    from Moore Stephens to Moore Australia in July last year. Moore Australia’s new partners are the latest in a series of leadership changes across the network so far this year, after it appointed David Tomasi as its new global leader in May. His was one...

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