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  1. RBA delivers December cash rate call

    For the last time in 2021, the Reserve Bank of Australia has handed down its decision on the cash rate. The board has decided to maintain the cash rate at its record-low 0.1 per cent – which has now stood for the entirety of 2021 – and is now set to be...

  2. 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...

  3. RBA announces last rate decision for the year 

    The Reserve Bank has revealed its cash rate decision for December with inflation still yet to peak according to economists. The RBA has again increased the interest rate by 25 basis points up to 3.1 per cent. This is the eighth consecutive rate rise...

  4. RBA announces first interest rate decision for the year

    noted that underlying inflation has been falling faster than the RBA expected and has been running around target over the last six months. “Economic activity is [also] a bit weaker than expected and Trump’s trade war poses more risks to Australian...

  5. RBA announces August rate rise

    RBA's rise is focused on the supply side inflation rather than demand side. "The economic update provided by the Treasurer last week pointed to inflation peaking toward the end of the year, at near 8 per cent, before starting to fall in 2023," said Ms...

  6. Rate rises to slam the brakes on housing starts: HIA

    according to the Housing Industry Association. The HIA’s latest Outlook Report says interest rate rises put an end to last year’s boom and detached housing commencements will fall precipitously to below 100,000 next year, from 149,000 in 2022. “The...

  7. Rate rise ‘will push at risk mortgage-holders to record high’

    the eve of the next RBA decision about interest rates and shows the cumulative impact of 10 consecutive increases since May last year, with only one rise (by 0.25 points in March) during the survey period of Q1 2023. Roy Morgan said the number “at risk...

  8. Rate of COVID-19 job losses slows

    in one of its hardest hit industries, with accommodation and food services recording a 5.2 per cent uptick in the last week of April. “The accommodation and food services industry had lost around a third of payroll jobs (33.3 per cent) by the week...

  9. Rate for home office expenses bumped up

    to 52c per hour, up from 45c per hour, effective from 1 July 2018. The updated PS LA 2001/6 now reflects the change. The last time the rate changed was back in 2014. The rate-per-hour method incorporates all of the items that a taxpayer can claim as a...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  10. Rate cut welcome, yet ‘flailing productivity’ needs more, business advocates say

    inflation data showing “a further leg down” in underlying inflation. “After the surprise RBA decision to leave rates on hold last month, there was no such surprise this month with the RBA delivering a widely expected 0.25 per cent rate cut taking its...

  11. Rate change set for popular deduction

    clothing and laundry claims have also be put on notice after the ATO announced a 20 per cent rise in claims over the last five years, with six million people claiming nearly $1.8 billion in laundry expenses last year.

  12. Ransomware – Are you the Next Target?

    previous six-month reporting period. Average ransom payments have risen dramatically in Australia and New Zealand over the last year as malicious actors have become more sophisticated. Whereas cybercriminals used to be looking for a vulnerability, now...

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

  13. Ramp-up migrant intake to fix talent drought, says accounting body

    annum. I don’t think it’s tens of thousands, but I think it could be up to 10,000.” “We’re playing catch-up because for the last two years, these migrants haven’t been able to get here.” Just 79,600 places are allocated to skilled migrants during...

  14. Raising accounting’s profile through social media

    that seven in 10 (72 per cent) of accounting professionals felt that there was a talent shortage in the sector, with CA ANZ last year finding that taxation accountants were at the highest risk of a talent shortage, estimating a 6,000-accountant...

  15. Raise scam defences or face penalties, business told

    a scam website takedown service with ASIC in November. While the ACCC estimated that consumers lost $3.1 billion to scams last year, the only sector that currently faces scam prevention obligations was telecommunications, the consultation paper said....

  16. Raft of appointments for mid-tier as growth beckons

    people and to understanding what their options are.” HLB Mann Judd has made a number of appointments and promotions over the last six months in these key service areas. In January, the firm recruited Chew Mar as director and head of its restructuring...

  17. R&D tax incentive on shaky ground again as budget looms

    miss out. “There is this constant tweaking. It causes instability in the market because people just don’t know if it’s the last change and if it’s stable. How do you budget your five or six-year innovation spending like that, what does the roadmap look...

  18. R&D tax incentive changes snuck into omnibus bill

    during the consultation period, there were only minor changes between the draft legislation and the bill released last week. “The rationale behind these changes is to improve the effectiveness and integrity of the program. In practical terms, this means...

  19. R&D audits increase, documentation key for accountants

    in R&D activity would need to be aware of an increase in audit activity, following the introduction of proposed changes last month. “The key message is to be audit-ready because you will be audited. In the current round of amendments, the government is...

  20. QuickFee raising to fund US growth

    partnership into the future.” ASX-listed QuickFee shares started the year at $0.17 but have fallen more than 40 per cent and last traded at the placement price of $0.10. The company, which began in 2009, expanded into the US in 2016 and targets...

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