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  1. Government takes lead on e-invoicing with 5-day payment terms

    has committed to paying businesses within five business days or pay interest on any late payments as it looks to take the lead on e-invoicing. Minister for Finance Mathias Cormann has announced that from 1 January 2020, the Australian government would...

  2. Government names Lowe replacement at RBA

    Lowe when his term expires in September. Ms Bullock, whom becomes the first women RBA governor, was regarded as one of the leading contenders for the role along with Treasury secretary Steven Kennedy and Finance Secretary Jenny Wilkinson. An experienced...

  3. Government must fix Australia's ‘bureaucratic nightmare’, warns CPA

    pressures, regulatory burden, rising public debt and skills shortages. CPA Australia’s business investment and international lead, Gavan Ord, said the government needed to prioritise creating a more business-friendly environment through improved policy...

  4. Government mulls tax on digital corporations

    solution,” said Professor Deutsch. “The digital services tax is viewed as a bit of a blunt instrument and it may lead to retaliatory action from the likes of the United States and we know they are not adverse to imposing tariffs and we've been spared...

  5. Government makes move to bolster retirement phase of super

    which would ensure retirees had easy access to independent, reliable information on super and retirement options. “ASIC will lead a consumer education campaign to raise awareness amongst people approaching retirement and in retirement. New resources...

  6. Government kicks off retirement income review

    for its review of the retirement income system, with the chair of the SMSF Association one of three panellists picked to lead the inquiry. Treasurer Josh Frydenberg announced on Friday that the review would “establish a fact base” for the current...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Business

  7. Government fails to deliver on agreed changes to code instrument: joint bodies

    15 required tax/BAS agents to report to the ATO statements that the agent reasonably believed were false, incorrect or misleading in a material particular, or omitted some matter or thing without which the statement is misleading in a material respect,...

  8. Government encouraging tax avoidance: William Buck

    said that while, by world standards, Australians are relatively good at complying with their tax requirements, any policies leading to high compliance costs, complexity or perceived inequity in the tax system would serve to encourage higher levels of...

    • Type: Article
    • Author: Michael Masterman
    • Category: Tax

  9. Government called on for CGT cuts, deduction caps for property

    for most “mum-and-dad” investors, with the exact figures depending on wage income, interest rates and capital growth,” said lead author of the research, Professor Richard Eccleston. The modelling suggests that in the first year, with a $20,000 cap, only...

  10. Government advised to delay payday super to avoid ‘chaotic’ transition

    houses to process funds. "Further refinement is necessary to address these issues effectively." CPA Australia superannuation lead Richard Webb said while the body supported the goals of payday super, the superannuation industry and small businesses were...

  11. Government ‘key’ to small-business e-invoicing uptake

    sends in a way that helps cut red tape, speed up payment times and increase security for small businesses. “Government can lead the way with registrations by replacing multi-step processes like ASIC annual review fees, ATO payment plan statements and...

  12. Global ethics body to probe firm culture amid accounting ‘trust crisis’

    The IESBA will look to tighten its code and step up its leadership role in a new three-year strategy to address recurring failures in the profession. Accounting is facing a “global trust crisis” in the wake of high-profile failures, the global ethics...

  13. Global accounting tech company lands in Aus

    software for accountants and bookkeepers has opened an Australian headquarters, appointing a local industry professional to lead the office. AutoEntry by OCREX announced today the opening of an Australian headquarters in Melbourne. The primary functions...

  14. Global accounting network elects new CEO

    January 2018 for a five-year term, replacing current CEO Ed Nusbaum who will retire at the end of 2017 after eight years of leadership. Mr Bodin, who was the CEO of Grant Thornton Sweden for 16 years and spent five years as chairman of the GTIL board,...

  15. 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...

  16. GIC remissions framework must balance 'integrity with empathy', says CPA

    One of the main concerns raised in the review was the inconsistency of the ATO's remission decisions. CPA Australia tax lead Jenny Wong said the findings aligned closely with concerns raised by members over several years, particularly regarding the...

  17. Getting the foundations right for responsible AI in small businesses

    AI is evolving faster than many small businesses’ governance frameworks, reinforcing the need for clear, practical guidance on responsible use. AI can lift productivity, streamline compliance and improve decision‑making. Yet for many small and medium...

  18. General transfer balance cap set to rise to $1.7m

    for the December quarter at 117.2, indexation of the general transfer balance cap is set to occur on 1 July, which may lead to increased complexity where clients have already commenced pensions. The Australian Bureau of Statistics announced on Wednesday...

  19. Further work to be done on TASA changes, says Tax Institute

    taxpayers will be trying to handle tax matters themselves in an excessively complex tax landscape. “This will inevitably lead to more errors, late payments and lodgments, or failures to pay and lodge – ultimately, degrading the integrity of our tax...

  20. Further relief needed for genuine employers under Payday Super: The Tax Institute

    to Payday Super may incur more than 12 months of contributions for some employers in a single financial year. This may lead to top concessional contribution cap issues or excess contributions tax outcomes despite zero change to actual entitlements,...

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