Business

Retirement Income Review highlights ‘inequity’ issues with tax concessions,...

While the Retirement Income Review concluded that Australia’s retirement income system is effective, sound and broadly...

23 November 2020

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Business

Deloitte repays pandemic pay cuts

Deloitte will repay partners and staff up to six weeks of COVID-related pay cuts after posting better-than-expected...

18 November 2020

Business

ATO thanks accountants, foreshadows busy 2021

The ATO has heaped praise on accountants and bookkeepers for supporting their clients through the pandemic as it...

16 November 2020

Business

Victoria launches small business digital rebate

Victorian businesses will now have access to a $1,200 rebate to put towards adopting new digital products, including...

16 November 2020

Business

Small business insolvency reforms land in Parliament

Legislation setting out reforms to Australia’s insolvency framework has now been introduced into Parliament.

13 November 2020

Business

Government strikes deal to outlaw unfair contract terms

The government is set to outlaw unfair contract terms for small businesses after finding that current protections...

10 November 2020 • By Jotham Lian

Business

JobMaker hiring credit given green light despite ongoing concerns

A Senate committee has recommended that the JobMaker hiring credit legislation be passed, despite concerns over its...

10 November 2020

Business

Senator Hume flags ‘new opportunities’ off the back of SVFs review

Assistant Minister for Superannuation, Financial Services and Fintech Jane Hume has shed light on how the Morrison...

10 November 2020 • By Emma Musgrave

Business

Long-term impacts from COVID-19 forcing rethink in national tax policy

The long-term considerations from the pandemic have caused the government to review its tax and spending priorities,...

09 November 2020

Business

Federal Court imposes $40k fine on unregistered tax agent

An unregistered tax agent that had over 500 clients on her books has now been fined $40,000 by the Federal Court.

05 November 2020

Regulation

Details of responsible lending reforms emerge

The government’s proposal to wind back responsible lending obligations has now been released for public consultation.

05 November 2020

Business

Major bank cuts rate on business, home loans

A major bank has moved to reduce interest rates on its business and home loans following the Reserve Bank’s historic...

04 November 2020 • By Jotham Lian

Business

RBA hands down rate decision on Cup Day

The Reserve Bank of Australia has announced its decision on the official interest rate this month, following...

03 November 2020 • By Jotham Lian

Business

Red flags raised with wholesale clients and FASEA ethics code

SMSF professionals will need to carefully consider which clients they categorise as wholesale clients following the...

30 October 2020 • By Emma Musgrave

Business

SMSF spruiker found guilty of defrauding over $345k

A Queensland-based businessman has been found guilty of defrauding more than $345,000 from self-managed super fund...

30 October 2020 • By Emma Musgrave

Business

RBA hints at end of recession, CPI lifts

Australia could be out of the first recession it has had in almost 30 years, says the Reserve Bank.

28 October 2020 • By Jotham Lian

Business

JobMaker ‘highly discriminative’ to small businesses, sole traders: IPA

The strict eligibility criteria for the JobMaker hiring credit, including the need to report through Single Touch...

27 October 2020

Business

Federal Court orders wind-up of unlicensed SMSF firms

The Federal Court has ordered the wind-up of two unlicensed financial services businesses which ASIC alleges provided...

27 October 2020