Appointments

Treasury ‘strengthens’ BoT with 2 appointments

Vacancies opened after two PwC-affiliated board members departed earlier in the year.

19 December 2023 • By Christine Chen

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Regulation

Black Economy Taskforce audit reveals ‘Treasury failures’

Treasury failed to set out a clear plan of action for the implementation of the Black Economy Taskforce report, the...

22 June 2023 • By Josh Needs

Super

Treasury consults on non-arm’s length expense rules

The government has now released consultation on options for amending the non-arm’s length income provisions for super...

24 January 2023 • By Josh Needs

Regulation

Former PwC partner banned for sharing secret Treasury docs

Clients and other staff were given confidential information about impending changes to multinational tax rules.

24 January 2023 • By Philip King

Appointments

PwC selects former Treasury exec as chief economist

The appointment will provide a “rare skill set and deep experience” to help clients, says chief executive.

06 October 2022 • By Josh Needs

Business

Treasury finds $27bn in JobKeeper paid to ineligible businesses

A review of the $89 billion wage subsidy conducted by Treasury has found that $27 billion was paid to businesses that...

13 October 2021 • By John Buckley

Business

Treasury undertakes review of insolvent trading safe harbour legislation

Legislative amendments introduced in 2017 to offer breathing room to directors while their company undergoes a...

08 September 2021 • By John Buckley

Business

Treasury forecasts wage cuts following superannuation increase

Future increases to the superannuation guarantee are forecast to come at the expense of wages growth, says the...

02 June 2021 • By John Buckley

Business

JobKeeper’s expiry has cost 56,000 jobs to date: Treasury

New Single Touch payroll data reveals 56,000 workers formerly on JobKeeper have lost their jobs, up from 40,000 over...

01 June 2021 • By John Buckley

Business

JobKeeper fallout overstated, Treasury reveals

Treasury secretary Steven Kennedy has revealed that job losses stemming from the end of the JobKeeper program are a...

19 May 2021 • By Jotham Lian

Business

Treasury reveals director ID deadline

New and existing directors will now need to apply for a director identification number by 30 November 2022 under draft...

30 March 2021 • By Jotham Lian

Business

Up to 150,000 jobs could be lost when JobKeeper ends: Treasury

The Treasury Secretary estimates that between 100,000 and 150,000 jobs could be lost when JobKeeper expires on 28 March.

25 March 2021 • By John Buckley

Business

Treasury defends absence of JobKeeper clawback mechanism

The Senate economics committee has heard that while the Morrison government considered JobKeeper clawback measures, it...

25 March 2021 • By John Buckley

Business

Treasury reveals director ID regime details

Close to 2.5 million directors will soon be required to apply for a unique director identification number as the...

16 March 2021 • By Jotham Lian

Business

Fintech peak body pushes for e-invoicing mandate

Australian’s fintech peak body has urged the government to mandate e-invoicing for all businesses by July next year,...

04 March 2021 • By John Buckley

Tax

Treasury updates JobKeeper guidance

Treasury has now updated its guidance on the yet-to-be-legislated JobKeeper payments, including significant...

07 April 2020

Tax

Government called to improve Treasury, tax profession relations

The government has been called to go beyond its commitment to improving the relationship between the ATO and tax...

05 December 2019 • By Jotham Lian

Business

Accountants need not join financial planners education arms race, Treasury told

The accounting profession does not have to follow in the footsteps of the financial services industry and raise...

17 September 2019