The impending amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF Act) will have significant implications for accountants in public practice. Set to come into effect from 1 July 2026, the amendments bring professions such as accounting in under the anti-money laundering and counter-terrorism financing regime. The changes impose complex new requirements on accounting firms.
The session provides practical advice and tips on what accountants will need to do in order to meet the new requirements ahead of their commencement.
Key outcomes include:
Accountants have been hit with several tranches of regulatory changes and amendments as part of the government's response to the PwC tax scandal. This has left tax and BAS agents grappling with multiple new obligations in a relatively short time frame. This session provides a detailed breakdown of the most significant changes and what practical steps accounting firms need to take to ensure they're compliant.
This session will provide:
This session will examine the ATO's views on resident trust beneficiaries and income from foreign trusts as set out in TD 2024/9 and the ATO’s compliance approach in respect of s 99B in PCG 2024/3. It will analyse the impact of the TD 2024/9 on taxpayers and delve into the areas that may need to be reviewed with clients. This session will:
With the superannuation space continuing to experience significant policy and legislative changes in recent years, this session will explore how practitioners can help prepare clients for the 2025-26 financial year when it comes to their super. It will provide an update on key legislative changes (both enacted and on the horizon) and critical tax issues to consider. We will consider:
The ATO outlines its key compliance activities and focus areas for the next financial year.
In this session, the ATO will provide insight into:
