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Glimmer of hope in consumer mood, business cautiously confident
Interest rate rises have done more to dampen the confidence of consumers than businesses, according to surveys from Westpac and NAB.
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APRA plans to open the books on super fund spending
Published information would include donations to unions and political parties, as well as executive remuneration.
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PwC reforms a disproportionate response: CA ANZ
Draft laws proposed by the government in response to the PwC scandal will create an “uncertain and disruptive” period for tax professionals, the accounting body cauti...
Contractor redefinition ‘undermines sole traders’
The Closing Loopholes bill would force companies to treat contractors like employees to the detriment of the smallest business owners, one lobby group says.
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5 most common fee disputes ‘could trigger refund action’
One of the proposed changes to CA ANZ conduct rules is open to abuse, webinar hears.
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Treasury opens consultation on payday super measure
Two models are put forward for the reform as well as revisions to the penalties for late payment.
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Distressed small businesses flock to shelter of SBR
A spike in applications shows the scheme is gaining traction as a way to handle debts and remain operating, says Jirsch Sutherland.
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ATO will dob in 9k businesses to credit agencies this month
With more than $5 billion owed by companies meeting the criteria for referral, the Tax Office is drawing a line in the sand.
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Small business struggles, but financial system resilient: RBA
The bank’s Financial Stability Review finds higher interest rates have hurt small businesses the most.
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Victoria land tax ‘onslaught’ could spark investor exodus
The expansion of the state’s vacant residential land tax follows a string of recent property tax changes and hikes.
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PwC partners failed to self-disclose, CA ANZ admits
Members are required to report themselves for sanctionable conduct but none came forward, parliamentary inquiry hears.
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ATO loosens constraints on client linking process
The window to complete nominations expands fourfold and a report feature details linking requests, the Tax Office says.
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ChangeGPS sounds alarm over clause in CA ANZ conduct rules
Members could be forced to refund or waive fees to a client under one resolution currently up for vote, the software outfit warns.
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CEOs confident despite economic headwinds, survey finds
Local bosses cite cyber crime, the cost of living and trade regulations as key threats to growth, KPMG says.
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Former students caught out by HECS index and complex rules
Accountants say first home buyers and those living overseas are struggling to manage their obligations.
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Monash Uni loses appeal to rewrite staff agreements, dodge $9m bill
UPDATED: The university wanted to classify all student consultations within a week of lectures and tutorials as unpaid “associated work” for its casual academic staff...
Scrap ‘problematic’ accountants’ certificates, Canberra told
The documents are no longer fit for purpose and create increased litigation risk for accountants, three professional bodies caution.
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Torrent of disapproval greets CA ANZ finances
Social media comments range from accusations the body is failing to live “within its means” to allegations that executives rewarded themselves with pay rises while sh...
‘Covid changed merger dynamics, tech has become a wildcard’
The big players are long gone together with acquisitions for the sake of it, says one specialist, but AI could be a driving force behind future M&A.
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Software overload means most CFOs stick to manual processes
With some finance leaders juggling over 50 different tools, technology is leaving them overwhelmed and ill-equipped to lead their teams through uncertain times.
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