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FSC boss says super tax ‘symbolic’ of Australia’s failing tax system
The proposed $3 million super tax is “symbolic of everything that is wrong” with the tax debate in Australia, the CEO of one of Australia’s peak financial bodies ...
Government urged to scrap section 100A: IFPA
The professional body has called for the government to repeal or amend section 100A rather than relying on a specific anti-avoidance provision.
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CSLR blowout to 'further decimate financial advice sector', says CPA
The increased costs for professionals resulting from the levy will put financial advice further out of reach for Australians, the professional body has warned.
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Weak scam policies placing super members at risk, warns ASIC
ASIC has urged superannuation trustees to strengthen their anti-scam practices to prevent fraud.
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ASIC continues crackdown on dodgy directors
The corporate regulator has taken enforcement action against four company directors and 58 individuals for contraventions relating to company collapses.
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SMSFA calls for clarification on NALI/E rulings
The ATO needs to provide clarification on a number of issues in the law companion ruling dealing with NALI/E, the joint bodies have said.
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Government to push ahead with GIC deduction changes
A Senate committee has given the green light to a proposed measure to deny deductions for the general interest charge.
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Vehicle association calls for stricter definitions with luxury car tax changes
The fuel-efficient definition for the higher luxury car tax threshold should be limited to zero-emission cars only, the Australian Electric Vehicle Association has said.
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Dodgy tax schemes on the rise, ATO warns
The Tax Office is warning taxpayers to be wary of online tax schemes promising to help them significantly reduce or avoid paying tax.
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Stephen Jones announces retirement ahead of election call
The Financial Services Minister has announced that he will retire from federal politics at the next election.
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3 in 4 SMEs predict further cost increases this year: NAB
The rising cost of doing business, red tape and cyber security risks have been flagged as some of the top challenges by SMEs for 2025, a NAB survey has revealed.
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Transfer balance cap for super to jump to $2m
The general transfer balance cap is set to increase to $2 million on 1 July 2025, following the release of quarterly CPI data yesterday.
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ART affirms ASIC decision to disqualify SMSF auditor
The Administrative Review Tribunal has upheld ASIC's decision to disqualify an SMSF auditor for failing to comply with auditing standards.
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CPA calls for alternative strategies for reducing ATO tax debt
The government should explore more targeted measures for reducing tax debt in place of the proposed general interest charge changes, says CPA Australia.
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Mandatory service standards for super funds 'long overdue', says CPA
The professional body has voiced support for the government’s introduction of mandatory service standards for superannuation funds.
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COSBOA lobbies for modernised tax system, red tape reduction
Australia will face record insolvencies, fewer entrepreneurs and weaker competition without decisive action on tax reform and red tape reduction, the advocacy group has w...
Moore Australia appoints Jarron Puszet to lead M&A divisions in Victoria, Tasmania
Accounting firm Moore Australia has appointed Jarron Puszet to chair its M&A division in Victoria and Tasmania.
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Major tax reform critical to SME growth, government told
The business network has called for urgent tax reform to support Australian small businesses and taxpayers.
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CA ANZ appoints new president for 2025
The professional body has announced Grant Ellis as its 2025 president.
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Treasury's consultation on new oversight body ‘inadequate’, says CPA
Both CPA Australia and CA ANZ have raised questions and concerns regarding the government’s plans to merge Australia's three financial reporting bodies.
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