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Hackers hit crypto exchanges for over $2bn in 2022
The industry’s open-source environment has led it to be targeted aggressively by hackers, says expert.
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‘Fundamentals of running a business’ the 12-month focus: KPMG
Challenging economic and operating conditions has business leaders looking for ways to grow and increase revenue, says chief economist.
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ASIC issues infringement notices to energy company for greenwashing
An energy company has come under fire from the Australian Security and Investments Commission for allegedly greenwashing its claims.
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Time for action on loan letters, professional bodies told
Members say their representatives should be doing more to prevent banks putting accountants on the spot.
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Top accountant ‘the key to success’ for start-ups
A record number of fresh firms are expected in 2023 and having the right financial processes in place will be critical to their prospects, says accounting firm’s CEO.
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ATO raises alarm over SMSF asset protection schemes
Arrangements that involve a Vestey Trust may contravene super laws, the office says.
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Insurance hikes could cripple households and small business
Research shows huge premium increases are on the way and those in northern Australia are already paying well above average.
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Productivity Commission review part of revitalising economy: Treasurer
The government says the body will maintain its role as a crucial source of independent advice.
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Recruitment scams cost Aussies $8.7m, says ACCC
Young job seekers are especially vulnerable and are being targeted by fraudsters, the regulator warns.
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Loan letters a legal minefield, accountants warned
CA ANZ says members should resist pressure from clients and decline requests for finance letters.
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Foreign investors face greater punishment for breaches
The increased fines will provide an additional $2.3 million in revenue and ensure the housing market works as designed, says the government.
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Aussies ‘will put financial health first in 2023’
Bank surveys reveal a willingness to sacrifice spending on travel, fashion, and eating out.
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CA ANZ outlines top challenges for SMSF professionals in 2023
SMSF professionals will have to grapple with a range of issues, says superannuation leader Tony Negline.
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ASIC provides relief to employee share scheme providers
The legislative support will remove unintended technical issues preventing the use of schemes, says ASIC.
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Former retail chief appointed Queensland small business commissioner
The appointment comes after the state made the position permanent in March this year.
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Scammers stand ready to attack during holidays
Christmas comes for digital cheats when they take advantage of people distracted by festivities.
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BGL promotes Daniel Tramontana to CEO
Software firm BGL Corporate Solutions has promoted its chief operating officer to the role of chief executive, effective 1 January 2023.
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NSW court upholds commercial tenant protections made during COVID
An interim judgement finds special provisions introduced during the pandemic were valid.
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FWO fines two restaurants $33k for underpaying staff
Two Melbourne eateries short-changed workers on minimum wages, overtime and penalty rates.
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Quality of advice review reforms ‘could take years’
QAR proposals to abolish much of the mandatory paperwork were welcomed but real change remains a long way off, says one financial planner.
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