Business

Submissions open for Australian Accounting Awards 2025

Nominations and submissions are now open for this year’s Australian Accounting Awards.

25 February 2025 • By Imogen Wilson

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Super

Aussie super system set to climb global ranks over next decade: SMC

Australian retirement savings are on track to becoming the second largest in the world, rising from fourth by 2031.

25 February 2025 • By Imogen Wilson

Regulation

Oversight body must ‘stand the test of time’, says CPA Australia

The new oversight body must have a sound legislative basis and incorporate current provisions and a governance...

24 February 2025 • By Imogen Wilson

Business

Accounting bodies axe professional year program for international students

Professional bodies say they’ve been left with no option, but to cease the program following a sharp decline in...

21 February 2025 • By Miranda Brownlee

Regulation

Accountants must prepare for anti-money laundering reforms now, warn experts

Accountants need to get on the front foot and prepare for the sweeping reforms in the Anti-Money Laundering and...

24 February 2025 • By Keeli Cambourne

Tax

SMSFA says it is time for government to take Div 296 ‘off the table’

It’s time the government takes the Division 296 tax “off the table” and listens to industry concerns, the SMSF...

24 February 2025 • By Keeli Cambourne

Tax

ATO likely to face difficulties in appealing Bendel decision, says law firm

The Commissioner may seek special leave to appeal the Bendel decision but would face an "uphill battle" following a...

21 February 2025 • By Miranda Brownlee

Regulation

CA ANZ issues warning about oversight body merger

Excluding practising accountants from the proposed financial standards body is akin to having a medical standards...

21 February 2025 • By Miranda Brownlee

Super

Commissioner flags 'heightened risk behaviours' with SMSFs as sector grows

The ATO has outlined concerns about the use of sophisticated arrangements to facilitate the illegal early release of...

21 February 2025 • By Imogen Wilson

Super

Gen X, Millennials driving SMSF growth

Generation X and Millennials are driving the establishment of new SMSFs, according to the latest data from Class.

21 February 2025 • By Keeli Cambourne

Tax

Full Federal Court rules against ATO in Bendel decision

The court has handed down its decision on the Bendel case, dismissing the ATO’s appeal.

19 February 2025 • By Miranda Brownlee

Super

SMSF Association celebrates $1tn milestone

The SMSF sector hit a key milestone in 2024, with total assets invested in SMSFs reaching $1 trillion.

20 February 2025 • By Imogen Wilson

Tax

Political interest in overhauling tax residency laws has ‘disappeared’, says...

Neither major party appears to have much motivation for simplifying and fixing the tax residency laws despite previous...

20 February 2025 • By Miranda Brownlee

Tax

Inspector-General of Taxation welcomes grant of additional powers

The Inspector-General of Taxation and Tax Ombudsman has been granted new powers as part of the government’s response...

20 February 2025 • By Imogen Wilson

Business

RBA rate cut hands NSW businesses $1.6bn lifeline

The RBA’s rate cut could result in a $1.6 billion boost and increase in consumer confidence for NSW businesses,...

19 February 2025 • By Imogen Wilson

Business

Boundaries the key to long term business success, says SME owner

Small practice owners should set clear business boundaries to succeed professionally and personally, the founder of...

19 February 2025 • By Imogen Wilson

Tax

Tribunal rules against tax agent in recent PAYG withholding case

A tax agent has lost an appeal to overturn administrative penalties in a case involving wages that were paid from the...

19 February 2025 • By Miranda Brownlee

Business

RBA announces first interest rate decision for the year

The Reserve Bank has handed down its highly anticipated interest rate decision for February.

18 February 2025 • By Miranda Brownlee