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New initiative aims to make super ‘impenetrable’ to cyber crime: ASFA
The peak super body has announced the launch of an initiative aimed at bolstering the super sector’s defences against the growing threat of financial crime.
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Finalists revealed for first-ever Momentum Media Australian AI Awards 2024
Big four accounting firms EY, PwC and several other accounting firms have been selected as finalists at the inaugural awards, which champions those who have transformed t...
ATO urges workers to claim $17.8bn in lost super
Tax Office data shows the pool of lost and unclaimed funds has grown by $4 billion since 2021.
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Xero to buy reporting app Syft Analytics for US$70m
The acquisition of the South African-based financial reporting platform is expected to improve Xero’s accounting offerings.
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SMEs looking to increase asset investment, CBA data reveals
Small businesses are planning to increase their asset investment and operations despite a slower economy, according to new data from the big four bank.
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ASBFEO calls for national recognition of family-owned SMEs
The small business advocate encourages all Australians to acknowledge and celebrate National Family Business Day to bolster the local SME community.
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ATO to pilot new initiatives for small business
The Tax Office plans to encourage more frequent payment and reporting from small business and explore tools such as a small business benchmark, the Tax Commissioner has s...
Taylor David appoints insolvency specialist as partner
The financial services, insolvency, and restructuring law firm has appointed international insolvency expert, Michael Makridakis, as its newest partner.
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Consistent definitions critical for scam prevention legislation, warns BDO
BDO’s forensic services experts have welcomed draft legislation to establish a new scam prevention network but have warned the framework may be too far-reaching in its ...
RSM Australia announces several appointments to Perth branch
RSM Australia has made eight appointments at its Perth branch to bolster its business advisory, agribusiness, resources, mining and energy divisions.
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Businesses to face $50m fines under new anti-scam laws
The government has proposed a raft of obligations for banks, telcos, and social media platforms to protect consumers.
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Perth man who spent $378k in fake GST refunds jailed
It is the latest conviction for the ATO’s Operation Protego, a crackdown on widespread GST rorts promoted on social media.
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Tax laws trap domestic abuse survivors in debt cycles, expert warns
A UNSW professor has called for reform after 80 per cent of female clients at the campus tax clinic reported abuse.
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Accounting bodies must continue ‘loud approach’ to policy development: Julie Bishop
Former minister Julie Bishop said tax reform will only be improved at the government level when there is greater public consultation and involvement from tax practitioner...
Payday Super to require major overhaul of super system and processes, warns ICB
Without significant changes to platforms and regulations, the shift to payday super could be a disaster waiting to happen, the Institute of certified bookkeepers cautions...
ATO boss tells agents to use ‘Kardashian-like influence’ wisely
Rob Heferen has promised to improve communication with tax practitioners who have a “unique role and influence” in the system.
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CA ANZ shows support for amended anti-money laundering bill
The professional body welcomes changes made to the anti-money laundering/counter-terrorism bill following previous submissions and advocacy.
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Privacy law education and awareness crucial for SMEs: COSBOA
The SME advocate has welcomed the government’s move to not rush new onerous privacy obligations for small businesses in the first tranche of laws, but has requested mor...
Coalition super amendment could exacerbate women’s poverty, warn peak bodies
Joint super peak bodies have urged for the Coalition to reverse its ‘optional’ proposal for the Commonwealth Parental Leave Pay scheme as it will undermine the purpos...
‘Significant progress’ made on TASA determination, joint bodies say
Joint bodies have welcomed a commitment from Labor to address the major issues in the TASA determination in the Senate this week.
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