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  1. Submissions open for 10th Australian Accounting Awards

    wellness initiatives. One individual winner with the highest score will walk away with the coveted Excellence Award trophy. Last year’s recipient of the Excellence Award was Mason Dunn, chief financial officer at Carbon Group, after he also won the...

  2. ATO interest charges hit highest level in a decade 

    quarter of 2012 when the GIC annual rate was 10.62 per cent and the SIC annual rate was 6.62 per cent. For the same quarter last year, the rates only increased by 0.03 per cent, with the GIC rate at 7.07 per cent and the SIC rate at 3.07 per cent. The...

  3. With $3m super tax ‘the house always wins’

    Treasury released a fact sheet explaining how the earnings tax calculation would work for its proposed $3 million threshold last week. While there was no detail yet on how the measure would work upon the death of a member, Mr Greco said it could...

  4. Inflation has peaked but further rate rises on the cards: RBA

    “The decision is the tenth consecutive increase since May 2022 and comes after national accounts and CPI data released last week revealed that both economic growth and inflation have slowed faster than expected, making the wisdom of this decision hard...

  5. RBA reveals March interest rate decision

    The Reserve Bank has announced its cash rate decision following its rate increase last month to start the year. The RBA has decided to increase the cash rate target by 25 basis points to 3.60 per cent, the 10th consecutive rise and highest level since...

  6. Nine out of 10 economists expect rate rise today

    the RBA would hold the cash rate in April. "We've seen several survey results expecting a pause in rate rises over the last few months, but this is the strongest result yet," Mr Cooke said. "While inflation has yet to be calmed, homeowners deserve a...

  7. CFOs call halt to finance salary honeymoon, says recruiter

    Almost 60 per cent of CFOs have had unrealistic salary requests in the last 12 months and executives are drawing a line in the sand. Finance candidates must rein in their salary demands with nearly 60 per cent of CFOs saying they have received an...

  8. Ban on pay secrecy ‘will help level the playing field’

    co-founder and head of product at KeyPay, Phil Bernie. Introduced for new contracts under the Secure Jobs, Better Pay laws last December, the change meant staff could no longer be prohibited from sharing pay details with colleagues, Mr Bernie said on...

  9. Staff swapping to lucrative contractor roles ‘blind to fallout’

    also claiming additional expenses as tax deductions which they were unable to do when previously classified as employees.” Last year's high court decisions Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022]...

  10. Grant Thornton overhauls tax team leadership

    funds. She brought extensive knowledge of regulatory and taxation issues to the role. After coming to Grant Thornton late last year also from Deloitte, Kristina Popova has been appointed as state taxes partner, specialising in advising clients about...

  11. GDP grows but slows, while inflation edges lower

    UPDATED: The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak. GDP growth slowed for the second consecutive quarter to just 0.5 per cent according to ABS figures for December, which was down on the...

  12. Government doubles tax on super balances above $3m

    by this reform.” This announcement follows the release of Treasury’s consultation on the objective of superannuation last week. Treasurer Jim Chalmers said there was no plans at this stage for the $3 million cap to be subject to indexation. “Since...

  13. ASIC launches greenwashing court action against Mercer

    The first legal case comes after the regulator issued over $140,000 infringement notices for greenwashing last year. The Australian Securities and Investments Commission (ASIC) has launched proceedings in the Federal Court against Mercer Superannuation...

  14. ATO releases record $573m in super on compassionate grounds

    grounds, it has also received a landmark amount in lost or unclaimed superannuation with an extra $2.1 billion added since last financial year. Deputy commissioner Emma Rosenzweig said it was a simple process to determine whether any of the lost super...

  15. Remote working motivates almost 50% to plan a tree change

    away from the office they had become comfortable with the possibility of living away from their employer’s base. “The last few years have given some employees the confidence that remote work is viable for them,” said Ms Baullo. “This has opened up a...

  16. ATO’s debt recovery campaign hits NSW hardest 

    up filings and statutory demands popping up, sometimes also accompanied by a DPN,” said Mr Archer. “While the ATO’s efforts last year brought in $6-7 billion of payments or debts under arrangement, that’s only a third of the additional pandemic debt,...

  17. Later retirement takes oldies back to living in ’70s  

    into full-time employment, while an increase in less physically demanding jobs had seen men work later in life. “Over the last 30 years we’ve seen a shift towards service-based jobs and away from more physically demanding jobs,” said Mr Rawnsley. The...

  18. Work-in-progress AI ‘rich with possibilities’

    with possibilities for the accounting profession and that he couldn’t resist testing ChatGPT – the high-profile bot launched last November by OpenAI. “I was excited to get into it and just see what's capable of,” Mr Buckley said on this week’s...

  19. Accounting job ads rebound in January to rise almost 8%

    decline. Accounting job ads rebounded in January to rise 7.6 per cent and record the first month-on-month increase since last August, according to the latest data from employment website Seek. The rise reflected an across-the-board increase in job ads...

  20. Repeal ‘perverse’ rules that put super at risk, Canberra told

    Assistant Treasure Stephen Jones. At the same time, the group’s submission said proposed revisions to NALI rules, released last month, were “unacceptable” and set out a “better long-term solution”. The group, comprising CPA Australia, CA ANZ, IPA, IFPA,...

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