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  1. Federal Court dismisses ASIC’s case against liquidator

    legal battle against the regulator with the Federal Court dismissing proceedings brought against him. The Federal Court late last week dismissed ASIC’s case against Jason Bettles, a registered liquidator and partner at Worrells Solvency and Accounting....

  2. ATO hits SMSF trustees with record disqualifications, fines

    trustees from overstepping the mark. The ATO disqualified a record 753 SMSF trustees and imposed $29 million in penalties last year and has flagged renewed resolve to crack down on those persistently breaking the law in 2023–24. It said that compared to...

  3. RBA reveals interest rate decision for Cup Day

    The Reserve Bank of Australia has announced its cash rate decision following higher than expected inflation figures for last quarter. The Reserve Bank has decided to increase the cash rate by 25 basis points to 4:35 per cent after CPI result for the...

  4. AFCA helps small business reclaim $23m, disputes up 9%

    is surprised by a fall in complaints over business loans. Small businesses made almost 4,000 complaints to AFCA in the last financial year, up 9 per cent, and won more than $23 million in compensation and refunds, the authority says. Disputes over...

  5. CPA Australia’s ‘final round’ of job cuts claims 4

    which the body says completes its restructuring. CPA Australia cut four more positions yesterday in what it says will be the last in its rolling redundancy program underway since June, which has claimed up to 12 per cent of the body’s 600-plus staff....

  6. Jobless rate up to 3.9%, ‘hints of softer labour market’

    Unemployment has risen from its low last November and the growth in monthly hours worked is slowing, ABS data shows. Unemployment moved up to 3.9 per cent in November from a revised 3.8 per cent in October, according to seasonally adjusted data...

  7. CPI result encouraging, but fight far from over: Treasurer

    ABS data shows annual inflation fell to its lowest level in almost two years last November. Annual inflation fell to 4.3 per cent in November, down from 4.9 per cent the prior month, but “the fight is far from over” the Treasurer said yesterday....

  8. How Victoria widens its land tax horizons

    Changes to the regime in the state last year expand levies on vacant land and prohibit contracts that seek to pass on certain liabilities. The State Taxation Acts Amendment Act 2023 received royal assent on 12 December and makes changes to: Expand the...

  9. Vacancy tax expansion: Getting your house in order by 1 July

    The vacancy residential land tax (VRLT) was expanded late last year to apply to all residential land in Victoria and not just specific inner suburbs within metropolitan Melbourne. The expansion commences from 1 January 2025, and applies the VRLT based...

  10. Women in Finance Summit 2024 launches

    After a successful inaugural event last year, the Women in Finance Summit is returning in 2024 with more business insights and networking opportunities. The Women in Finance Summit 2024 will be held on Friday, 15 November 2024 at Hyatt Regency, Sydney,...

  11. Payday super ‘couldn’t come soon enough’, says Cbus

    The fund has reported a record recovery of almost $200 million in unpaid super over the last financial year. Cbus Super collected a total of $198.2 million in unpaid super during the 2023–24 financial year that will directly impact superannuation...

  12. E-commerce rebounds ahead of peak season on surging global demand

    Latest data from Airwallex found international sales rose 80 per cent last quarter as retailers used overseas markets to drive growth. Online retailers are experiencing a turnaround after a rocky start to the year fuelled by surging international sales...

  13. Consumer sentiment 'disappointing'

    “The initial response to a Budget can sometimes be an overreaction that reverses in following months. For example, last year’s Budget showed a similar immediate reaction with the index falling seven per cent in May, with sentiment regaining more than...

  14. Politics obstructing GST reform

    winning elections to undertake long-term reforms such as a rethinking of the GST. “Tax reform hasn’t got very far over the last 10 years because it’s caught up in the political cycle,” he said. Mr Greco suggested handing the responsibility of tax reform...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  15. Accountants losing ground in SMSF space

    looking to set up an SMSF cited property investment as a reason for establishment, up from 34 per cent at the same time last year. Twenty-one per cent of those planning to set up an SMSF also cited access to borrowing within superannuation as a driver...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  16. Q&A: Amanda Gascoigne talks opportunities and threats

    really successful accounting practices, but one that they are not slaves to. I am very proud of my achievements over the last 15 years in business and over 20 years as an accountant as being a trusted advisor to so many individual clients and SMEs....

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  17. SME confidence on the rise

    cent of business owners anticipate growth in the next 12 months while 46 per cent of owners reported revenue growth in the last 12 months, and just 20 per cent reported a decline. Andrew Graham, national head of business solutions at RSM Bird Cameron...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  18. Opportunities for Australian businesses in Asia

    of M&A transactions globally reached AU$1.83 trillion in the first half of 2014, an increase of 41 per cent on the same time last year. Appetite for domestic M&A is also increasing with Clayton Utz declaring in its Improved Levels of M&A Activity 2014...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  19. Part-selling small businesses on the rise

    to the firm, nearly half of all business owners who have sought advice regarding the selling of their business in the last two years have chosen the part-sell option. Mark Calvetti, director of William Buck said since the GFC the firm has noticed...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  20. Q&A: Paul Bloxham discusses the state of the economy

    now. How is business confidence fairing at the moment? What we have seen with business confidence is an improvement since last year but it is still at lower levels than in previous years. I think it is taking a while for businesses to feel willing to...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
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