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  1. COSBOA joins demand for changes to IR bill

    limit should be raised to 100 employees. In response to business concerns, the government drafted a number of amendments last week: Requiring majority support from employees of each employer for a single interest bargaining stream authorisation. A...

  2. COSBOA CEO resigns after 18 months

    needs of our members during a time of major upheaval.” Mr Addison also pointed to the importance of Ms Boyd’s role at last year’s Jobs and Skills Summit. “Alexi represented small business at the Jobs and Skills Summit, initiated and led the development...

  3. COSBOA calls for national targeted support scheme as lockdowns continue

    profession, the political spectrum and the nation’s union. CPA Australia’s manager of external affairs, Jane Rennie, last week called for co-ordinated national support for Australian businesses, as Victoria entered a state of lockdown which the...

  4. Corporate tax residency rules undergo review scrutiny

    Australia’s corporate tax residency rules, noting the difficulties associated with the central management and control test. Last month, Treasurer Josh Frydenberg wrote to the Board of Taxation requesting a review of the operation of Australia’s...

  5. Corporate regulator's funding slashed

    The government's decision to withdraw $120 million in funding to ASIC over the next five years could have significant implications for accountants, with possible changes to the funding model around financial services licensing already being touted. In...

  6. Corporate insolvencies tumble despite a rise on the personal front

    year. The drop in corporate insolvencies mirrors the Australian Securities and Investments Commission (ASIC)’s report late last year, showing a “material decline” in statutory reports lodged by external administrators last financial year. The...

  7. Corporate clients urged to sit tight for tax rates despite new guidelines

    of the current sitting of Parliament before determining their tax and franking rate, despite the ATO’s new draft guidelines. Last month, the Tax Office released draft practical compliance guideline PCG 2018/D5 outlining its compliance and administrative...

  8. Coronavirus scams on the rise, says ACSC

    phishing emails seeking to take advantage of the uncertainty around the ongoing COVID-19 crisis. According to the ACSC, the last three months have seen a significant increase in the number of individuals and businesses reporting scams and phishing...

  9. Controversial ‘Airbnb tax’ set to become law

    as Airbnb and Stayz will apply in Victoria from next year after the state parliament passed the controversial legislation last week. The Australian-first Short Stay Levy Bill 2024 passed with 21 votes to 15 and will begin on 1 January 2025. It was...

  10. Contentious residency, CGT debate booted from Senate line-up

    about whether that day will end up being the final date to take advantage of the current law if you held the property at May last year.” While supporting the bill in principle of denying the main residence exemption to non-residents, Ms Jacobson is...

  11. Contentious bill passes Senate, key tax questions answered

    their return for the 2018 income year. “There may be some companies in the early stage of this compliance season in the last six to eight weeks, that have already lodged a 2018 company tax return, based on the current law that applies right now but as...

  12. Consumers ‘taking back control’ of finances, Amex finds

    Respondents also said they would make more sustainable lifestyle choices – 55 per cent said they would reduce their use of plastic or single-use product and 53 per cent would seek out brands when travelling that offset their carbon emissions. American...

  13. Consumer spending bounces back after troubling year-end

    spending rose by one per cent in January or 4.7 per cent over the year leading. The gains make up for a troubling December last year, which saw overall consumer spending drop by 0.9 per cent. These and other results were unearthed in NAB’s latest...

    • Type: Article
    • Author: Nick Wilson
    • Category: Business
  14. Consumer sentiment plunges to recession levels

    spending, Westpac index shows, as inflation, rates and energy prices hit home. Consumer sentiment plunged almost 7 per cent last week to hit recession levels and presages a grim Christmas with 40 per cent of consumers looking to cut seasonal spending....

  15. Consumer sentiment plummets in NSW as other states stand firm: Westpac

    out into other states, in contrast to similar conditions seen under similar lockdown conditions in Victoria through August last year. The Westpac-Melbourne Institute Index of Consumer Sentiment rose by 1.5 per cent to 108.8 in July, up from 107.2 in...

  16. 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...

  17. Consumer pullback fuels record insolvency wave: CreditorWatch

    Risk Index found a 38 per cent average increase in insolvencies in the year to May. The rate was up 34 per cent from last year and 41 per cent above its pre-pandemic maximum. CreditorWatch CEO Patrick Coghlan said interest rate hikes and stubbornly high...

  18. Consumer confidence plunges to recession levels

    Westpac-Melbourne Institute February survey shows. Consumer sentiment has fallen sharply to recession levels in the wake of last week’s rate rise with mortgage holders especially bleak about finances this year, according to the latest Westpac-Melbourne...

  19. Consulting inquiry grills KPMG over cultural practices

    document with a colour-coded diagram of a government department’s senior organisational structure. Following the hearing last year, Mr Yates was asked to review his answers and responses to questions on notice following the hearing. KPMG was also asked...

  20. Consultant boom threatens accounting sector, expert says

    head of data analytics Julia Thomson told accountants at Accountants Daily's Accounting Conference & Exhibition in Sydney last week. She said there had also been an increase in the need for advisory work – a market traditionally dominated by accounting...