From www.accountantsdaily.com.au: The recent Bendel decision, where the Full Federal Court ruled that UPEs are not considered loans for Division 7A purposes, may influence the ATO to utilize section 100A more vigorously against perceived tax avoidance involving UPEs.… read more
From www.aicd.com.au: Cybersecurity threats are escalating, with a significant rise in vishing attacks and malware-free intrusions, as reported by CrowdStrike, highlighting vulnerabilities in organizations despite improved defenses.… read more
From www.claytonutz.com: Treasury has released draft legislation for the second tranche of the Government’s financial advice reforms, focusing on enhancing client advice through the introduction of a Client Advice Record and clarifying rules regarding superannuation-related advice fees.… read more
From www.icaew.com: (UK context) HMRC updated its international manual with guidance on the tax treatment of lump sum pension payments under the UK’s double tax agreements, clarifying that most payments are taxed only in the recipient’s state of residence.… read more
From www.aicd.com.au: Directors face increasing responsibilities due to regulatory changes, economic uncertainty, and technological advancements, leading to heightened workloads in boardrooms.
Research indicates that managing multiple directorships is common and that directors must find a balance to maintain effectiveness, with a general guideline suggesting a maximum of five positions to avoid overburdening.… read more
From www.aicd.com.au: The Reserve Bank of Australia recently implemented its first rate cut since November 2020, lowering the cash rate target to 4.1%, amidst a balancing act of economic conditions and upcoming political events.… read more
From www.aicd.com.au: The Australian Charities and Not-for-profits Commission conducted a review of safeguarding practices within the NFP sector.
The review revealed that while charities understand their obligations, many do not document them effectively, leading to inconsistency in mitigating risks.… read more
From www.aicd.com.au: Directors can enhance organizational performance by adopting an adaptive stewardship approach that balances fiduciary duties with broader stakeholder interests, as revealed in research from the Adelaide Business School.… read more
From www.aicd.com.au: Boards and directors must ensure their organizations meet workplace health and safety obligations through effective risk management strategies, due diligence, and continuous monitoring of safety management systems.… read more
From hallandwilcox.com.au: In March 2025, ASIC began legal proceedings against FIIG Securities Limited for alleged failures in cybersecurity measures that contributed to a data theft incident in May 2023, which resulted in the loss of approximately 385GB of confidential client information.… read more
From worrells.net.au: HECS – HELP debts are classified as “excluded debts” under the Bankruptcy Act (1966) and remain unaffected by bankruptcy, meaning individuals must repay them once their income exceeds a certain threshold.… read more
From worrells.net.au: A mortgagee in possession allows a lender to take control of a property following a borrower’s default, enabling them to collect income, manage, or sell the asset with certain legal responsibilities.… read more
From worrells.net.au: Small Business Restructuring (SBR) and Voluntary Administration (VA) are two formal options for companies to negotiate debts, with SBR typically being more streamlined and cost-effective but with strict eligibility criteria.… read more
From allens.com.au: The automotive sector is experiencing significant changes, with class action risks, dealership model reforms, stricter environmental regulations, data privacy concerns, and impending consumer law reforms shaping the landscape.… read more
From gtlaw.com.au: Sustainability Insights provides a comprehensive overview of current regulations, policies, and best practices in sustainability, offering strategic insights into developments and their implications for businesses and investors.… read more