From www.pwc.com.au: Federal Treasury released draft legislation for Payday Super on March 14, 2025, requiring employers to contribute superannuation funds within seven days of salary payments, effective July 1, 2026.… read more
From www.professionalplanner.com.au: The Albanese government has released the draft legislation for Tranche 2 of the Delivering Better Financial Outcomes (DBFO), which eliminates Statements of Advice (SOAs) in favor of Client Advice Records (CARs) and clarifies advice topics for collective charging in super funds.… read more
From piperalderman.com.au: Australia’s government is shifting towards a more streamlined regulatory framework for cryptocurrency, which includes requirements for exchanges to obtain Australian Financial Services Licenses and regulation of stablecoins as stored-value facilities.… read more
From www.khq.com.au: The Full Court of the Federal Court ruled in ASIC v MacLeod that disclosing documents to regulators under a Voluntary Disclosure Agreement does not waive legal professional privilege.… read more
From www.khq.com.au: Developments in Australian financial and superannuation law, including a Federal Court ruling imposing a $10.5 million penalty for greenwashing violations by LGSS Pty Ltd.… read more
From www.icaew.com: Prompt engineering has emerged as a critical skill for accountants to effectively utilize generative AI tools, enhancing productivity by crafting detailed commands for optimal outputs.… read more
From www.fssuper.com.au: From 2022, there has been a reversal in the interest rate difference between Australia and the U.S.
Currently, the cash rate of the Reserve Bank of Australia is lower than the Federal Funds rate of the U.S.… read more
From unifiedlawyers.com.au: This overview contrasts mediation and litigation, two major conflict resolution processes.
It provides insights into each process in terms of their procedures, differences, pros and cons, and circumstances under which each is most suitable.… read more
From corrs.com.au: Insights on the AusNet Services Limited v Commissioner of Taxation case, discussing the grounds of appeal, statutory interpretation issues, and potential future implications.… read more
From corrs.com.au: Courts may choose to intervene by appointing external administrators, even when a company is solvent, if circumstances demand such action.
The decision, often seen as a drastic remedy, is guided by factors such as the need for asset investigation, preservation, and the protection of creditors’ interests.… read more
From financialnewswire.com.au: Colonial First State’s latest Rethinking Retirement report indicates that 28% of pre-retirees and 14% of retirees in Australia are burdened with mortgage debt, defying the desire to retire debt-free.… read more
From financialnewswire.com.au: Insurance coverage rates within Australian superannuation have dropped to 50%, according to Mercer research, revealing significant challenges due to government policy changes like Protecting Your Super and Putting Members’ Interests First.… read more
From www.investmentlawwatch.com: The Australian Prudential Regulation Authority has proposed reforms to enhance governance standards for regulated entities, including a 10-year tenure limit for non-executive directors and stricter conflict management requirements.… read more