From cgw.com.au: The Full Court of the Federal Court of Australia ruled in ASIC v Macleod that a third-party accountant’s report retained legal professional privilege even after being voluntarily disclosed to ASIC under a Voluntary Disclosure Agreement (VDA).… read more
From taxbanter.com.au: The Full Federal Court ruled in the Bendel case that an unpaid present entitlement is not classified as a loan under s.109D(3) of Division 7A of the Income Tax Assessment Act 1936.… read more
From piperalderman.com.au: The Fair Work Commission reinstated an employee after he was terminated for breaching a revised Drug and Alcohol Policy, in which the acceptable Blood Alcohol Content level had been changed to zero.… read more
From www.moneymag.com.au: The article outlines seven strategies for Australian university students to minimise their HECS-HELP debt.
Recommendations include paying fees upfront, withdrawing from courses before census dates, avoiding failing subjects, and staying engaged with the HECS debt balance.… read more
From michaelwest.com.au: Treasurer Jim Chalmers announced that Australia’s upcoming federal budget will have limited spending promises due to a modest revenue upgrade, projecting a deficit of $26.9 billion for 2024/25.… read more
From www.goingconcern.com: (US context) Legacy Professionals LLP, an accounting firm in Illinois, experienced a significant data breach affecting 216,752 individuals, with stolen data including names, social security numbers, and medical information.… read more
From atlaswealth.com: Australian expatriates moving to Dubai should carefully consider several financial factors, including currency selection for savings and investments, superannuation contributions, and tax residency implications.… read more
From www.accountingtoday.com: (US context) Scammers are reviving outdated websites to exploit the current political divide and target potential victims during tax season, according to a report by BforeAI.… read more
From www.accountantsdaily.com.au: Kyelie Baxter, managing director at IQ Accountants, discusses the importance of establishing a governance structure for business success.
She shares key tips on how to develop a governance structure effectively and sustainably, emphasizing its role in enhancing decision-making, risk management, and accountability.… read more
From mdl.com.au: Section 232 of the Corporations Act 2001 (Cth) allows shareholders in Australian corporations to seek remedies for oppressive, unfairly prejudicial, or discriminatory conduct by the company.… read more
From www.dbalawyers.com.au: Victoria’s vacant residential land tax (VRLT) transitioned to a progressive rate system effective January 1, 2025, increasing from a flat 1% to a maximum of 3% of the land’s capital improved value based on the number of years the land remains vacant.… read more
From www.claytonutz.com: ASIC has initiated legal action against FIIG Securities for alleged cybersecurity failures that led to the theft of 385GB of confidential data, highlighting the importance of compliance with section 912A of the Corporations Act 2001.… read more