From bdo.com.au: March 2023’s banking failures, including major institutions like Silvergate Bank and Credit Suisse, sparked the introduction of CPS 230, a regulation implemented by the Australian Prudential Regulation Authority to manage operational risk.… read more
From jbsolicitors.com.au: Executors’ duties regarding estate management and communication with beneficiaries are thoroughly examined, alongside the rights of beneficiaries and legal actions they can take if communication is lacking.… read more
From allens.com.au: Australia is set for a significant shakeup of its merger regime in 2026, with the ACCC introducing a single mandatory process, stricter assessment criteria and increased scrutiny on transactions.… read more
From allens.com.au: Recent changes in employment law propose amendments to the Banking, Finance, and Insurance Award 2020 and the Retail Award to reduce administrative burdens and enhance flexibility for employers and employees.… read more
From asic.gov.au: ASIC is allowing the ASIC Corporations (Business Introduction Services) Instrument 2022/805 to expire on 1 April 2025, as there has been minimal reliance on it to raise funds for registered managed investment schemes.… read more
From publicaccountant.com.au: Treasurer Jim Chalmers’ fourth budget delivers $36 billion in new spending, including $17 billion in personal tax cuts, but lacks a long-term vision for the small business sector, drawing criticism from the Institute of Public Accountants.… read more
From www.accountingweb.co.uk: (UK context) HMRC’s consultation paper discusses the potential for pre-populating tax returns using third-party data to alleviate administrative burdens and improve accuracy for taxpayers.… read more
From thefifthestate.com.au: The 2025 federal budget allocates $33 billion for housing initiatives, including the expansion of the Help to Buy scheme and measures to support renters, such as eliminating no-fault evictions and limiting rent increases.… read more
From www.pitcher.com.au: Australians have a limited opportunity to maximize their superannuation savings before the expiration of the concessional cap from the 2019-20 financial year, which currently allows for a $25,000 contribution.… read more
From www.accountingtoday.com: (US context) Despite the allure of private equity, independent firms argue for the value of personal client relationships and a commitment to building a lasting legacy within the profession.… read more
From hallandwilcox.com.au: The 2025-26 Federal Budget allocates significant funding to support Australia’s renewable energy transition, including $1.5 billion for the Future Made in Australia Innovation Fund and a $2 billion expansion of the Clean Energy Finance Corporation.… read more
From www.bartier.com.au: Estoppel is a legal principle that can prevent a party from denying a previously established fact, highlighted in the case of Reed v National Contracting Services Pty Ltd, where a worker’s claim for surgery costs was evaluated.… read more
From www.ifa.com.au: A recent report from Netwealth reveals that nearly 29% of clients who switched financial advisers did so due to a misplaced confidence in their financial literacy.… read more
From creditorwatch.com.au: Australian businesses are facing high insolvency rates, particularly in the Construction and Hospitality sectors, due to macroeconomic pressures such as rising prices, interest rates, and the Australian Tax Office’s debt collection practices post-COVID.… read more
From www.smartcompany.com.au: Starting July 1, 2025, interest on overdue Australian Taxation Office debts will no longer be tax-deductible, following the passage of legislation by the Senate.… read more