From cointelegraph.com: A recent Australian court ruling determined that Bitcoin should be classified as money rather than a taxable asset, which could lead to up to $640 million in potential tax refunds.… read more
From www.bdo.com.au: Australia has enacted the Crimes Legislation Amendment (Combatting Foreign Bribery) Bill 2023, significantly overhauling its foreign bribery laws, which now hold corporations accountable for failing to prevent bribery by their associates.… read more
From hlb.com.au: Mandatory climate reporting introduces significant responsibilities for directors, requiring them to ensure that sustainability reports comply with legislation and accurately reflect the company’s environmental impact.… read more
From holdingredlich.com: The case involves an international concert pianist who faced performance cancellation by the Melbourne Symphony Orchestra after dedicating a performance to Palestinian journalists.… read more
From www.journalofaccountancy.com: [US context] Transitioning to a partner role at a CPA firm can be challenging, requiring adaptation to new responsibilities and expectations.
Tips include embracing challenges, redefining work-life balance, preparing for mistakes, and seeking clarity on compensation.… read more
From slate.com: Increasingly, job seekers are encountering AI programs during the interview process, which companies employ to streamline candidate screening.
However, many candidates find these AI interviews uncomfortable and dehumanizing, often reporting glitches and a lack of real-time feedback.… read more
From bdo.com.au: The AML/CTF Amendment Act 2024 introduces key changes, including the inclusion of high-risk services provided by DNFBPs, effective from 1 July 2026. It enhances AUSTRAC’s regulatory powers, enabling stricter compliance measures and fines for non-compliance.… read more
From legalvision.com.au: The Federal Court of Australia ruled that Kraken’s “Margin Extension” product qualifies as a credit facility, necessitating compliance with Australian financial regulations, including the issuance of a Target Market Determination.… read more
From ministers.treasury.gov.au: The Albanese Labor Government is advocating for a wage increase for low-paid workers to assist with the cost of living, focusing on three million workers such as cleaners and retail employees.… read more
From prosolution.com.au: Investment-grade apartment prices in Melbourne may be on the verge of a growth cycle after remaining flat since 2020, driven by tighter supply, significantly increased construction costs, and upcoming government incentives for first-time buyers.… read more
From www.professionalplanner.com.au: Warren Buffett has impacted how financial advisers communicate with clients by emphasising long-term investment strategies and the importance of value over price.
His wisdom and quotes have become integral to advisers’ conversations, helping to educate clients and promote a patient, informed approach to investing.… read more
From piperalderman.com.au: The potential of blockchain technology and tokenization is transforming voluntary carbon markets through enhanced transparency, trust, and regulatory innovation.
Bhutan has launched a national crypto tourism payment system in partnership with Binance, enabling cryptocurrency payments for various services to promote financial inclusion.… read more
From www.smsfadviser.com: The Bendel decision may affect SMSFs regarding in-house assets, particularly involving loans to related parties, according to legal expert Shaun Backhaus.
He explains that the SIS Act’s broader definition of “loan” encompasses various financial arrangements beyond traditional lending, which could complicate investments in unit trusts for SMSFs.… read more
From www.smsfadviser.com: SMSFs with limited recourse borrowing arrangements should review their compliance with ATO safe harbour rates before the 30 June deadline.
In a declining interest rate market, many related-party loans may not align with current market rates, potentially triggering non-arm’s length issues.… read more
From www.klgates.com: Australia will implement a new mandatory merger control notification regime starting January 1, 2026, with transitional provisions effective July 1, 2025, requiring private equity funds to notify the ACCC of acquisitions that cause a change of control exceeding certain monetary thresholds.… read more