From www.klgates.com: The Australian Securities and Investments Commission has issued Regulatory Guide 280 (RG280) to provide guidance on the new climate-related financial disclosure requirements for companies under the Corporations Act 2001, which necessitate the preparation of sustainability reports.… read more
From www.khq.com.au: ASIC has proposed to remake three financial advice-related legislative instruments set to expire on October 1, 2025, aiming to consolidate them into one document with minor changes.… read more
From jmalegal.com.au: Kel faced unexpected land transfer duty charges after using a discretionary trust for a property purchase, as the trust was flagged as a foreign trust due to missing beneficiary clauses.… read more
From www.accountantsdaily.com.au: Accountants can facilitate strategic giving to help clients with tax challenges through options like Private Ancillary Funds and Public Ancillary Funds.
PAFs are suitable for clients with significant assets and provide immediate tax deductions, while PuAFs have no establishment fees and can be set up quickly, making them accessible for those with smaller amounts to donate.… read more
From www.accountantsdaily.com.au: The Australian government plans to introduce a Payday Super regime starting 1 July 2026, requiring employers to pay superannuation contributions simultaneously with salary payments, a shift from the current quarterly system.… read more
From www.fssuper.com.au: Legislation will make the general interest charge (GIC) and shortfall interest charge (SIC) non-deductible for taxpayers starting from July 1, 2025, impacting those with overdue tax liabilities.… read more
From www.smartcompany.com.au: The Australian Taxation Office has issued a warning about fraudsters using artificial intelligence to create false invoices and manipulate financial records in order to evade tax obligations.… read more
From www.investmentlawwatch.com: [US context] Texas Governor Greg Abbott signed several bills on May 14, 2025, aimed at enhancing the state’s corporate legal framework to attract businesses, a movement referred to as “Dexit.”… read more
From tglaw.com.au: The OAIC reported a significant rise in notifiable data breaches in 2024, with most breaches resulting from malicious and criminal attacks.
Regulatory actions intensified, including civil action against Medibank for failing to protect personal information.… read more
From www.accountantsdaily.com.au: A civil lawsuit from the advocacy group Parents for Climate against Energy Australia highlights flaws in the government’s Climate Active certification scheme, accusing the company of misleadingly marketing its ‘Go Neutral’ product as carbon neutral.… read more
From publicaccountant.com.au: Many accountants lose significant annual income by providing free advice, often resulting in scope creep and burnout.
Amanda Gascoigne recommends implementing a value-based pricing model, setting clear boundaries with clients, and utilizing tools to manage time effectively.… read more
From www.accountantsdaily.com.au: The Administrative Review Tribunal upheld the Commissioner of Taxation’s decision to include certain distributions from an accounting firm partnership as assessable income for a former equity partner.… read more
From cpaaustralia.com.au: Research by Dr. Paddy Ross and his team at Durham University found that digital backgrounds during video calls significantly influence perceptions of trustworthiness and competence, with plants and bookcases enhancing ratings, while novelty backgrounds scored low.… read more
From moneymag.com.au: Ali and Gaby Rosenberg, co-founders of the Blossom investment platform, aim to democratise fixed-income investments for everyday Australians.
They launched Blossom in June 2021, providing accessible investment options with low barriers and no fees, quickly amassing a significant customer base.… read more
From tglaw.com.au: A Federal Court decision in Kirkalocka Gold SPV Pty Ltd v Zenith Pacific (KLK) Pty Ltd clarified the meaning of “apparent possession” under the Personal Properties Securities Act 2009.… read more