From www.smsfadviser.com: The Financial Services and Credit Panel has issued a written order to an advisor for violating ethical standards when recommending non-concessional contributions to a client.… read more
From financialnewswire.com.au: Superannuation fund members who seek personal advice from external providers may subsidise the costs for those receiving collectively charged advice through their superannuation funds, according to the Stockbrokers and Investments Advisers Association (SIAA).… read more
From au.investing.com: Alcoa Corporation successfully resolved a tax dispute with the Australian Taxation Office, with the Administrative Review Tribunal ruling no additional tax is owed on alumina sales.… read more
From bdo.com.au: The Victorian Court of Appeal denied an appeal for a land tax exemption by determining that the land in question was not primarily used for primary production.… read more
From bdo.com.au: The Reserve Bank of Australia is expected to cut the cash rate by 25 basis points in May due to a drop in underlying inflation and slower economic growth.… read more
From jbsolicitors.com.au: Post nuptial agreements help protect assets and finances after marriage by providing legally binding terms for asset division and financial matters.
These agreements require signing by both parties, independent legal advice, and full financial disclosure to ensure enforceability.… read more
From gtlaw.com.au: The Federal Court clarified crypto regulation by ruling that Web3 Ventures Pty Ltd’s Earner product is not a financial product, dismissing ASIC’s appeal.… read more
From grantthornton.com.au: Post-acquisition disputes can significantly affect transaction outcomes and business operations, highlighting the importance of proactive conflict management and financial due diligence.
The Australian M&A landscape has undergone a major transformation following the passage of the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024, marking the largest regulatory change in 50 years.… read more
From worrells.net.au: Effective April 1, 2025, the Australian Taxation Office will require certain non-compliant small businesses to report GST monthly instead of quarterly, due to issues such as late or incorrect Business Activity Statements.… read more
From worrells.net.au: When a company enters liquidation, liquidators must quickly identify and secure all company assets, including physical and intangible items, to maximize their value for creditors.… read more
From www.smsfadviser.com: Unlicensed accountants must be cautious about the information they provide regarding the commencement of pensions.
Accountants are not licensed financial advisors and should focus on educating clients about their options without recommending specific actions.… read more
From atlaswealth.com: Australian expats living in Saudi Arabia face unique challenges when seeking financing for property purchases back home, particularly due to conservative lending policies affecting their foreign income.… read more
From www.accountingtoday.com: Jackie Marie Peters has been sentenced to 18 months in prison for hacking into an Arizona accounting firm’s network and altering tax documents for over 40 clients to inflate refunds, resulting in the fraudulent appropriation of more than $2.5 million.… read more
From www.accountingtoday.com: General ledger systems often fail to provide efficient and accurate bank reconciliations, leading accountants to revert to using Excel for these tasks due to its flexibility and control.… read more
From hallandwilcox.com.au: The Federal Court ruled in McClure v Medibank that some reports related to the 2022 cyber attack were protected by legal professional privilege, marking the first instance of such privilege applying to reports produced following a cyber incident in Australia.… read more