From www.ifa.com.au: Financial Services Minister Stephen Jones announced that proposed changes to the education framework for prospective advisers will halve both the cost and time needed to enter the profession.… read more
From gtlaw.com.au: This week’s regulatory recap details ASIC’s legislative updates, including the expiration of Instrument 2022/805 and the reissuance of Regulatory Guide 253.
It also highlights operational risk concerns for ASX, the launching of a new digital AFS licence portal, enforcement actions in anti-money laundering, ACCC’s proposed provisions for the Banking Code of Practice and key actions by ASIC and APRA.… read more
From au.andersen.com: This guide provides comprehensive information about FBT compliance, including year-end procedures, record keeping, identifying benefits, changes, exemptions, and the role of technology.
It also offers insights into the ATO’s increased audit activities and updates to FBT rates, exemptions, and regulatory requirements for the 2025 tax year.… read more
From www.holmanwebb.com.au: The Federal Government of Australia announced a temporary ban on foreign purchases of established dwellings starting from April 1, 2025, lasting at least two years.… read more
From www.smsfadviser.com: Cryptocurrencies provide SMSF trustees with a flexible investment option, allowing for small purchases and easy market entry.
Cryptocurrencies can fit into the traditional investment strategies recommended by banks, where clients might allocate 5 to 15 percent of their portfolio to alternative investments.… read more
From financialstandard.com.au: Experts express concerns about the proposed use of the New Payments Platform (NPP) as the primary system for facilitating super payments, citing potential payroll and tax obligations for Australian SMEs.… read more
From bdo.com.au: Creating a thriving family business necessitates clear communication, robust governance, a well-articulated succession plan, defined roles, and a strategy to overcome challenges.
These critical pillars ensure alignment, stakeholder involvement, business continuity, performance recognition, and resilience in the face of potential difficulties.… read more
From bdo.com.au: U.S. global reciprocal tariffs pose potential cost increases and delays for Australian exporters, with particular impacts on the manufacturing and agriculture sectors.
In response, the Australian Government has implemented strategies such as allocating funds to the anti-dumping commission, assisting affected industries, and establishing a strategic reserve for critical minerals.… read more
From gtlaw.com.au: Treasury has updated its foreign investment guidance notes, introducing partial refunds for unsuccessful bidders, a temporary ban on foreign investors purchasing established homes, and reduced application fees for Build to Rent developments.… read more
From pkf.com.au: ATO’s newly introduced local file schema, effective from 1 January 2024, enhances data collection and disclosure requirements to identify high-risk international tax and transfer pricing arrangements.… read more
From alvarezandmarsal.com: (Webinar) Upcoming changes in trade and tariffs, deeply influenced by the U.S. Administration’s America First Investment Policy, necessitate businesses to adapt and strategically navigate tariff policies for success.… read more
From smsmagazine.com.au: SMSF members facing a Division 293 tax bill are being advised to consider a contribution reserving strategy to offset the tax impact.
This strategy allows SMSFs to distribute large income sums across two financial years, which can be particularly beneficial when a member experiences a significant capital gain.… read more
From www.fathomhq.com: Fathom participated in the Digital Accountancy Show 2025, highlighting key themes such as the rise of AI and outsourcing in financial services, and the demand for simpler systems.… read more
From sladen.com.au: AusNet Services Limited sought special leave to appeal to the High Court regarding the decision from the Full Federal Court in AusNet Services Limited v FCT, focusing on the “nothing else” requirement for rollover under Division 615 of the Income Tax Assessment Act 1997.… read more
From www.pwc.com.au: Companies with a 30 June 2024 year end must register research and development (R&D) activities for the R&D tax incentive by 11:59pm AEST on 30 April 2025 through the Department of Industry, Science and Resources (DISR) portal.… read more