From www.khq.com.au: The KHQ Super Alert for 28 March 2025 highlights the announcement of the Federal Budget, which includes minor superannuation-related measures and reinforces tax compliance activities through funding for the Australian Taxation Office.

ASIC updated its guidance on virtual meetings, ensuring that participants have equivalent opportunities to engage as in-person meetings, while AUSTRAC has provided new guidance on the amended ‘tipping-off’ prohibition.

Also, Treasury launched a consultation on draft legislation for financial advice reforms aimed at modernizing the advice documentation and improving superannuation engagement.

Filed under: Accounting & Audit, ASIC, Professional Practice, Superannuation