APRA has recently released its policy and supervision priorities for 2023. For the superannuation space, APRA is maintaining its focus on holding trustees to account to improve member outcomes. This […]
With 2023 in full swing, the ATO is looking to finalise a number of FBT-related issues currently under consultation. For businesses, the outcome of these consultations and subsequent issue of […]
Foreign-incorporated companies will now have more time to organise their governance arrangements under a recent update issued to Practice Compliance Guideline PCG 2018/9. The issue relates to foreign incorporated companies […]
The government has released a consultation paper to canvass options to amend the non-arm’s length income (NALI) provisions that will apply differently to SMSFs/small APRA funds and large APRA-regulated funds. […]
As a part of the government’s strategy to combat the tax compliance risks posed by the sharing economy, it has now legislated requirements for operators of electronic distribution platforms to […]
After some high profile cases where victims of convicted child sexual abusers were prevented from seeking financial redress from their abusers through the offender’s use of the super system to […]
The government has reintroduced and passed a raft of measures that faced an uncertain fate when the House of Representatives was dissolved and the Senate prorogued due to the calling […]
The ATO is currently running a campaign cracking down on super schemes increasingly used by promoters to inappropriately channel money through SMSFs or provide an unfair tax advantage. Some of […]
With the expiration of the previous fixed rate method and the shortcut method for calculating the deduction for working from home (WFH) expenses, the ATO has released a draft guideline […]
Consumers could soon find out whether their financial adviser can provide tax (financial) advice through the Financial Advisers Register. Currently, the Financial Advisers Register (FAR), which can be viewed through […]
