The final report into the quality of financial advice review has been released containing 22 recommendations to the regulatory framework in order to increase the accessibility and affordability of quality […]
The government has announced that it will abolish the Administrative Appeals Tribunal (AAT) and replace it with a new federal administrative review body. According to Attorney-General, the Hon Mark Dreyfus, […]
Recently, Assistant Commissioner Jennifer Moltisanti reflected on the ATO’s administration of not-for-profits and outlined behaviours which may attract unwanted attention in the not-for-profits space. The two most current and pressing […]
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 […]
