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Middle-East conflict expected to slow global growth, increase inflation

Carlos Tse | 1 minute read

The OECD has revealed the risks of a prolonged conflict in the Middle East, with the conflict already testing economic resilience through global supply chains and energy shocks.

Oil price shock to hamper Australia’s capacity-constrained economy: Deloitte

Conflict in West Asia has thrust Australia into an unpredictable new business cycle, Deloitte Access Economics has warned in its latest quarterly business outlook.

Taxpayer wins appeal in FBT decision by full Court

The full Court has ruled that the provision of luxury vehicles for three directors of a trustee company was not a fringe benefit, overturning a previous decision on the matter.

Unaffordable housing ‘the biggest social problem’ facing Australia: Allegra Spender
Treasurer warned against 'knee-jerk' tax policy on EVs

The government should conduct a thorough review of the overall tax arrangements for all vehicles before rushing to implement yet another tax on consumers, The Tax Institute has cautioned.

Government to halve fuel excise for 3 months

Prime Minister Anthony Albanese has announced the government will cut the fuel excise by half until 30 June and reduce the heavy vehicle road user charge to zero for three months.

Lacklustre December productivity growth spurs PC to double down on reform calls

The Productivity Commission has doubled down on its calls for government policy action after labour productivity continued to disappoint in the December 2025 quarter.

Middle East crisis, rate increases reignite insolvency concerns

Insolvency volumes stabilised in the first half of the financial year, but increased pressures on businesses have sparked fears that insolvencies could rise again this year, says Insolvency Australia.

Treasurer under pressure to cut CGT discount before budget

Fatima Payman has said the government should introduce changes to the CGT discount and negative gearing now, rather than delay potential reform.

Senator airs alleged KPMG tender integrity failures, independence breaches

Deborah O’Neill has raised “serious concerns” about alleged misconduct at KPMG, including breaches of independence and the misuse of confidential information, following a whistleblower tip-off.

If Australia rations fuel, will accountants have to WFH again?
Ethics more important in the age of AI, CPA says

As CPA Australia celebrated its 140th anniversary at a gala dinner in Sydney in March, the accounting body has emphasised the continuing need for trusted, accountable professionals.