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News

By Carlos Tse

Taxpayers win 1 of 11 appeal grounds for contractual relationship claim

Out of 11 grounds of appeal, three taxpayers have succeeded in setting aside a single ground against the Commissioner of Taxation on an error of law by the Administrative Review Tribunal.

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Expert discovers scope 3 reporting ‘completeness’, efficiency hack

PROFESSION • Carlos Tse

One corporate reporting expert has revealed that auditors struggle to achieve completeness in their emissions reporting because they lack a centralised system to draw their data from.

Logistics group cops $600k fine for failing to lodge financial reports

PROFESSION • Malavika Santhebennur

ASIC has issued infringement notices to three companies within a logistics operator and flagged that it should serve as a warning to other companies about lodging financial reports on time.

KPMG legally advised that ‘no further action was needed’

PROFESSION • Carlos Tse

The firm was "not considered" to have breached its code of conduct and values, according to legal documents that reveal the firm was advised it would not be required to take any further action...

2 more senior executives depart KPMG

PROFESSION • Amelia McNamara

The scandal-plagued accounting firm has seen another two top officials depart days before the next scheduled public hearing into allegations of misconduct and whistleblower mismanagement.

Tags: News, KPMG, executive

RBA keeps rates on hold amid softer inflation data, declining house prices

ECONOMY • Miranda Brownlee

The RBA has decided to keep the cash rate target on hold at 4.35 per cent after the June Consumer Price Index (CPI) data came in below the RBA's expectations.

Grant Thornton Australia says $1bn buyout to feed burgeoning growth strategy

PROFESSION • Carlos Tse

Following its confirmation that it will be joining Grant Thornton’s global multinational platform, the domestic operation has said while services remain the same, it will realise “market-leading...

Repeal of some tranche 1 provisions induces head-scratching

TAX • Carlos Tse

Following the second tranche of CGT and negative gearing provisions, one tax expert has stressed that small businesses must wait for the rubber stamp before restructuring.

‘Dangerous path’: IPA calls for super system stability

PROFESSION • Matthew Taylor

The institute has cautioned against using Australians’ superannuation savings to address government budget shortfalls, stressing that retirement savings should remain dedicated to their intended...

Director ordered to pay $2m after ‘bare denial’ does not stand against insolvency presumption

PROFESSION • Carlos Tse

After a company failed to keep financial records, pay its debts, and overstated its financial position before it went into administration, one director has been ordered to pay more than $2 million to...

AFSA unveils 2026–27 priorities amid rising insolvencies

PROFESSION • Matthew Taylor

The Australian Financial Security Authority has released its year in review and outlined its priorities for 2026–27.

Myriota appoints new CFO

PROFESSION • Carlos Tse

The company has appointed a technology veteran as its new chief financial officer.

Tags: News, CFO, appointment