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Family trust rules are punishing honest mistakes: reform can’t wait

Australian AI Awards 2025 winners unveiled
Board of Taxation publishes finalised Voluntary Tax Transparency Code redesign

The Board of Taxation has finalised its redesigned Voluntary Tax Transparency Code, reflecting transparency shifts including Australia’s new public country-by-country reporting regime.

Treasury opens consultation on External Reporting Australia draft legislation

Treasury is proposing an oversight body merger of multiple standards boards in a move to bolster the accounting profession and “position Australia’s financial reporting system for the future”. ...

‘All hands on deck': RSM’s tips to prepare for climate-related financial reporting

As mandatory climate-related reporting requirements take effect, RSM Australia has said that well-prepared firms see the smoothest transitions while late starters struggle.

Greens launch Senate inquiry into ‘unfair and unequal’ CGT discount

The Greens have secured a Senate inquiry into the CGT discount to assess its impact on productivity, housing affordability and fairness in the tax system.

APRA reveals further update to governance review

The Australian Prudential Regulation Authority has conducted a review of its governance standards to ensure clear, contemporary minimum expectations are set for the board and senior leadership.

Malaysian utility company wins CGT dispute with ATO

In a recent tax dispute, the Federal Court ruled that transmission lease assets held by foreign residents are not taxable Australian real property and therefore not subject to CGT.

Accounting bodies to support ASIC crackdown on audit reporting quality

CPA Australia and CA ANZ are backing the corporate watchdog’s refreshed commitment to its surveillance efforts of audit quality, breach reporting and independence requirements.

Environmental law reforms ‘miss the mark’, business bodies say

The Australian business community believes the recently introduced environmental law reform “needs work” to effectively drive productivity, protect the environment and create certainty for businesses. ...

Deloitte AI debacle underscores need for government contract transparency: OCP

The recent Deloitte AI report debacle has sparked fresh calls for stronger government procurement and contract management standards in the AI age.

‘Improvement is needed:’ ASIC review finds audit quality, independence concerns

ASIC has it will expand its audit surveillance efforts after its 2024–25 report revealed issues with audit quality, breach reporting and independence requirements.