By Malavika Santhebennur
‘More like an obstacle course’: Business network pans IBCC draft lawsThe Australian Chamber of Commerce and Industry has argued that the IBCC is “far too complex” while the definitions are “far too narrow”.
Tags: News, CGT, legislation, Business, small business, australian chamber of commerce and industry, law, CGT concessions
PROFESSION • Carlos Tse
The Supreme Court of Victoria has set aside a winding-up order on the basis that a company has proved solvency, and ordered the company to pay the plaintiff for “wasted costs”.
Tags: News, fte, asset, appeal, company, 523, winding up, supreme court of victoria, 601, 547
PROFESSION • Malavika Santhebennur
Two of the proposals in the government’s draft legislation to reform the R&D tax incentive could slow investment and hurt genuine innovators, according to an R&D tax incentives specialist.
PROFESSION • Carlos Tse
One university researcher has stressed the importance of narrative or qualitative metrics in companies' industry-based reporting in a quantitative reporting-heavy environment.
PROFESSION • Malavika Santhebennur
The ATO’s data has revealed that almost $17 billion was invested in qualifying research and development by companies in 2023–24, up from $16 billion in the previous year.
PROFESSION • Miranda Brownlee
The Tribunal found the SMSF trustee intentionally disregarded the taxation law when they made misleading statements about their fund receiving an audit and affirmed the administrative penalties imposed by the ATO.
PROFESSION • Carlos Tse
With the registered company auditor landscape at a demand nearly 10 times its current capacity, one accounting body has stressed that migration cannot be the only lever to solve this shortage.
Tags: News, skills shortage, CPA Australia, Australia, auditing, war, audit, 348, 460, 510, auditor, 799, new zealand
PROFESSION • Miranda Brownlee
The RBA has revealed its latest interest rate decision after recent data showed underlying inflation running well above target.
PROFESSION • Rishneel Deo
As accountants, we share the ultimate responsibility for the integrity of the information that reaches management and the board. Climate reporting will increasingly require us to extend that discipline beyond the traditional financial statements, writes Rishneel Deo.
Tags: Opinion, News, compliance, corporate finance, climate reporting, report, 319, reporting, 640, 277, Pacific
PROFESSION • Staff Reporter
Submissions have opened for the first-ever Women in Accounting Awards for those who have shaped Australia’s accounting profession.
PROFESSION • Carlos Tse
One SMSF expert said that while only making minor changes for trustees, the new proposed reforms to the superannuation system require greater clarity to ensure those wanting to open a fund have a clear timeline.