PROFESSION • Malavika Santhebennur

The major bank announced not only that KPMG will no longer be its external auditor but also that it will not be eligible to bid in the tender process.

PROFESSION • Malavika Santhebennur

CA ANZ has argued that the draft legislation to transition from the EV FBT exemption to a 25 per cent discount takes an “overly legalistic approach” that could result in impractical outcomes.

PROFESSION • Malavika Santhebennur

The Australian Chamber of Commerce and Industry has argued that the IBCC is “far too complex” while the definitions are “far too narrow”.

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”.

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.

PROFESSION • Miranda Brownlee

The RBA has revealed its latest interest rate decision after recent data showed underlying inflation running well above target.