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By Malavika Santhebennur
‘This is not how good tax policy should be developed’: The Tax Institute slams tax reform processWith Treasury flagging that further tranches of legislation are needed for the CGT and negative gearing reforms, a submission argues this only increases uncertainty and costs to taxpayers.
Tags: CGT, tax, legislation, tax reform, policy, negative gearing, the tax institute, reform, submission, consultation, tranche 2
PROFESSION • Malavika Santhebennur
The professional body has urged the government to defer the start date of the CGT and negative gearing legislation and give tax practitioners more time to implement new systems.
Tags: CGT, ato, tax reform, ca anz, reform, consultation
PROFESSION • Carlos Tse
In light of the 136 per cent increase year on year in DPNs issued by the ATO in 2024–25, and its findings in a 2025 review, the Tax Ombudsman has opened consultation for its review of the ATO’s use of DPNs.
PROFESSION • Malavika Santhebennur
Amid the ongoing KPMG audit scandal, a former whistleblower has questioned the lack of proportionate repercussions for wrongdoing in accounting firms.
Tags: governance, Big Four, auditing, whistleblower, audit, big 4, misconduct, accountability, audit reform
PROFESSION • Carlos Tse
The second tranche of the CGT and negative gearing changes produces three avoidable outcomes, one investment management firm has said, making recommendations that can be made prior to 1 July 2027.
PROFESSION • Carlos Tse
The Macquarie Bank board has withdrawn its recommendation to engage KPMG as auditor, retaining PwC, after the recently embattled firm failed to meet the bank’s criteria.
PROFESSION • Jerome Doraisamy
The American arm of big four accounting firm Deloitte has agreed to pay US$21.5 million to resolve allegations of employment discrimination.
Tags: News, workplace, Deloitte, allegations, 267, United States, Trump Administration, DEI
PROFESSION • Malavika Santhebennur
Following pushback from business groups over the compliance burden, Treasury has released a consultation paper on ways to reduce the costs of sustainability reporting.
PROFESSION • Malavika Santhebennur
The Tax Office has said it is expanding its compliance action against businesses that it suspects are rorting the excise remission scheme for alcohol manufacturers.
Tags: ato, compliance, assurance
PROFESSION • Malavika Santhebennur
The Women in Finance Summit is returning in November 2026 with a refreshed focus on deliberate, high-value networking and practical career growth strategies.
PROFESSION • Miranda Brownlee
The corporate regulator must exercise its regulatory powers over auditors with rigour so that failures relating to integrity or quality result in serious consequences, a professor at Monash Business School has said.
