Subscribe to our newsletter.

PROFESSION

By Malavika Santhebennur

‘More like an obstacle course’: Business network pans IBCC draft laws

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

Read More
Company dodges winding-up order after assets found nearly $2m in excess of debt

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”.

Trimming R&D tax incentives a ‘big hit’ to businesses

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.

Investors want more qualitative reporting, research finds

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.

R&D investment rises to $17bn: ATO

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.

Tribunal upholds ATO decision on administrative penalties in SMSF case

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.

Tags: News, SMSF, ato

Australia ‘cannot migrate its way out of auditor capacity challenge’, warns CPA

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.

RBA announces cash rate call as inflation remains elevated

PROFESSION • Miranda Brownlee

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

Climate reporting in the Pacific: The accountant’s next big challenge

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.

New awards shine light on pioneering women in accounting

PROFESSION • Staff Reporter

Submissions have opened for the first-ever Women in Accounting Awards for those who have shaped Australia’s accounting profession.

Get in before the changes: SMSF reforms to place ‘small changes’ on trustees currently in funds

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.