By Malavika Santhebennur
Macquarie gives Hinchliffe clean chit after KPMG meetingsFollowing a review of its 2025 audit tender process with KPMG, Macquarie has cleared two non-executive directors of breaching their duties, including Michelle Hinchliffe, who admitted to having contact with key KPMG personnel during Macquarie’s audit contract bid.
Tags: News, KPMG, auditing, audit, fte, accounting, conflict of interest, ethics, macquarie bank
PROFESSION • Carlos Tse
A taxpayer has had his legal professional privilege claim reduced and has been ordered to resubmit an expert report to support his claim that he is not a resident of Australia for tax purposes after incurring administrative penalties for returns across four income tax years.
PROFESSION • Malavika Santhebennur
A tax practitioners’ body has flagged concerns with the scope and clarity of the proposed transitional arrangements in the phased changes to the FBT electric car exemption bill.
Tags: News, tax, tax reform, budget, federal budget 2026, submission, ntaa
PROFESSION • Staff Reporter
Accounting Times is proud to reveal the stellar set of accounting practices and professionals who have been named as finalists for the third annual Commercial Finance Awards.
PROFESSION • Carlos Tse
Not all directors are appointed willingly or with a complete understanding of the company, their responsibilities, or the implications of the role, with one accounting body opposing a blanket approach to DPN administration.
PROFESSION • Miranda Brownlee
The review by the professional body found no deficiencies within KPMG’s systems and processes despite the firm currently being investigated in relation to allegations of serious misconduct.
PROFESSION • Malavika Santhebennur
The accounting body has underlined several drafting, structural, and technical implementation issues in the sustainable FBT treatment of EVs exposure draft.
PROFESSION • Malavika Santhebennur
The small business council has pressed the government to expand safe harbours in the innovative business CGT concession for founder-led businesses.
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.
Tags: News, partner, KPMG, auditing, audit, misconduct, audit reform, partnership, audit regulation, macquarie bank
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.
Tags: News, tax, legislation, employment, tax reform, budget, ca anz, employer, federal budget 2026, fiscal position, fiscal, taxation
PROFESSION • Carlos Tse
Complex, ambiguous, significant compliance burdens, and unprecedented – the government’s proposed predominant activity test for innovative business concession lands in hot water with employers.