The bill as it currently stands imposes an additional 15 per cent tax on a proportion of earnings relating to super balances over $3 million from 1 July 2025 as well as disclosure requirements in the ...

For practitioners, compliance with these codes is crucial. Two new codes, namely Code 15 and Code 16, were implemented on 1 January 2024. Code 15 prohibits registered practitioners from employing or ...

The government has confirmed a range of important exemptions for child recipients, structured settlements and deceased members in relation to the $3 million super tax in draft legislation released ...

Ruth Owen, Inspector-General of Taxation and Taxation Ombudsman (IGTO), has today released her report into the identification and management of financial abuse within the tax system. The report ...

A looming tax on high superannuation balances is set to reshape retirement planning, but the vast majority of pre-retirees are unprepared for it, according to research from Generation Life. Insurance ...

“Auditors come from all sectors – corporate, public and not-for-profit. They ensure good governance, accountability and trust.” Moore Australia provided Accountants Daily with comments from its ...

The Tax Practitioners Board (TPB)has provided further information for tax practitioners on Section 15 of the Tax Agent Services (Code of Professional Conduct) Determination 2024 and its proposed ...

The reforms, announced in the 2023–24 mid-year economic and fiscal outlook, would amend the Income Tax Assessment Act 1997 to scrap deductions for general interest charges (GIC) and shortfall interest ...

The IESBA’s code forms the basis of accounting ethics rules in over 130 jurisdictions, including Australia. As a result, IESBA chair Gabriela Figueiredo Dias said the body would be “proactively ...

The dob-in provisions or breach reporting rules are one of the most significant changes passed in the new provisions to the Tax Agent Services Act in November, according to Robyn Jacobson, senior ...