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Self-reporting obligations As per by-law 2.1.2, all Members are required to advise in writing if they become bankrupt, if they are charged with a criminal offence, or if they are subject to an adverse finding from another professional or regulatory body. Find out more here
IPA Register of Members The board of directors extend their congratulations to all new members and those who have advanced in status. View the Register of Members here
Update your email preferences Based on the results of our satisfaction survey, we have changed the way we send you emails. You can now select which CPD topics and member offers you are interested in. More information here |
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ATO webinar recording: Continuing the focus on Division 7A The ATO’s webinar ‘Continuing the focus on Division 7A: answers to frequently asked questions’ is now available to view and share’. More information here
Small Business and Charities Measures Bill 2023 passed – no amendments, $20K instant asset write-off extension unchanged The Bill has passed and enacts measures including the $20K instant asset write-off, small business energy incentive and super fund non-arm‘s length expenses. More information here
ATO highlights pitfalls for rushing to lodge early before "tax ready" The ATO has reminded taxpayers that lodging their tax return before their income statement is marked as "tax ready" has a higher chance of mistakes and incomplete information. More information here
Statutory review of the Meetings and Documents Amendments: Treasury consultation The Government has appointed a Panel to conduct the review and issued a consultation paper seeking feedback considering the effects of the changes introduced by the 2021 and 2022 Acts. More information here
Reasonable travel and overtime meal allowance amounts for 2024-25 The ATO has released TD 2024/3, its annual ruling setting out reasonable amounts for 2024-25 in relation to employee claims for reasonable travel and overtime meal allowances. More information here
ACT Budget 2024-25 The ACT 2024-25 Budget has been handed down. Revenue related highlights include items relating to housing, payroll tax, land tax and a new short-term accommodation levy. More information here
TASA changes: TPB issues summary The TPB has summarised changes to the TASA and TAA regarding information sharing with Treasury and disciplinary bodies, whistleblower protection, investigation powers and public register changes. More information here
Tax agent ban for non-compliance with AAT order The TPB has issued a compliance case study where a tax agent was banned for breaching multiple Code of Professional Conduct items. More information here
Build-to-Rent Bill split: sent to Committee The TLA (Responsible Buy Now Pay Later and Other Measures) Bill 2024 has been split into 2 bills in order to insert the Build-to-Rent measures into standalone legislation. More information here
Hydrogen and critical minerals production tax incentives: Treasury consultation Consultation papers have been released seeking views from interested parties on the design implementation details for the hydrogen and critical minerals production tax incentives. More information here |
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Meaning of employee for super guarantee purposes The ATO has released a draft update to TR 2023/4, its ruling on when an individual is an "employee" for PAYG withholding purposes. More information here
Sustainable Finance Roadmap ‘On 19 June 2024, the Australian Government released the Sustainable Finance Roadmap (Roadmap), setting out its vision for the implementation of key sustainable finance reforms and related measures’. More information here |
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ASIC reminder to submit notices for experienced provider pathway ASIC has reminded AFS licensees they are required to lodge a notice where they have received a written declaration from a financial advisor eligible to access the experienced provider pathway. More information here
APRA supervisory levy determination for 2024-25 APRA has registered the APRA Supervisory Levies Determination 2024 setting out the financial institutions supervisory levies for the 2024-25 financial year. More information here
APRA preparing super funds for CPS 190 recovery and exit planning ASIC has issued a letter sharing initial observations from its targeted thematic review of the super industry’s preparedness for CPS 190 Recovery and exit planning. More information here |
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ASIC News Updates from ASIC in the past week including media releases, news, articles and speeches. More information here
APRA News Updates from APRA in the past week including media releases, news, articles and speeches. More information here |
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Proposed legislative amendments, government announcements and consultations Updates on recent consultations. More information here |
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