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Breaking news: Tax agent services (code of professional conduct) determination 2024 – transitional rule update
The Commonwealth Government has amended the transitional rule following feedback received from targeted confidential consultation with the Institute of Public Accountants and other Professional Bodies. As part of the amendment, tax practitioners will no longer be required to take reasonable steps to establish, implement and update any systems or processes that are necessary to comply with the new obligations prior to the relevant start date. More information here
Education market research survey
In continuing with IPA’s education transformation with a view to positioning IPA memberships and meeting their needs for their future, the IPA is seeking to better understand members’ preferences in relation to how they like to learn. This survey gives you an opportunity to help the IPA design tailored educational programmes, CPD, and microcredentials to best meet your needs. Find out more here
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
2024 APES110 (IESBA) audit independence quiz—the fourth edition
The APES 110 (IESBA) Audit independence quiz is back for 2024! Complete the quiz (20 Questions), submit your contact details, and receive the answers and analysis. More information here |
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Regulations for information sharing registered
The Government has registered an Instrument to add a Taskforce to the list of prescribed taskforces where the ATO is allowed to share protected information with. More information here
TPB corporate plan 2024-25 released
The TPB has released its 2024-25 corporate plan which sets out TPB’s key areas for improvement. More information here
Administrative Review Tribunal Act amendments introduced
The Government has introduced a Bill that forms part of a package of legislation that abolishes the AAT and establishes the Administrative Review Tribunal. More information here
ATO guide for employee work expenses updated
The ATO has released the updated 2023-24 version of Employees guide for work expenses. More information here
ATO guidance on promoter penalty laws
The ATO‘s practice statement on promoter penalty laws, PS LA 2021/1, has been updated to incorporate recent changes to the rules. More information here
DIS: Fidge and FCT [2023] AATA 4245
The ATO has issued its Decision Impact Statement in relation to Fidge and FCT [2023] AATA 4245. More information here
DIS: Konebada cases
The ATO has issued its Decision Impact Statement for the Konebada cases relating to acquisition of taxable supplies. More information here
Duo sentenced to jailtime for tax fraud: ATO
The ATO has issued a media release in relation to two individuals, having been sentenced for fraudulently claiming tax refunds and intentionally avoiding paying income tax. More information here |
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Bill introduced: Superannuation on government Paid Parental Leave
The Government has introduced a Bill to add a superannuation payment on the Commonwealth-funded PPL scheme for births and adoptions on or after 1 July 2025. More information here
New Family Law bill introduced - super and financial disclosure
The government has introduced a Bill that will make amendments to codify the duty of disclosure relevant to financial information in the Family Law Act, among other things. More information here
ASIC report on greenwashing misconduct released
ASIC has released a report which outlines regulatory interventions in relation to greenwashing, high-level findings, key recommendations and good practice examples. More information here
Approved SMSF auditor checklist – what we look for when auditing the auditor
The Australian Taxation Office (ATO) have recently updated their ‘checklist of SISA and SISR legal obligations, auditing standard requirements, and documents for review of SMSF auditor’. More information here |
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ASIC extends reference checking protocol to mortgage aggregators
ASIC has updated its reference checking and information sharing protocol for financial advisers and mortgage brokers to reflect legislative changes. More information here
ASIC releases 12-month strategic priorities
ASIC has released its 2024-25 Corporate Plan, introducing a new pillar to its strategic priorities. 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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