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Seeking member views - Review of AI and the Australian Consumer Law
The Treasury is ‘seeking your views on whether the Australian Consumer Law (ACL) remains suitable to: protect consumers who use Artificial Intelligence (AI); and support the safe and responsible use of AI by businesses’. Submissions are due to The Treasury by 12 November 2024. More information 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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Tax whistleblower laws extended to other tax regulators
The Government has registered regulations extending the disclosures within the existing tax whistleblower framework to the TPB, the ACNC, and the IGT. More information here
90% of tip offs deemed "suitable" for further investigation: ATO warns
The ATO has issued a media release stating more than 47,000 tip-offs were reported in 2023-24 with 90% of tip-offs analysed deemed suitable for further investigation. More information here
Government payments to service providers: ATO data-matching program
The ATO has issued a notice that it will acquire government payments data from government entities administering government programs for 2023-24 to 2025-26. More information here
Treasury annual report 2023-24 released
Treasury has released is 2023-24 annual report outlining performance against outcomes, program and performance information. More information here
GST: food of a kind marketed as a prepared meal – GSTD 2024/D3
GSTD 2024/D3 (replacing GSTD 2024/D1) sets out the ATO’s revised preliminary views on when a product is food of a kind marketed as a prepared meal. More information here
ATO-led Operation Protego sees woman sentenced for GST fraud
The ATO has highlighted another prosecution as a result of Operation Protego, the ATO-led investigation into GST fraud, and provided an update on the operation. More information here
Australian Small Business and Family Enterprise Ombudsman (ASBFEO) - Tax Concierge Service
‘The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) provides a Tax Concierge Service to help small business operators (or those who deal with their tax) navigate the Administrative Review Tribunal (ART) process’. More information here
Taxation submissions
The IPA has made four recent submissions including two joint submissions. The submissions were: ‘Senate Economics References Committee inquiry into Australia’s taxation system’; ‘PCG 2024/D2 Personal Services Businesses & Part IVA of Income Tax Assessment Act 1936 (Joint submission with CA ANZ); ‘Exposure Draft: Treasury Laws Amendment Bill 2024: Denying Deductions for Interest Charges’; and IGTO systemic reviews: draft work plan. More information here |
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Super released on compassionate grounds: ATO data released
The ATO has released data on applications received and approved for the release of superannuation on compassionate grounds for the past 6 financial years. More information here
APRA‘s 2023-24 annual report - super activities
APRA has released its 2023-24 report, including highlights of key superannuation initiatives. More information here |
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APRA registers new operational risk standards (SPS 114)
APRA has registered a new version of SPS 114 commencing 1 July 2025 which replaces the 2012 version. More information here
APRA releases material service provider register template
The use of the template is APRA’s preferred method for regulated entities to submit their registers to APRA for meeting the requirement of paragraph 51 of CPS 230. More information here
ASIC executive appointments
ASIC has announced significant appointments to its senior executive leadership team as part of its ongoing transformation program. 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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