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Early access to super used to pay mortgages, credit cards, bills New data shows that nearly a third of those who applied for early access to their superannuation as a result of COVID-induced financial hardship used the money to pay the...
Illegal early access scheme operator pleads guilty A financial adviser who operated a scheme providing illegal early access to superannuation funds for his clients has now pleaded guilty to two count of deception. ...
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Morrison reveals deregulation plan to save businesses $430m In the lead-up to the federal budget, the Prime Minister has announced his government will spend $120 million on deregulation to save Australian businesses $430 million a...
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‘Extremely risky’ bank request on the rise, accountants warned Accountants are increasingly being pressured to provide capacity to repay statements, as real estate agents and landlords join the banks in shifting credit assessment ris...
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Government reveals new disciplinary regime for tax financial advisers Practitioners providing tax financial advice will no longer need to be registered with the Tax Practitioners Board under draft legislation released by the government on M...
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Tribunal upholds agent’s registration termination for ‘grossly’ misapplying tax law A tax agent who amended tax returns without consulting his clients, failed to pay personal tax debts and misled members of the board has seen the TPB’s decision to term...
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FSC pushes for financial advice reform The Financial Services Council (FSC) is hoping to drive a massive simplification of advice in order to prevent it from being increasingly unaffordable for the everyday co...
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ASIC extends COVID-19 record of advice relief The corporate regulator’s record of advice relief measure has been extended to 15 October, with an option to withdraw it sooner. Write comment (1 Comment) ...
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‘More Australians in work than ever before’: Frydenberg The latest round of employment data showed employment, participation and hours worked all up for March. Write comment (0 Comments) ...
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Australian Accounting Awards 2021 shaping up to be closely contested Nominations for the Australian Accounting Awards are coming to a close, with 36 awards set to be hotly contested this year. Write comment (0 Comments) ...
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Director ID regime takes shape as ATO assumes new registrar role ASIC staff will begin moving to the ATO as the government prepares for the imminent rollout of the new director identification number regime. Write comment (6 Co...
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