Discretionary trusts lose their tax mojo
Discretionary trusts have been a go-to vehicle but the Budget changes means they have lost their edge, says Holding Redlich.
14 May 2026
Amid questions about the role of auditors with respect to Shield and First Guardian, ASIC has undertaken to involve the accounting bodies.
Major accounting group CPA Australia has taken the Govt to task over its CGT changes claiming they represent a material policy shift.
The Government has revealed the degree to which it wants to toughen up the penalty powers available to the Tax Practitioners Board.
Major accounting group CA-ANZ is urging Treasury to allow up to five years before penalties for mistakes around Div 296 are fully implemented.
The Tax Practitioners Board has released draft guidance on the use of AI and the Code of Professional Conduct for public consultation.
Three years after the PwC scandal, a Parliamentary Committee is probing the effectiveness of accounting professional standards regimes.
The Joint Accounting Groups say the DDO regime confers powers on ASIC which the regulator has failed to adequately use on MISs.
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