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Reinstate accountants’ advice exemption says IFPA

Reinstate accountants’ advice exemption says IFPA

The accountants' exemption ceased to exist in 2016 but IFPA wants its modified and returned to address the financial adviser shortage.
Levy MISs, not SMSFs say accountants

Levy MISs, not SMSFs say accountants

With submissions having closed on consultations around funding for the CSLR, accountants are reinforcing the need to levy MISs, not SMSFs.
High Court UPE trust decision welcomed

High Court UPE trust decision welcomed

The Tax Institute and broader accounting sector has welcomed the High Court's Decision with respect to the Commissioner of Taxation v Bendal.
Senior leadership appointment

Holding Redlich hires ex-ATO official amid regulatory pressure

Binaya Dahal 25 May 2026 No Comments

Holding Redlich has tapped former ATO official Michael Patane as partner, bolstering its tax bench amid intensifying scrutiny.

Family trusts

Discretionary trusts lose their tax mojo

Mike Taylor 14 May 2026 4 Comments

Discretionary trusts have been a go-to vehicle but the Budget changes means they have lost their edge, says Holding Redlich.

Hands rising from graves

CPA Australia warns on resurrecting ALP’s 2019 tax package

Mike Taylor 6 May 2026 2 Comments

Major accounting group, CPA Australia, has warned the Govt against seeking to resurrect its 2019 tax on minimum trust distributions.

Large foot stepping on businessman

Joint Groups oppose giving TPB excessive powers

Mike Taylor 30 April 2026 One Comment

The major accounting and advice groups have warned that proposals to increase the powers of the TPB risk a denial of natural justice.

Blocks spelling out scrutiny

ASIC’s accountants undertaking on Shield, First Guardian

Mike Taylor 23 April 2026 No Comments

Amid questions about the role of auditors with respect to Shield and First Guardian, ASIC has undertaken to involve the accounting bodies.

tax surprise

Govt CGT changes are a material adverse policy shift

Mike Taylor 14 April 2026 No Comments

Major accounting group CPA Australia has taken the Govt to task over its CGT changes claiming they represent a material policy shift.

Policy smashing the super indsutry

Govt consults on tough new TPB powers

Mike Taylor 13 April 2026 No Comments

The Government has revealed the degree to which it wants to toughen up the penalty powers available to the Tax Practitioners Board.


INDUSTRY NEWS

In a world without bank hybrids, what’s next for income investors?

Financial Newswire Contributor 23 June 2026

Industry News

No Comments

As bank hybrids are being phased out, many investors are seeking new ways to generate reliable income. And subordinated debt is stepping in.

Trade Finance whitepaper: Access uncorrelated alpha potential

Financial Newswire Contributor 5 June 2026

Industry News

No Comments

Trade finance has demonstrated resilience across global shocks, combining short‑duration, self‑liquidating structures with historically low volatility

Investing Across the Bond Market Cycle

Financial Newswire Contributor 1 June 2026

Industry News

No Comments

With government debt at record highs, what other areas of the bond market could potentially enhance a portfolio’s defensive characteristics?

Re-thinking TPD: Why Severity Matters More Than Ever

Financial Newswire Contributor 1 June 2026

Industry News

No Comments

From an interview with MyRisk Adviser, this article explores how TPD Severity can support clearer advice and better client outcomes.


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Rules and regulations

Accountants urge 2-year breather on Div296 penalties

Mike Taylor | 13 April 2026Major accounting group CA-ANZ is urging Treasury to allow up to five years before penalties for mistakes around Div 296 are fully implemented.
Seated businessman springs over tax

TPB’s draft sheet says AI won’t shift practitioners’ responsibility

Binaya Dahal | 25 March 2026The Tax Practitioners Board has released draft guidance on the use of AI and the Code of Professional Conduct for public consultation.
Nerd accountant

Committee probes accounting standards regime

Mike Taylor | 19 March 2026Three years after the PwC scandal, a Parliamentary Committee is probing the effectiveness of accounting professional standards regimes.
Disjoint

Much-vaunted DDO regime no help on Shield, First Guardian

Mike Taylor | 5 March 2026The Joint Accounting Groups say the DDO regime confers powers on ASIC which the regulator has failed to adequately use on MISs.
Practicing without a license

Mortgage brokers, accountants warned on unlicensed advice

Mike Taylor | 20 February 2026Mortgage brokers, accountants and real estate players have been warned about drifting into unlicensed advice via utilising tools and apps.
Oversight

Increase ASIC oversight of adviser PII say accounting groups

Mike Taylor | 19 February 2026The major accounting groups are urging that ASIC adopt the same approach to adviser PII monitoring as the TPB on tax practitioners.
Man misses target

Govt accused of wimping it on PWC scandal response

Mike Taylor | 18 February 2026The Institute of Public Accountants has accused the Govt of throwing small accountants under the bus by failing to act on the big players.
Tax deductible post-it note

Call for periodic reviews of Govt levies

Mike Taylor | 11 February 2026The Federal Government should use its May Budget to finally make financial advice fees tax deductible while subjecting levies to review.