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Posted on Nov 14, 2017

ASIC says China and Australia cooperate on fintech in new agreement

ASIC says China and Australia cooperate on fintech in new agreement

The China Securities Regulatory Commission and the Australian Securities and Investments Commission have entered into an agreement to promote innovation in fintech. ASIC says the Information Sharing Co-operation Agreement further underlines the significance of the Australia-China trade and investment relationship – worth $155.2 billion to Australia in 2016. For more go to http://bit.ly/1RKZe25 #kdkmedia #kdkbulletin

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Posted on Nov 7, 2017

ATO targets ride-sourcing drivers to get house in order

ATO targets ride-sourcing drivers to get house in order

If you have a ride-sourcing enterprise you must get an Australian Business Number and register for GST as soon as you start driving. You also need to include the income on your tax return at tax time. The ATO is getting data from financial institutions and they know who you are, so you better comply. For more go to http://bit.ly/1RKZe25 #kdkmedia #kdkbulletin

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Posted on Nov 1, 2017

ATO changes rules for corporate tax, Pitcher Partners

ATO changes rules for corporate tax, Pitcher Partners

The Government and ATO have yet again changed the rules as to when an entity will be required to apply the reduced corporate tax rate of 27.5% for 30 June 2017 and 30 June 2018. The rules apply retrospectively and will lead to a tax refund for some lucky souls, as well as a liability for tax (where franking credits on dividends should only have been 27.5%). It’s critical that all corporate entities review these changes, according to Pitcher Partners.

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Posted on Oct 25, 2017

HLB Mann Judd outlines potential traps in new super rules

HLB Mann Judd outlines potential traps in new super rules

Superannuation valuation rules are of real consequence to SMSFs. The value of fund assets is important if a fund member’s balance is close to the $1.6 million transfer cap balance. A member may find they are above this threshold level without realising it. With this in mind, investment valuations will become a focus for fund auditors and also the ATO. Interesting insights from HLB Mann Judd.

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Posted on Oct 17, 2017

What energy Ministers should do next, according to the Grattan Institute

What energy Ministers should do next, according to the Grattan Institute

Return stability to governance of the sector; agree on a credible emissions reduction policy; fast-track security and reliability measures; ensure access to domestic gas supplies; and reward consumers who help to reduce system costs by, for example, cutting their electricity use during periods of peak demand. This is the Grattan Institute’s response to the Australian Energy Market Commission’s Strategic Priorities Discussion Paper.

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Posted on Oct 3, 2017

Show us the benefits of Single Touch Payroll, says IPA

Show us the benefits of Single Touch Payroll, says IPA

The Institute of Public Accountants has called on the Government to show the cost benefit analysis to support the roll-out of Single Touch Payroll. The IPA says this won’t reduce regulatory burden for small business. Instead it will add to their compliance load with mandatory pay-period based reporting.

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Posted on Sep 27, 2017

ACCC inquiry into Australia’s energy affordability is a ‘tough job’

ACCC inquiry into Australia’s energy affordability is a ‘tough job’

Energy affordability issues are hitting the manufacturing industry hard, the gas supply outlook for 2018 now appears worse than two years ago, and our electricity affordability issues will be a long time in the solving. The Australian Competition and Consumer Commission is conducting inquiries into the sector, and as Chairman Rod Sims admits, it has a tough job ahead.

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Posted on Sep 20, 2017

Smart strategies to create gender equality in your workplace, WGEA

Smart strategies to create gender equality in your workplace, WGEA

The Workplace Gender Equality Agency (WGEA) has profiled eight organisations using smart strategies to create greater equality between women and men in their workplaces. WGEA said employers were increasingly aware of the strong business case for improving gender equality in the workplace and looking for ways to create lasting change.

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Posted on Sep 5, 2017

What boards need to do in NPF sector, Pitcher Partners

What boards need to do in NPF sector, Pitcher Partners

Substantial change in the not-for-profit sector continues to drive changes to board governance. Mergers within the sector result in boards that must manage large, complex, diverse not-for-profit operations across larger regions. Pitcher Partners’ benchmark survey outlines the key points in operating boards in this sector.

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Posted on Aug 29, 2017

Deloitte cuts through red tape on how government grants can help you

Deloitte cuts through red tape on how government grants can help you

Many countries including Australia offer generous grants, credits and incentives in areas such as the digital economy, energy efficiency, environment, globalisation, innovation, sustainability and training. More than 30 countries also offer specific research and development (R&D) tax incentives that apply to development activities. Deloitte shows how to cut through the red tape.

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Posted on Aug 22, 2017

Charities told to do ‘homework’ on crowdfunding, Pro Bono Australia

Charities told to do ‘homework’ on crowdfunding, Pro Bono Australia

The Australian charity regulator has warned board members of a charity to be aware of the laws that govern fundraising activities – including online campaigns. ProBono Australia says the Australian Charities and Not-for-profits Commission has released a new guide that provides simple, practical steps for those charities and individuals considering using crowdfunding to raise funds.

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