IFRS eliminates need for GAAP reconciliationTUESDAY, 10 MAY 2005 8:17AMThe US Securities Exchange Commission (SEC) has announced it will eliminate the need to reconcile foreign financial reports filed with it back to the US Generally Accepted Accounting Principals (GAAP) if the foreign entity uses International Financial Reporting Standards (IFRS) to prepare its accounts. |
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Start-ups, small businesses win CGT reform carveouts
|Treasury has unveiled a package of capital gains tax (CGT) discount carveouts targeting small businesses, and start-ups and their investors following backlash since the reforms were announced in the Budget on May 12.
Aware Super sells majority stake in water portfolio
|Aware Super has sold a majority portion of its Australian water portfolio from the southern Murray-Darling Basin.
ASIC slaps adviser with 10-year ban, strips AFSL
|ASIC has banned Brett Newbound of Victoria, a financial adviser and the sole director of Freedom Wealth Services, which has subsequently lost its AFSL.
ATO reveals highest paid jobs, postcodes
|Victoria is home to Australia's highest earning postcode for the first time, according to newly release Australian Taxation Office (ATO) data, as taxable incomes, capital gains and superannuation balances continue to climb.
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Featured Profile
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
