KPMG under fire on Westpoint auditBY MICHELLE BALTAZAR | TUESDAY, 14 OCT 2008 12:40PMFinancial watchdog ASIC is suing accountancy firm KPMG over its auditing of companies in the Westpoint Group, a move that renews investor hopes to recover as much as $200 million lost when Westpoint collapsed. |
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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. Testamentary trusts will also be given a reprieve from the new tax regime.
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 released 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.
