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ASIC bans former PwC partner over tax scandal

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... PwC Action Plan includes recommendations from independent reviewer Ziggy Switkowski. As part of the plan, PwC said it will apply corporate governance principles and recommendations handed down by the ASX to the extent it is feasible. According to the ...

Calls for paid menopause leave gather momentum

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... frequency; and whether a worker's experience with menopause means they're more likely to retire early or less likely to apply for a promotion. "The finance industry has a stubbornly high gender pay gap of 28% and providing workers with menopause ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... dishonesty. However, a banning order was justified, given the potential for such conduct to harm clients. Durant has the right to apply to the Administrative Appeals Tribunal for a review of ASIC's decision.

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... proposed law states that for members with total superannuation balances of $3 million, the concessional tax rate of 30% will apply. Those with less than $3 million will be taxed at 15%. The proposed changes housed under two draft legislations - Treasury ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI  |  TUESDAY, 26 SEP 2023
... other supplementary benefits for a longer period when they first get back into employment. The government said this will apply to recipients of JobSeeker, Youth Allowance, Austudy, ABSTUDY, Parenting Payment, Age Pension, Disability Support Pension and ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... said the charges were the result of the bank's "inability to manage its own computer systems and its unwillingness to apply sufficient resources to remedy the problem in a timely manner." The conduct, being the overcharging of fees after learning ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... 100% from $7.8 million. The government will also look to expand tax promoter penalty laws so they're easier for the ATO to apply to advisers and firms that promote tax avoidance. Further, it will increase the time limit for the ATO to bring Federal Court ...

AI to revolutionise investment industry: Research

CASSANDRA BALDINI  |  WEDNESDAY, 13 SEP 2023
... productive activities, while 22% reported that AI and big data adoption led to reduced headcount. "How firms and professionals apply such technology, particularly in harnessing the combinatorial power and complementary skills of humans and machines on ...

Industry high flyers join JANA board

ELIZABETH FRY  |  MONDAY, 11 SEP 2023
... continue to support clients in managing risk and attaining strong, sustainable investment outcomes." Seale said she was keen to apply her experience across industries and governance frameworks to support JANA in its mission to make a positive difference ...

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... more ways of satisfying the conditions for an approved qualification in the AQD. Under the new law, new entrants can also apply to the minister for approval if they completed a qualification in the AQD but have not met all the conditions attached to ...