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Regulatory

War in Ukraine sparks defence spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
An unstable global geopolitical situation, most significantly due to Russia's invasion of Ukraine, has prompted a $270 billion commitment to defence spending in the Federal Budget.

Floods, fires, plagues catered to in Budget

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
Australia's recent natural disasters, including the devastating floods in New South Wales and South-East Queensland, have prompted a Federal Budget response.

Government flags $17.9bn infrastructure spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
Ahead of the Federal Budget this evening, the government has announced a $17.9 billion infrastructure spend across the country.

Budget to back aspiring homeowners

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
In a pre-Budget announcement, Treasurer Josh Frydenberg has flagged that those hoping to break into the property market can expect a win.

Greater independence for TPB

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
The Tax Practitioners Board (TPB) will have a new level of independence, after the government acted to implement the recommendations of the TPB review.

Accountants lobby for 10 budget reforms

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
Chartered Accountants Australia and New Zealand (CA ANZ) has outlined 10 proposals put to the Treasurer in the lead up to the Federal Budget.

APRA suspends IDII work, "disappointed" in industry

ELIZABETH MCARTHUR  |  FRIDAY, 25 MAR 2022
APRA has suspended its work on individual disability income insurance, which was causing huge losses to insurance companies, expressing disappointment in the industry's response.

Government vows support for SMEs, self-funded retirees

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
Small business owners and self-funded retirees will get a boost out of the upcoming Federal Budget, with the government pledging to lower uplift rates, digitalise trust income reporting and improving the pay-as-you-go (PAYG) system.

ASIC scrutinises managed fund marketing

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
ASIC is investigating the marketing of managed funds, to identify the use of misleading performance and risk representations in promotional material.

Dealer group faces anti-hawking charges

JAMIE WILLIAMSON  |  TUESDAY, 22 MAR 2022
A Brisbane-based financial advice business has been charged with anti-hawking offences after cold calling consumers and pushing them to roll over their super into a new product.