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The Latest Breaking News from ATO

ASIC has comprehensively failed and its role should be split in two, according to long-awaited report

Australia’s corporate watchdog, the Australian Securities and Investments Commission (ASIC), should be broken up and replaced by new and more responsive regulatory agencies, a damning report has found.

The Conversation

Here’s How To Do Your Tax Return And What The ATO Is Cracking Down On This Year

It's officially a new financial year, so here's everything you need to know about how to do a tax return in Australia in 2024.

Pedestrian.tv

The ATO Issued A ‘Yuge Warning To Aussies Making Deductions As Tax Returns Are Around The Corner

The Australian tax Office (ATO) issued a warning to Aussies about "double dipping" in their tax claims this year. Watch out.

Pedestrian.tv

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Here’s How Much It *Really* Costs To Win A Car, If You’re Sad You Didn’t Win Mr Beast’s Giveaway

If you were lucky enough to win the Mr Beast car giveaway in Sydney, or another car giveaway, here's how much it'll cost you.

Pedestrian.tv

'Investigating' not covered by whistleblower law: court

A court has rejected a whistleblower's appeal against a ruling that found he was not immune from prosecution related to evidence of unethical tax debt recovery.

AAP

Got an investment property? Your tax returns will be 'in the spotlight this tax time'

New investment properties are expected to be the most scrutinised.

The Canberra Times

ATO whistleblower to face trial after appeal dismissed

The SA Court of Appeal has dismissed tax office whistleblower Richard Boyle's appeal against a decision that he was not protected by whistleblowing laws.

AAP

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These Are The 10 Highest Paying Jobs In Australia & Does Anyone Have A Hot Single Surgeon Friend

The ATO has revealed a list of the top 10 highest paying jobs in Australia and one industry has dominated it with half the spots.

Pedestrian.tv

Dodgy landlords warned against 'double dipping' on tax

The tax office is warning property owners to keep their records up to date and beware of submitting property claims that could need fixing.

AAP

The PwC scandal sparked scrutiny of advisory firms. Is Australia’s consulting sector about to see a reckoning?

Accountability and regulation are set to be prominent as the federal inquiry releases its final report on Wednesday

The Guardian - AU

Beware of ‘tax hacks’ to maximise your return this year. The tax office is taking a close look at incorrect claims

For many people a tax refund is a much-anticipated lump sum of money.

The Conversation

PwC to face scrutiny over advice to clients that might allegedly ‘mislead or subvert’ foreign investment review board

ATO discloses concerns that date back to 2019 in response to questions from Greens senator Barbara Pocock

The Guardian - AU

Accounting firm controlled by Exclusive Brethren church to close after extraordinary ATO raid

It is not known if decision to shutter division of secretive sect’s umbrella company has any link to raid reportedly conducted ‘without prior notice’

The Guardian - AU

Sweet potatoes to faster passports: things you might have missed among 7,200 pages of budget papers

Not every measure makes the headlines, here we look at some of them – from a French re-connection to milk mix-ups in this year’s budget

The Guardian - AU

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Newcastle Herald

Power station health concerns present for years

Newcastle Herald letters to the editor May 13, 2024

The Canberra Times

Gloria Jean's unpaid super scandal plagues NSW South Coast

Claims have been made by Nowra employees.

The Guardian - AU

Online ads promote ‘simple’ access to super to pay for healthcare, despite strict rules

Peak consumer body and financial services minister warn against private providers encouraging patients to tap into super to fund medical procedures

The Guardian - AU

A trade union for free speech? Battle lines drawn over groups that claim representative status

The Free Speech Union says its members can claim fees as a tax deduction, but ACTU argues unregistered unions cannot provide effective representation

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AAP

Data could end year-long holiday home tax breaks

The outgoing ATO boss said new data methods could stop Airbnbs being claimed for tax deductions when they're not being rented out.

AAP

Outgoing ATO boss calls for greater tax office powers

The tax office's outgoing commissioner said the ATO should have powers to collect evidence in its investigations, rather than rely on federal police.

The Guardian - AU

Afternoon Update: Swiftmania hits Melbourne; 78-year-old robotax victim ‘distressed’; and New York sues ‘addictive’ social platforms

ATO faces scrutiny for pressuring people to repay old debts in a campaign drawing parallels with Centrelink’s robodebt scandal

AAP

Tax office staff suspects in $2 billion GST refund scam

Up to 150 Australian Taxation Office staff are suspected of taking part in a social media scam that swindled $2 billion in GST refunds.

The Guardian - AU

Consultancy firms divided on controversial tax scheme as ATO threatens action

EY and KPMG won’t end practice of partners legally splitting part of income with spouses to reduce their tax burden

The Guardian - AU

‘Deadly serious’: Australian regulators criticise PwC refusal to hand over report into tax leaks

Consultancy’s global executive says report suggests there’s no evidence confidential information was used for commercial gain

Newcastle Herald

Jail term for ex-Hightrade boss over Hunter tax fraud

'This was not an ordinary business operating legitimately'

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