Business and technology news, insights and analysis for forward-looking accountants and company leaders.

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Can Labor’s new super tax laws be beaten?

The noisy political war over the Labor’s new super tax laws is raging again, but a quieter battle is being fought for ways to beat them.

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Currently, any taxable entity can claim GICs and SICs as a tax deduction on their tax return. However, a federal government is planning laws to change that.

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The Australian government is proposing new regulations that would make guardrails mandatory for AI applications considered to be “high-risk”.
The ATO has revealed plans for more digital initiatives to tighten up the tax collection regime for small businesses.
ATO data-matching to include “lifestyle asset” insurers and property management software providers.