The industry has also continued to experience declining profitability, with the life risk insurance sector now loss-making in aggregate. In the first half of 2019 the industry made a loss of $86 million from risk […]
ASIC has put company directors and the insolvency industry on notice that it intends to take full advantage of proposed new laws dealing with illegal phoenix activity. Illegal phoenix activity is where a new company […]
The High Court confirmed that the ATO may use information obtained from data leaks, even if leaked from a law firm. Second Commissioner Jeremy Hirschhorn said today’s decision in Glencore International v. Commissioner of Taxation means the […]
Allan Fels, University of Melbourne A “loyalty tax” occurs when discounts are offered to new customers while longer-term customers pay more. Often this involves increasing premiums at the first and subsequent renewals. As the NSW […]
The inaugural KPMG Global Banking Fraud Survey has found 61 percent of banks have reported an increase in external fraud in value and volume over the past three years. The Survey questioned banking fraud risk, […]
By Saurav Dutta, Curtin University and Lien Duong, Curtin University Credit used to be straightforward. A company that let you own something and pay for it over time was called a credit provider. It might […]
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell will look into historical cases where a small business is disputing an assessment by the Australian Taxation Office (ATO) and the ATO has commenced early […]
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