Miranda Brownlee

Sydney

News Editor at AccountantsDaily

SMSF Adviser

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Articles

Government advised to delay payday super to avoid ‘chaotic’ transition

5 days ago | accountingtimes.com.au | Miranda Brownlee

Professional bodies and industry associations have highlighted potential issues with the proposed payday super regime and made recommendations to improve it in a recent submission to government. Accounting bodies, the SMSF Association, the Institute of Certified Bookkeepers, the Australian Bookkeepers Association and the Tax Institute have called for the government to postpone the start date of the proposed payday super regime by at least 12 months or ideally 24 months.
Government advised to delay payday super to avoid ‘chaotic’ transition

6 days ago | accountantsdaily.com.au | Miranda Brownlee

Industry associations have raised concerns about certain design aspects of the new payday super regime and urged the government to defer the start date. • • 9 minute read Professional bodies and industry associations have highlighted potential issues with the proposed payday super regime and made recommendations to improve it in a recent submission to government.
ATO issues reminder on supplementary GST returns for large businesses

1 week ago | accountingtimes.com.au | Miranda Brownlee

The ATO has reminded large businesses that they may soon need to lodge a supplementary annual GST return in a recent update. Last year the ATO announced it would be rolling out a supplementary annual GST return for public and multinational businesses that have had a GST review. "The return will allow us to better tailor our engagement with taxpayers and enable more targeted justified trust reviews requiring less resource investment for many taxpayers," it said.
Eftsure launches guarantee product to protect against fraudulent payments

1 week ago | accountingtimes.com.au | Miranda Brownlee

Eftsure said the launch of the guarantee product demonstrates Eftsure’s confidence in its own platform in terms of its ability to counteract an increasingly heightened risk environment in which fraud risks are evolving rapidly. The guarantee will complement Eftsure’s long-standing verification technology, aimed at providing customers with greater confidence in their business payments before they’re processed.
Tribunal upholds taxpayer appeal in transfer pricing case

1 week ago | accountingtimes.com.au | Miranda Brownlee

An appeal by an aluminium company has been allowed in full by the Administrative Review Tribunal of Australia in the recent decision, Alcoa of Australia Ltd and Commissioner of Taxation (Taxation and business) [2025] ARTA 482. The case involved sales of alumina by the company Alcoa which was shipped directly from its Australian refinery to a smelter in Bahrain operated by Aluminium Bahrain B.S.C (Alba). Some of the alumina for some of the periods was invoiced to Alba.
Merchant decision fortifies ATO’s position on Part IVA, accountants warned

1 week ago | accountantsdaily.com.au | Miranda Brownlee

Last month, the Full Federal Court handed down its decision in Merchant v Commissioner of Taxation [2025] FCAFC 56, which involved certain tax schemes undertaken by Billabong founder Gordon Merchant, based on advice provided by EY.
$1k standard deduction to free up ATO’s resources, says H&R Block

1 week ago | accountantsdaily.com.au | Miranda Brownlee

Labor’s proposed $1,000 standard deduction looks set to proceed following the party's win in the federal election. • • 8 minute read Tax measures announced by Labor in the lead-up to the election are likely to now progress into law after Labor managed to win the majority of seats in the House of Representatives. This includes the $1,000 automatic deduction measure, which will enable taxpayers to claim up to $1,000 for work-related expenses without the need for receipts.
ASSA 5000 start date leaves practitioners ‘inadequate time to prepare’: joint bodies

1 week ago | accountingtimes.com.au | Miranda Brownlee

A lack of consultation in relation to standards for sustainability assurance engagements has caused uncertainty and left assurance practitioners, preparers and other key stakeholders with inadequate time to appropriately prepare for new requirements, accounting bodies have said. The AUASB issued exposure draft ED 01/25 at the start of last month, which contained proposed amendments to ASSA 5000 General Requirements for Sustainability Assurance Engagements.
Whistleblower programs critical for detecting fraud, advises specialist

1 week ago | accountantsdaily.com.au | Miranda Brownlee

Organisations should ensure they have effective whistleblowing programs, with almost half of all fraud in the Asia-Pacific region detected through whistleblower reports, a fraud specialist has said. • • 7 minute read Roger Darvall-Stevens, partner and head of forensic services at RSM Australia, said establishing a proper whistleblower program is a critical part of any strategy for detecting and preventing fraud within an organisation.
Shaw decision warrants review of ATO’s approach to meal expenses: IFPA

1 week ago | accountingtimes.com.au | Miranda Brownlee

The Institute of Financial Professionals Australia (IFPA) has written a letter to Commissioner Rob Heferen, urging the ATO to review the way it administers the tax law in relation to meals expenditure claimed by truck drivers. This follows the recent Tribunal decision, Shaw and Commissioner of Taxation (Taxation) [2025] ARTA 224, which saw the Tribunal rule in favour of a long-haul truck driver who had claimed $32,782.50 in meal expenses in his tax return.