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Regulator Update - November 2014
Friday, 31 October 2014
ATO ID 2014/31 deals with the situation of employer superannuation guarantee obligations after and an employee’s death.
Government Announcements - November 2014
Friday, 31 October 2014
The Government has given into demands for more regulation of financial planners and to assist individuals to research a potential financial planner. The Government will set up an industry-wide public register of financial advisers.
Recent Cases - November 2014
Friday, 31 October 2014
This is a cautionary tale for those that want to use their SMSF for purposes other than intended, in particular making loans to members and providing rent free accommodation to related parties.
Bitcoin Wrap-up — Launceston thinks big, college crypto-freebies, NSFW-coin
Thursday, 30 October 2014
Australian city tests feasibility of all-bitcoin economy, US college trials crypto-feebies, and an adult-film business makes a marketing thrust into an alternative payment option (with a somewhat predictable name).
Tax agents: You could be about to get a letter from the ATO on your "very high wealth" clients
Thursday, 30 October 2014
The Tax Office is about to embark on a letter campaign targeting tax professionals with very "high wealth" clients. However tax agents will still have an oppotrunity to confirm or otherwise this assesment.
Tax Office publications released
Thursday, 16 October 2014
The following Tax Office publications have been released:
Update from the Tax Practitioners Board
Thursday, 16 October 2014
The following updates have been released:
Tax Rulings, Determinations and Interpretative Decisions
Thursday, 16 October 2014
The following Taxation Rulings and Determinations have been released:
Hashtax — Australia
Friday, 24 October 2014
Mention the hashtags #MultinationalCorporations, #TaxEvasion, #austax, and #auspol, and feathers are bound for ruffling.  Take a look at how tax has affected Australian tweeps lately. 
Bitcoin Wrap-up — Community member milestone, Tel Aviv conference
Thursday, 23 October 2014
Bitcoin's US dollar value looks to be at rest, Bitcoin's Google+ community is growing steadily, and the InsideBitcoins' conference in Tel Aviv this week inspired innovative talk.
Market Watch — Facebook
Thursday, 23 October 2014
Having a social media policy is one thing, but sometimes the courts take a diferent perspective. Small businesses have recorded solid growth in latest quarter, and five tips for your day-to-day management.
Did you know ASIC classifies Facebook as a “small” company in Australia?
Thursday, 23 October 2014
A Senate estimates hearing asks ASIC representatives why they classify large multinational companies, such as Facebook, to be small companies. The answer is yet to be provided.
Bitcoin Wrap-up — Launceston thinks big, college crypto-freebies, NSFW-coin
Thursday, 30 October 2014
Australian city tests feasibility of all-bitcoin economy, US college trials crypto-feebies, and an adult-film business makes a marketing thrust into an alternative payment option (with a somewhat predictable name).
Last minute tax tips for individuals
Thursday, 30 October 2014
For individuals, the deadline for tax return lodgement is tomorrow — 31 October.  If you haven’t lodged a tax return now you’ll be needing tax agent assistance to avoid substantial fines.
SMSF Roundup — Trustees eye overseas equities,  Beware over-confidence, Old deeds risky
Thursday, 30 October 2014
Cash down, international shares up  | Your fund is not your bank: Court  |  Over-confidence danger  |  Your old deed is a risk  |  More wind-ups sign of mature sector.
ASIC demands "last resort" compensation scheme for industry victims
Wednesday, 29 October 2014
A “last resort” compensation scheme that will aid victims of failed investments and poor financial advice has been demanded by the Australian Securities and Investments Commission (ASIC) as part of a submission made to a Senate Estimates Committee and the Financial System Inquiry earlier this month.