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Cheers to That: Brewers Welcome Introduction of Draught Beer Excise Freeze Legislation

By API User

Cheers to That: Brewers Welcome Introduction of Draught Beer Excise Freeze Legislation Australia’s brewers and hospitality venues have today welcomed the introduction of legislation into Federal Parliament to freeze the biannual indexation of the draught beer excise for two years, sending an important signal from the Government of support for pubs and clubs in particular. The … Continued

Large companies continue to pay record levels of tax

By API User

The Australian Taxation Office (ATO) has published its annual Corporate tax transparency (CTT) report revealing large corporates paid a combined $95.7 billion in income tax in 2023–24, marking the second-highest total ever recorded. When combined with the results from our compliance programs for large business (which includes both public and private corporate groups), it is the … Continued

Targeted strike to illicit tobacco trade

By API User

This is a joint media release between Victoria Police and the ATO. A joint operation between the Australian Taxation Office (ATO) and Victoria Police has resulted in the seizure of over 18,000 illicit cigarettes and approximately $100,000 in cash from residential properties and a retail store in Melbourne. Last week, search warrants were executed at … Continued

TPB takes legal action against unregistered tax preparer

By API User

The Tax Practitioners Board (TPB) has commenced court proceedings in the Federal Court of Australia against Yan Qun Ke, seeking civil penalties and a court order to stop Ms Ke from providing tax agent services while not a registered tax practitioner (under the Tax Agent Services Act 2009 (TASA)). On 29 July 2025, the TPB … Continued

Which Australians are hit by the highest effective marginal tax rates?

By API User

12 September 2025   New research released by HESTA today reveals older Australians receiving the Age Pension are often subject to staggering effective marginal tax rates of 60% to 80%, disincentivising them from being more active in the workforce. In some extreme cases, these rates can even surpass 100%.   The report by Retirement Essentials, … Continued

TPB takes decisive action on former Managing Partner of PwC’s Tax and Legal Services division

By API User

The Tax Practitioners Board (TPB) terminated the tax agent registration of Thomas Seymour following an investigation into his conduct as a senior leader at PricewaterhouseCoopers (PwC) Australia. The TPB has also prohibited Mr Seymour from applying for registration as a tax agent for a period of 4 years. The TPB’s investigation revealed that Mr Seymour was … Continued

Mining mogul jailed for fraud

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On Friday 5 September, a West Australian man was sentenced to 7 years and 10 months imprisonment with a non-parole period of 5 years, for fraudulently obtaining over $1.13 million in GST refunds. Adam John Waterman, the sole director of mining companies Fortuna SL Mining and Advent Exploration WA, submitted 27 false Business Activity Statements (BAS). Australian Taxation Office … Continued

Cooking the books? Darwin food businesses under investigation

By API User

This is a joint media release from the Australian Taxation Office (ATO) and the Fair Work Ombudsman (FWO) This week the Australian Taxation Office (ATO) and Fair Work Ombudsman (FWO) joined forces to conduct a series of surprise visits to food sector and hospitality businesses in Darwin. The visits related to suspected shadow economy activities … Continued

Separating fact from fiction on accessing your super early

By API User

The Australian Taxation Office (ATO) is warning against the risks of accessing superannuation (super) early to pay for non-critical medical procedures or lifestyle expenses. ATO Deputy Commissioner Emma Rosenzweig cautions those who are considering accessing their super to carefully consider their circumstances and the impacts it can have both short and long term. ‘Superannuation is … Continued

False claims, real consequences for GST fraud

By API User

The Australian Taxation Office (ATO) continues its uncompromising crackdown on GST fraud, securing 4 further convictions under Operation Protego. These latest convictions push the total number of individuals held accountable under this operation to 126 sentenced to date, sending an unmistakable message that the ATO will not relent in its pursuit of those who defraud the tax … Continued