Recent court rulings have broadened the reach of the Coal Long Service Leave Scheme, creating new compliance risks, remediation opportunities and a limited window for eligible employers to reduce historical levy liabilities, as highlighted by Kevin Ferdinands, Roshan Labrooy, Sam Gathercole and Sophie Rosemann.
Read the articleATO's latest advice and guidance contains a draft superannuation guarantee determination on its view on the definition of qualifying earnings.
The financial regulators estimate the changes will reduce reporting for all accountable entities and approximately 4,500 accountable people and halve the number of updates to accountability maps.
The Ombudsman's draft work plan sets out 10 possible systemic review topics, however the Ombudsman wouldonly be able to undertake four systemic reviews on key topics of interest per year.
The data highlights broader concerns about Australia's declining standard of living and long-term economic prosperity, writes KPMG Australia’s Chief Economist Brendan Rynne.
Australia’s fintech landscape sees investment activity being increasingly concentrated in a smaller number of strategic transactions involving more mature fintechs.
KPMG’s latest report on current economic conditions and emerging indicators of financial stress across the Australian economy finds business confidence deteriorating and the housing market showing signs of a correction.
The Global Minimum Tax is estimated to reduce profit-shifting substantially with a reduction of between 22.6 and 44.6 percent.
The persistence of core inflation, during a period where growth is modest and slowing and geopolitical and economic uncertainty is high, will keep the RBA Board awake at night, writes KPMG Australia Chief Economist Brendan Rynne.
Compliance notices issued on 23 June 2026 for missed reports, alongside further published fines, reinforce the Regulator’s continued focus on non-compliance under the scheme.
