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The Latest Breaking News from ATO

Budget 2023: Business to benefit from energy assistance and renewables investment, but key tax break scaled back

Renewable energy and the transition away from fossil fuels are the government's key focus in its assistance to businesses, big and small, but a key small business tax break has been scaled back.

ABC News

Michael Pascoe: Hiding in plain sight, Labor commits to further big fossil fuel projects

The Albanese/Chalmers government went ever so gently with the gas industry because it hopes for more big new fossil fuel extraction projects.

The New Daily

Brindabella Christian College unable to 'extinguish' tax debt

It is unknown if the school is complying with conditions on its approval.

The Canberra Times

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'Payday super' changes tipped to add thousands to retirement incomes, catch more unpaid superannuation

Millions of Australian workers are set to retire with thousands more in their superannuation accounts after changes from the federal government requiring all businesses to pay their employees' superannuation on payday.

ABC News

Government will require bosses to pay workers their super on payday

A government change requiring superannuation to be paid on payday could mean a young employee will be several thousand dollars better off by retirement.

The Conversation

Labor announces payday super to crack down on billions in unpaid funds each year

The measure will deliver a ‘more dignified retirement to more Australian workers’, treasurer Jim Chalmers says

The Guardian - AU

Deliberately not paying superannuation is 'wage theft' and the government is cracking down on it

Employers who deliberately don't pay their workers their full wages and superannuation on time could face tougher penalties under a federal government crackdown, with the possibility businesses will be made to make super payments more frequently.

ABC News

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Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?

Those with some of the country's biggest HECS-HELP debts would be more than 100 years old before even coming close to paying them off without voluntary extra repayments.

ABC News

Greens call for abolition of indexing on HECS/HELP loans as student debt balloons, senate report to be tabled

A push from the Greens to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.

ABC News

HECS-HELP indexation is forecast to be higher this year. Is it still a 'good debt'?

Student debts are expected to go up by 7 per cent on June 1. If you've got a higher education debt, here's what you need to know.

ABC News

Experts say AI scams are on the rise as criminals use voice cloning, phishing and technologies like ChatGPT to trick people

Artificial intelligence is getting better at pretending to be human, and scammers are taking advantage.

ABC News

Australian Taxation Office to force banks to hand over landlord data in investment property crackdown

Exclusive: Incorrect reporting of rental property income and expenses, and failure to declare capital gains are all in the spotlight

The Guardian - AU

NSW police bust $28 million illicit tobacco plantation

Authorities seized and destroyed approximately 16 tonnes of illicit tobacco in New South Wales after police said they received a tip-off last year.

AAP

Ask the Expert: Super optimisation – how to go the extra mile with your contributions

There are opportunities to make further contributions to super. But some care needs to be taken in how you go about it.

The New Daily

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The Guardian - AU

‘A no-brainer’: paying attention early can supercharge your super

When it comes to superannuation, $1 at 30 is worth $5 by retirement. Experts share their tips on maximising your retirement savings

ABC News

Growing calls for student HECS-HELP loan indexation to be abolished as inflation sends debts soaring

A growing chorus of university graduates is calling for an overhaul of the HECS-HELP debt system, as loan amounts balloon due to high inflation.

The New Daily

Ask the Expert: How your superannuation balance might affect your pension

Question 1(a) Does your superannuation balance affect your ability to get the age pension? Does the overall balance or the income received from that

ABC News

Richard Boyle's lawyers consider court appeal on whistleblower immunity defence

A South Australian court ruling that Australia's public interest immunity laws do not allow whistleblowers to conduct "their own investigation" or collect evidence of discreditable conduct, has an expert expressing alarm.

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The Guardian - AU

Australia’s laws cannot protect whistleblowers like Richard Boyle, court finds

ATO whistleblower’s defence argues outcome contradicts objectives of whistleblower law but judge says that would sanction ‘vigilante justice’

The Guardian - AU

Afternoon Update: Labor and Greens strike deal on safeguard mechanism; anger after police shoot Indigenous man; and Israel protests

Albanese government’s signature climate policy strengthened with hard cap on emissions totalling 1,233m tonnes

ABC News

Tax office whistleblower Richard Boyle faces trial after his immunity defence fails

Former public servant Richard Boyle has lost his legal bid to be declared immune from prosecution as a whistleblower, meaning he could face the prospect of life in prison.

The Guardian - AU

ATO whistleblower Richard Boyle faces trial after immunity defence fails

Human rights advocate says decision is a ‘major blow for Australian democracy’ and shows whistleblower protections are ‘utterly broken’

AAP

Tax office whistleblower loses bid to halt prosecution

Richard Boyle, who has been charged with releasing protected Australian Tax Office information, has lost a bid to stop his criminal prosecution.

ABC News

Fifth member of Plutus Payroll's $105 million tax fraud behind bars after guilty verdict

Patrick Willmott, the fifth person charged over a $105 million tax fraud a co-conspirator described as "the largest in Australia's history", is convicted by a Sydney jury after a marathon 11-month trial.

Pedestrian.tv

Well Shit: Turns Out AI Can Access Yr Centrelink ATO Accounts By Cloning Yr Voice

Turns out AI can access your ATO accounts using voice cloning software.

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