Media Releases
View what we have to say about topics of interest to our members and the accounting profession.
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GOVERNMENT’S PROTECTING YOUR SUPER PACKAGE MUST PROGRESS
The Coalition’s Protecting Your Super package has been stalled for far too long in the Senate and should be supported to help secure Australians’ retirement funding, according to the Institute of Public Accountants (IPA).
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REGULATION MUST COME WITH ACCOUNTABILITY AND RESOURCES
The Hayne Royal Commission’s recommendation to create a new independent ‘super regulatory’ body to oversee ASIC and APRA to drive accountabilities of the two regulatory bodies may have some merit but some fundamentals have to be addressed, says the Institute of Public Accountants (IPA).
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STP BECOMES LAW FOR ALL EMPLOYERS – GET READY
With legislation passing through Parliament today, employers with 19 or fewer employees will have to report under the Single Touch Payroll (STP) regime by 1 July 2019. Employers with 20 or more employees came under these reporting requirements as from 1 July 2018.
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IPA PRE-BUDGET SUBMISSION – TIME TO GET SERIOUS WELL OVERDUE
The Institute of Public Accountants (IPA) has submitted its pre-Budget submission to government urging for action on an array of policy fronts; in particular, the need for genuine and holistic tax reform.
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ROYAL COMMISSION FINDINGS SHOULD POINT TO TRUE TRUSTED ADVISERS
The final report from the Hayne Royal Commission should encourage the public to be seeking genuine advice and support from their trusted adviser; the accountant, according to the Institute of Public Accountants (IPA).
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POLICY TO REMOVE REFUNDABLE FRANKING CREDITS FAILS FAIRNESS TEST
More self-funded retirees are becoming aware of the implications of Labor’s proposal to remove the ability for individuals and superannuation funds to claim their full entitlement to franking credits and the Institute of Public Accountants (IPA) is questioning the unfairness of the proposed policy.
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IPA CONGRATULATES RACHEL GRIMES TO APESB POSITION
The Institute of Public Accountants (IPA) has congratulated IPA member, Rachel Grimes FIPA FFA, for her appointment as director to the Accounting Professional and Ethical Standards Board APESB).
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INSTANT WRITE-OFF EXTENSION CERTAINTY FOR NOW?
The Institute of Public Accountants (IPA) has commended the Government’s announcement to not only extend the instant asset write-off for small business but also the increase in the limit from $20,000 to $25,000.
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SUPER FUND TRUSTEES MUST BE ACCOUNTABLE
In response to the Productivity Commission report Superannuation: Assessing Efficiency and Competitiveness, the Institute of Public Accountants (IPA) refers to its earlier views made in a submission by the IPA Deakin SME Research Centre, which reinforced the 2014 Financial Services Inquiry proposed objective that superannuation is intended ‘to provide income in retirement to substitute or supplement the Age Pension’.
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IS OUR SUPER, SUPER COMPETITIVE, SUPER EFFICIENT?
In response to the Productivity Commission (PC) report Superannuation: Assessing Efficiency and Competitiveness, the Institute of Public Accountants (IPA) reiterates its views made in submissions to the PC.