In the 2019-20 Budget, the former Government announced an intention to make ongoing ABN registration contingent on ABN holders meeting 2 additional obligations: the obligation to comply with income tax return lodgement requirements, and the obligation to update the accuracy of their details on the Australian Business Register (ABR), annually. The new conditions will make ABN holders more accountable for meeting their government obligations, while minimising the regulatory impact on businesses doing the right thing. The Government is seeking the community's views on the exposure draft legislation and accompanying explanatory materials.
Connect for success this Small Business Month
Small business owners and operators are invited to "Connect for Success" at hundreds of NSW Small Business Month events being held during November.
Albanese Government to better connect, inform and empower Australians
The Albanese Government is delivering on its commitments to better connect more Australian families, businesses and communities than ever before.
Delay to financial adviser registration
Today, the Albanese Government is announcing that it will delay the financial adviser registration requirement until 1 July 2023.
Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent.
Supporting Flooded Victorian Businesses Return To Trade
The Australian and Victorian Governments have announced an $877 million Recovery Support package, supporting businesses, farmers, and not-for-profits to rebuild and return to trade as quickly as possible, following the recent devastating floods.
John Durie: Small business 'can't avoid commitments' as ATO works through backlog of arrears
Small businesses are being warned to pay attention to their tax obligations and if in trouble, to speak up early to set repayment plans with the Australian Taxation Office (ATO), according to Michael Brereton, the president of the Australian Restructuring Insolvency and Turnaround Association.
Flood funding announced as crisis continues in regional Victoria
The state and federal governments have announced a combined $1 billion to help Victorians get back on their feet after the floods.
Rewrite unfair contracts or face penalties, businesses warned
Big businesses that have entered into unfair contracts with small firms and consumers will have 12 months to rewrite the agreements before they face penalties for the first time, the consumer watchdog and the Albanese government have warned.
