All posts tagged "ATO"
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562AML / KYCJ5 Publishes Red Flag Indicators to Address NFT Risks
Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.
May 6, 2022 -
276AML / KYCAustralia Launches New Director ID Regime
Directors will face penalties for not applying for a director ID on time, for providing false ID information, or intentionally applying for multiple director IDs.
November 8, 2021 -
235Australia & NZ
ASIC to Assume Responsibilities for Financial Advice Industry
Financial advisers providing personal advice to retail clients have to register with ASIC by 1 January 2023. ASIC will also administer the financial adviser exam.
November 7, 2021 -
570AML / KYCAustralia Senate Report Proposes New Crypto Licensing Regime
The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
October 22, 2021 -
563Australia & NZ13 Super Funds Fail APRA’s First Performance Test
If the failing super funds do not improve in next year's test they will have to transfer their members to funds that deliver better outcomes.
August 31, 2021 -
352Australia & NZATO Consults on Tax Implications of IBOR Reform
The ATO has set out in a discussion paper the most common tax consequences that may arise from the transition from LIBOR to RFRs.
August 20, 2021 -
214AML / KYCAustralian Mining Magnate Charged Over A$38.5m Tax Evasion
The founder of a mining software and equipment company did not disclose overseas trust assets and evaded income tax over 15 years.
August 4, 2021 -
342Australia & NZAustralia: Industry Body Seeks Greater Clarity on Crypto Regulation
Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.
July 30, 2021 -
275AML / KYCEftpos Launches Business to Make Digital IDs Interoperable
ConnectID acts as a ‘broker’ between identity providers, securely facilitating identity verification and data exchange, without storing identity data.
July 1, 2021 -
987AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021
