FTX collapse renews urgent need for cryptocurrency exchange regulation
The FTX debacle has resulted in renewed calls to action for crypto regulation, particularly when it comes to cryptocurrency exchanges in Australia.
Labor agrees to multi-employer bargaining concessions as it pushes to pass legislation before Christmas
The federal government is optimistic that amendments to its industrial relations reform package, including tweaks to its multi-employer bargaining plans, could secure its support in the Senate.
Crypto crackdowns, investment scams and greenwashing targets at ASIC’s Annual Forum
ASIC has revealed its enforcement priorities with suspicious crypto companies, investment scams and greenwashing at the top of its hit list.
ATO looks to bridge $33 billion tax gap by collecting unpaid debts from small business
The federal government is putting tax dodgers on notice over billions in unpaid taxes.
ATO spends $3.2 million to push director ID registrations as deadline approaches
Anyone who is a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation is required to register and director identification number by November 30.
Labor introduces legislation to ban unfair contracts for SMEs, heap $50 million penalties on anti-competitive businesses
Penalties of $50 million for companies found to have engaged in anti-competitive behaviour could soon be a reality, as the federal government tables legislation that could drastically increase the risks of breaching competition and consumer law.
John Durie: Companies that breach competition law could be fined $50 million under new Labor plan
"It’s hard for small businesses to compete if larger companies use sneaky tactics to try to dominate the market," said Assistant Treasurer Stephen Jones.
“Think of it as insurance”: As business scams mount, Financial Services Minister Stephen Jones says it’s time to adopt eInvoicing
It is "critical" for small businesses to protect their payments with Australia's new eInvoicing protocol, Minister for Financial Services and Assistant Treasurer Stephen Jones says.
Labor claims Coalition left Australia’s business registry project $1 billion over budget
An unexpected billion-dollar increase to the cost of modernising Australia's business registry system will heap pressure on the new Labor government, Assistant Treasurer Stephen Jones says, foreshadowing tough budget cuts in the months to come.
Why is Labor trying to wind back superannuation reforms, and what could be the outcome?
Assistant Treasurer Stephen Jones has asked the Treasury to consider concerns relating to the “regulatory complexity” of a requirement that super funds act in their members' best financial interests.
Australian BNPL sector touts $14.3 billion in economic benefits as lawmakers weigh the fate of pay-in-four providers
As Australian lawmakers consider how best to regulate the BNPL sector, a leading industry group claims pay-in-four systems provide a massive boon to local retailers and benefit local consumers.
Labor plans to rein in BNPL under traditional credit laws, adding new regulatory scrutiny to pay-in-four providers
It's time to "start working on regulating" the BNPL sector "within the credit space", Financial Services Minister Stephen Jones said.
