Our latest insights

In this episode, Risk Consulting Partners and AML/CTF experts Neil Jeans and Katherine Shamai discuss the implications of the new AML/CTF Amendment Act, AUSTRAC’s expanded authority to investigate organisations, and the important questions Board should be asking management teams when it comes to the new reforms.

The ATO is cracking down on tax avoidance in the property sector, focusing on international related-party financing. With increased enforcement until 2028, private groups must review their funding structures to ensure compliance and avoid penalties.

Updates to Foreign Resident Capital Gains Withholding (FRCGW) rules effective 1 January 2025 increase the withholding tax rate to 15% and remove the $750,000 threshold, applying to all Taxable Australian Property transactions. These changes aim to boost tax compliance for property deals. Find out more how to manage your obligations and avoid penalties.

In a move to encourage property investors to make their homes available for long term rentals, the Short Stay Levy Act 2024 will come into effect on 1 January 2025, imposing a levy on the booking fees paid for short stays on Victorian properties.

Discover key tax planning steps for a smooth, tax-efficient M&A transaction.

Treasury has recently released for consultation two draft Bills, announced as part of the 2023-24 Budget, to implement incentives for new Build-to-rent (“BTR”) developments. This forms part of the Governments key policy of increasing housing supply across Australia by stimulating interest in the BTR sector.

The landscape of fuel tax credits (FTC) is constantly evolving due to ongoing economic and technological developments. This dynamic environment presents both challenges and opportunities for businesses with significant fuel consumption.

Phase 3 of Western Australia’s Security of Payment reforms came into effect on 1 February 2024. Under the Building and Construction Industry (Security of Payment) Act 2021 (SOP Act), phase 3 implements the second phase of the Retention Trust Scheme and fairer contracting practices.

In a welcome response to feedback from industry and the accounting profession, the Queensland Building and Construction Commission no longer requires entities in Category 3 or Self-Certifying Categories 1 and 2, to provide General Purpose Financial Statements.

GST and property: AAT's key ruling in Lance vs Taxation [2024] AATA 11.

Australia is set to introduce new Thin Capitalisation rules, which may limit a taxpayer’s debt deductions even more than under the current rules.

As the Real Estate and Construction industry continues to face increasing costs, thin profit margins, heightened scrutiny and regulatory changes, the potential for fraud and corruption is higher than ever. What measures can your business put in place to best stay protected in the face of rising financial crime?