New reforms under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) are sweeping, both in nature and intent – aiming to sweep clean financial and property markets fuelled…
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Anti-money laundering reforms: part one
Lawyers and accountants in AUSTRAC’s sights
New reforms under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) (AML CTF Act) are sweeping, both in nature and intent – aiming to sweep clean financial and…
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What three years of data reveal about
AI in corporate indirect tax
Key takeaways Ask an indirect tax professional whether they personally use AI, and most already say yes. 65 per cent now use publicly available GenAI tools like ChatGPT for work.…
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The tax return isn’t the deadline anymore. The transaction is.
Following insights from a recent webinar, Mark Oh explores how indirect tax compliance is rapidly shifting toward real-time reporting—driven by increasing regulatory scrutiny—and why organisations must embed AI into transaction workflows to detect, manage, and resolve issues earlier in the lifecycle. By moving beyond traditional, end-of-period processes, tax and finance teams can strengthen data accuracy, reduce compliance risk, and stay audit-ready in an always-on reporting environment.
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Australia’s 2026-27 Federal Budget: Implications for CFOs and tax leaders
This Budget reshapes Australia’s corporate tax landscape. Alongside headline reforms to CGT and trusts, businesses get new opportunities through loss carry‑back, a permanent instant asset write‑off and expanded R&D incentives—if they act early.
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How will generative AI impact tax, corporate and compliance professionals?
Generative AI will have a significant impact on tax, corporate and compliance professionals according to the Thomson Reuters’ Future of Professionals Report – Asia & Emerging Markets Edition. The survey…
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AI and cyber-enabled financial crime tops risk agenda
Cyber danger tops risk agenda, as AI and cyber-enabled financial crime becoming increasingly complex.
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Generative AI regulations considered for China EU, and US
The rise of generative AI applications has sparked regulatory reforms the world over as regulators consider generative AI regulations.
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Using On-demand Legal Documents: Aren’t They All The Same?
Not all trust, company and self-managed superannuation fund (SMSF) documents are identical. It is important to make sure that you use the correct documents for your legal situation, and ensure…
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How the ATO GST fraud crackdown can impact legitimate refund claims
The ATO has launched an investigation into large-scale GST fraud attempts, which is delaying legitimate refund claims and impacting business cashflow.
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