The federal government has announced a one-month extension to the fuel excise rebate, providing a critical buffer for Australian motorists and businesses as they navigate ongoing cost-of-living pressures. While the relief measure is being extended, the discount will be significantly reduced compared to the previous three months, acting as a transition period before the subsidies are…
Australian tax AI startup SavvyWise has raised $1.56 million through an equity crowdfunding campaign as demand grows for artificial intelligence tools designed specifically for accountants navigating complex tax compliance requirements. Unlike generic large language models, SavvyWise is focusing on the development of ring-fenced AI models specifically trained on verified Australian tax law to eliminate the…
SkyCity Adelaide has agreed to pay a $21 million fine to the South Australian gambling regulator. The penalty, which Premier Peter Malinauskas suggests may be one of the largest financial sanctions in the state’s history, follows a series of severe breaches regarding anti-money laundering (AML) obligations and harm minimisation standards. The settlement, reached between the Liquor…
The Albanese government has announced major changes to its proposed capital gains tax reforms, introducing new concessions for small businesses and startups after weeks of industry criticism. Prime Minister Anthony Albanese and Treasurer Jim Chalmers announced the measures on Thursday, aimed at mitigating a fierce industry backlash against a proposed transition from the traditional 50…
