ATO cuts tax penalty waiver approval rate from 90pc to 70pc
A spokesperson for the ATO said the agency had this year launched a review into its process for granting full or partial penalty waivers 'to ensure consistency in decision-making'. Taxation Ombudsman Ruth Owen is also reviewing the process and will report back by January 2026.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
SBS Australia
43 minutes ago
- SBS Australia
Federal judge dismisses COVID cruise ship class action appeal but negligence ruling upheld
Federal judge dismisses COVID cruise ship class action appeal but negligence ruling upheld Published 29 July 2025, 6:46 am Federal judge dismisses COVID cruise ship class action appeal but negligence ruling upheld ABSTRACT: The Federal Court has dismissed two appeals related to the class action against Princess Cruise Lines over the Ruby Princess COVID-19 outbreak in 2020. One appeal sought to increase compensation for a passenger, while the other was filed by Carnival Cruises, challenging an earlier court finding of negligence.
SBS Australia
3 hours ago
- SBS Australia
Working two or more jobs? Here's how to prepare your tax return
Registered tax agent Jocelyn David recommends waiting for your employers and financial institutions to upload pre-filled income information before lodging. Whether you're working two part-time jobs, doing freelance work under an ABN, or earning a bit on the side, all income must be included in your tax return. Choose your main job to claim the $18,200 tax-free threshold. Your second or third employer should withhold tax at a higher rate. PAKINGGAN ANG PODCAST SBS Filipino 11:55 Filipino The information and explanations in this podcast are for general guidance. For personalised advice and details specific to your situation, please consult a registered tax agent in Australia or refer to the ATO website. 📢 Where to Catch SBS Filipino
West Australian
4 hours ago
- West Australian
New market forces
It's no secret that Australia's marketing leaders are facing more challenges and opportunities than ever before. But is the environment for marketers in WA any different? In the absence of State-specific intelligence, I recently went out to uncover the themes that Western Australian chief marketing officers (CMOs) were facing. Not surprisingly, change was top of the agenda. But having collated the findings into a report called 'The evolving role of the CMO – The Western Australian Perspective' – the scale and pace of that change is all the more apparent. It appears that two CMO typologies have emerged– those who have influence across and throughout their organisation, and those whose influence stays within their marketing remit. If diversity in responsibility was consistent across the respondents, so too was the increasing need to solve more diverse problems. As one CMO I spoke to said: 'The role of the CMO these days is quite hard to articulate. Every role I have had, I've taken on things you would argue wouldn't be part of a traditional CMO function'. Any recruiter writing a job description for a CMO in WA would have their work cut out. Faced with so much change, we also found that WA CMOs must be comfortable in the uncomfortable and able to shift focus if there's strategic merit. As one CMO put it: 'Sometimes you just need to run towards the fire and hope there aren't too many fires at once'. Interestingly though, CMOs acknowledged the importance of the rest of the business in adopting a similar mindset, as one said: 'There's time when we just need to pivot and say 'right, let's go'. So, we must be agile, the Board has to be agile, and our processes must facilitate that agility'. More broadly, the 'brain drain' of talent leaving WA is being acutely felt – and whilst post-Covid there has been 'brain gain' across the State, the marketing industry still has bigger brands with greater opportunity enticing the best talent to head East or overseas. And, in terms of the contribution that marketing can make to an organisation and its future, the CMOs I spoke to were able to speak with confidence about demonstrating impact, but less confidently about the organisation's belief in marketing as a function for delivering growth. Finally, it was little surprise that the need to frequently navigate complex stakeholders and organisational bureaucracy was also raised. Just how much of the role is dedicated to this need was difficult for most to quantify, but one CMO claimed it took around 60% of their time. And why is all of this important? It's fair to say that the pace in which change affects practitioners in our State will be variable. But make no mistake, if you are a marketer or CMO in WA, and change isn't happening around you just yet, it won't be long before it happens to you. Therefore, it's critical that the CMOs of present and future remain adaptable, and open to embracing new thinking. If we cannot, then marketing's role as a value driver will be brought into question – both in our own State and beyond. To request your copy of the full report, email
