News Australia

Company officials who fail to comply with the government’s carbon tax could face up to ten years in jail. The draft carbon tax legislation allows inspectors to search businesses and copy documents on site. Any found to be breaking the law could face a fine of more than one-million dollars or time in jail. The [...]

Now we know the starting price on carbon – $23 – a clearer picture is starting to form as to its impact on the property industry. Will it have a negative impact? That all depends on who you talk to. The Housing Industry Association – a body that represents builders and the makers and suppliers [...]

AUSTRALIAN institutional investors, worth hundreds of billions of dollars, are trailing their European counterparts in funding projects to tackle climate change because of delays getting a carbon price established. In a global survey of 90 firms – owning and managing assets of $12 trillion – Australian respondents said they were eager to develop an approach [...]

TRADIES, flight attendants and real estate employees, be afraid. The nation’s bean counters are coming after you this year. The ATO has announced its annual hit list of occupations that will face extra scrutiny as part of a crackdown on people who make fraudulent tax claims. If you’re a tax cheat or a potential tax [...]

The Greens will today release a proposal that would introduce a new profit tax for Australia’s four largest banks intended to help finance federal government aid using funds from the banks, according to a report by the Australian Financial Review. The Greens will release their proposal at an Australian Bankers’ Association forum in Sydney, making [...]