IPA NEWS
IPA Update - August2016
In this episode welook at the recent IPA delegation to China, the recent additions to theIPA's templates and checklists and the recent changes to obligations for thoseoffering financial advice.
IPA membershiprenewals are now overdue
If you are yet toforward your IPA membership renewal to us, they are now overdue.
There has never beena better time to be a member of the IPA
Over the past twelvemonths we have been working hard to improve our member services, giving youeven more great reasons to renew your IPA membership.
Update your emailpreferences
Based on the results of our satisfaction survey last year, we have changed theway we send you emails. You can now select which CPE topics and memberoffers you are interested in.
Have a technicalquery? IPA Professional Assist is the answer.
IPA ProfessionalAssist is an online technical service provided in partnership with InformationExchange and we've just released this series of videos to show you how to useand get the best out of it.
TAXATION
New GovernmentMinistry announced
The Prime Minister has announced his new Ministry and Parliament will resume on30 August 2016.
Govt talking withcrossbenchers about Budget tax and super reforms
The Government will be talking with the Opposition and the crossbenchers beforeParliament returns on 30 August about its tax and supermeasures.
Companies sign up toVoluntary Tax Transparency Code
The Board of Taxation has released the names of the first 10 organisations tosign up to the Voluntary Tax Transparency Code.
Tax consequences oftrust vesting
The ATO is to publish detailed information on the tax consequences of trustvesting.
Murray Goulburn milksupply support package
The ATO has released information on tax implications following the MurrayGoulburn milk supply support package.
Implications ofBrexit for Australia
A report to the Government on the implications of the United Kingdom's vote infavour of exiting the European Union has been released.
Australia and NewZealand to streamline trade
Australia and New Zealand have signed a Mutual Recognition Agreement on 15 July2016, to recognise the supply chain security programmes of bothcountries.
Deductibility ofgifts to clients
The ATO has issued Taxation Determination TD 2016/4.
Deductibility ofairport lounge membership fees for employers
The ATO has issued Taxation Determination TD 2016/5.
REGULATOR NEWS
Classification andmeasurement of share-based payment transactions
AASB 2016-5 Amendments to Australian Accounting Standards –Classification and Measurement of Share-based Payment Transactions hasbeen registered.
Communicating auditfindings to directors or audit committees
ASIC has issued a consultation paper about it directly communicating specificfinancial reporting and audit findings to directors, audit committees or seniormanagers.
Fair valuemeasurement in financial reporting
The APESB has issued a new guidance note to help professional accountants whenproviding valuation services for financial reporting.
IPSASB PublishesIPSAS 39, Employee benefits
The International Public Sector Accounting Standards Board® (IPSASB®) haspublished IPSAS® 39, Employee Benefits, which will replace IPSAS 25,Employee Benefits, on January 1, 2018, with earlier adoptionencouraged.
IFAC Encouragesaccountancy profession to engage accountants in business
Recognizing the essential role of professional accountants in business instrong and sustainable organizations, financial markets, and economies, theInternational Federation of Accountants® (IFAC®) today released EngagingProfessional Accountants in Business: How to Build a More Relevant PAO andProfession.
IPSASB Publishesconsultation paper on public sector specific financial instruments
The International Public Sector Accounting Standards Board (IPSASB) todayreleased for comment a Consultation Paper (CP), Public SectorSpecific Financial Instruments.
