Australia
Understanding new identity verification requirements: what clients need to know

By William Buck on 03/06/2026 03:27:44 pm

From 1 July 2026, William Buck has a legal obligation to verify the identity of our clients before we can provide certain services. This applies to new and existing clients alike. These requirements are administered by AUSTRAC, Australia's Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) regulator. They exist to prevent accounting and advisory services from being...
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Navigating the new frontier: Pillar 2 rules for Australian subsidiaries

By Nicola Bird on 25/05/2026 09:33:03 am

For Australian subsidiaries of large multinational enterprise (MNE) groups, the tax landscape is shifting rapidly. While the Pillar 2 global minimum tax rules were introduced a few years ago, 2026 will see the first filing requirements for groups with a year ending between December 2024 and June 2025. Understanding these...
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Navigating the new operating reality for not for profits

By Deborah Chin on 21/05/2026 11:15:20 am

Liquidity, payroll compliance, governance and where AI can help Not‑for‑profit (NFP) organisations across aged care, disability services and community sectors are operating in an increasingly demanding environment. Funding is tighter and less predictable, workforce costs continue to rise, and regulators and stakeholders have little tolerance for financial or payroll shocks....
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Choosing the right structure for your practice

By Vanessa Morrison on 19/05/2026 09:51:50 am

As practices in the health industry mature, one of the most common and consequential questions we see is: ‘Is our current structure still fit for purpose?’ The structure you choose for your practice affects far more than taxes. It influences profit sharing, risk management, succession planning, admission of new practitioners and...
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How the Federal Budget reshapes financial planning for medical practitioners

By Jennifer Rees on 19/05/2026 09:45:55 am

[vc_row][vc_column][vc_column_text css=""]The Federal Government's 2026/2027 Budget has drawn a line in the sand for property investors and private practice owners. Delivered on 12 May 2026, the announcements signal a sweeping overhaul of long-standing tax concessions in favour of housing policy reforms. For health practitioners juggling active clinics and substantial investment...
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ASIC delivers a five year ban and a massive wake up call for directors

By Michelle Viscardi on 18/05/2026 09:45:36 am

ASIC’s recent decision to disqualify a Gold Coast director for the maximum five‑year period is a timely reminder that director duties are not theoretical, they are actively enforced and the personal consequences can be severe. In April 2026, ASIC announced the disqualification of a Director for his involvement in the...
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