Australia

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Singapore and Australia collaborate on Digital Economy

As meetings move online, businesses scramble to offer digital services and the world gets used to working remotely, Australia and Singapore have concluded a sign-of-the-times virtual meeting by signing the Australia-Singapore Digital Economy Agreement (DEA). The DEA is designed to reduce barriers to and increase the benefits of digital trade and the digital economy. It […]

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AustraliaReportingXBRL

Australia proposes mandating XBRL Reporting

By Editor

As part of a package of recommendations for improving audit trust, the Australian Parliament’s Joint Committee on Corporations and Financial Services has recommended mandating machine-readable digital financial reporting.

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AustraliaSBR

UPDATE – Savings from SBR in Australia

By Dave Nitchman

In September we let you know about the projected A$1.2 billion in savings from Standard Business Reporting in Australia. Now the Australian Taxation Office Annual Report is out, confirming that amount, which is 50% greater than the original business case projections. That result certainly makes a compelling case for SBR, which has also been put to […]

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AustraliaSBR

SBR Savings in Australia Soar

By Dave Nitchman

The Australian Taxation Office is projecting total savings in 2015-2016 from SBR to be a staggering A$1.1 billion.

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AustraliaDataSBRSecurities

ASIC Pushes for more Data Sharing … and XBRL

By Dave Nitchman

The Australian Securities & Investments Commission (ASIC) thinks that increased sharing of data could ease reporting burdens on business and improve the agency’s ability to meet its regulatory objectives. We agree.

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AustraliaSBRTax

Australian Tax Preparers get SBR Deadline

By Dave Nitchman

The Australian Tax Office has begun transitioning preparers towards exclusive use of a new reporting channel that will further advance SBR in that country.

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AustraliaSBRTax

SBR in Australia by the Numbers

By Dave Nitchman

The ATO recently published its annual report for 2014-2015, chronicling some impressive growth for the SBR program in the areas of taxation, business registration and pension reporting.

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AustraliaiXBRLMandate

iXBRL Shows Up Down Under

By Dave Nitchman

The Australian Securities & Investment Commission, as part of its efforts to “assist companies in dealing with the complexity of financial reporting and allow users to better navigate financial reports” now encourages companies to file financial reports in iXBRL, removing the need for separate lodgement of a PDF-format or paper financial report. Since July 2010, companies that […]

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AustraliaSBR

Less Red Tape for Australian SMEs

By Dave Nitchman

Australia has a Ministry of Small Business, and its chief – MP Bruce Billson – is embracing a plan by the National Australia Bank, calling for the abolition of Business Activity Statements, which are quarterly returns on Value Added Tax inputs and outputs. Billson also has Standard Business Reporting on his radar as another way to make […]

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AustraliaSBRSMETax

Small Firms Benefiting from SBR

By Dave Nitchman

A guest editorial in The Age newspaper details red tape reduction efforts that will be of particular benefit to small and medium sized businesses. In addition to reducing tax filing requirements outright for almost 500.000 businesses, the article stresses the efforts of the Australian government’s use of Standard Business Reporting to reduce paperwork burdens, freeing […]

Items tagged with "Australia"

Singapore and Australia collaborate on Digital Economy

Australia proposes mandating XBRL Reporting

UPDATE – Savings from SBR in Australia

SBR Savings in Australia Soar

ASIC Pushes for more Data Sharing … and XBRL

Australian Tax Preparers get SBR Deadline

SBR in Australia by the Numbers

iXBRL Shows Up Down Under

Less Red Tape for Australian SMEs

Small Firms Benefiting from SBR

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Australia

Items tagged with "Australia"

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