TPB obtains default judgment | ATO rulings updated | APRA calls for a change

TPB obtains default judgment against tax agent for non-compliance

Following a tax agent’s non-compliance with court orders to file a notice of address for service and a statement in response, the Federal Court has now given default judgment against him by way of declarations, pecuniary penalties and permanent injunctions for alleged contraventions of the Tax Agent Services Act 2009. These alleged contraventions included the preparation and lodgement of income tax returns, amendments to income tax returns, and the preparation and lodgement of a BAS for taxpayers for a fee while not registered to provide such services. (Tax Practitioners Board v Hinckfuss (No 2) [2026] FCA 529,30 April 2026)

ATO rulings updated and withdrawn

The ATO has updated PS LA 2011/20: Payment and credit allocation by adding new paragraphs dealing with Global and Domestic Minimum Tax. In addition the ATO has withdrawn PS LA 2008/14: Record keeping when using commercial off the shelf software as the matter is now dealt with in Taxation Ruling TR 2018/2 Income tax: record keeping and access – electronic records.

APRA calls for a change in AI-related risk management and governance

APRA has called for a “step-change” in how banks, insurers and superannuation trustees manage AI-related risks as the technology continues to rapidly evolve. APRA warned that governance, risk management, assurance and operational resilience practices are not keeping pace with the scale, speed, and complexity of AI adoption. The letter outlines the findings of a targeted supervisory review APRA undertook late last year across all its regulated industries examining how AI was being deployed and governed. The review noted that the expanded use of advanced AI is introducing a range of new financial and operational vulnerabilities for entities, but that information security practices are struggling to keep up with the pace of change.

ATO focus areas for SMEs and individuals

May 1, 2026 | 12:30PM – 1:30PM AEST
This one-hour session outlines the ATO focus areas most likely to attract scrutiny for SMEs and individuals, and the practical steps practitioners should take to reduce risk. It covers Part IVA, rental property claims, Division 7A, family trust elections, PSI/PSB and income splitting, property development activities and more. You will leave informed of the common traps to avoid.

TPB CPD Hours: 1 hour

Members $99+gst | Non-members $132+gst
PLATINUM MEMBERS GET IT FREE

Investment Insight Series- May 2026

May 8, 2026 | 12:30PM – 1:30PM AEST
Join us for the Institute of Financial Professionals Australia (IFPA) Investment Insight Series, a dynamic and engaging monthly webinar designed to equip you with expert analysis, independent market insights, and practical strategies in an ever-changing investment landscape. Whether you’re navigating shares, bonds, real estate, alternatives, or even cryptocurrencies, this series will help you stay informed and make smarter investment decisions.

TPB CPD Hours: 1 hour

FREE FOR ALL (members and non members)

Federal Budget 2026
May 14, 2026 | 12:30PM – 1:30PM AEST

We are pleased to invite you to our upcoming webinar, which will provide an in-depth analysis of the forthcoming Federal Budget, scheduled to be handed down on Tuesday 12 May 2026. This budget, under the stewardship of Prime Minister Anthony Albanese and Treasurer Jim Chalmers, is anticipated to have significant ramifications for the economy, our industry, and your business operations.

TPB CPD Hours: 1 hour

Non-members $50+gst
ALL MEMBERS GET IT FREE

Helping Clients Understand Economic Events and Financial Decisions:
An Applied Workshop
May 21, 2026 | 12:30PM – 1:30PM AEST

Periods of economic uncertainty often trigger clients’ concerns about their investments. In these moments, financial advisers are expected not only to understand what is happening in the economy, but also to explain it in clear, simple terms so clients can better grasp the reasoning behind sound financial decisions.

TPB CPD Hours: 1 hour

Members $99+gst | Non-members $132+gst
PLATINUM MEMBERS GET IT FREE


2026 Super Quarterly Update
6 Mar 2026 | 4 Jun 2026 | 3 Sep 2026 | 3 Dec 2026 | 12:30PM – 1:30PM AEST
You’ll gain valuable knowledge of the latest legislative and regulatory changes, understand the implications and what the changes mean for your clients, and identify strategies and new opportunities stemming from the changes. The Superannuation Quarterly Update is the ultimate quarterly download for superannuation professionals.

TPB CPD Hours: 1 hour each session

Each Session Members $99+gst | Non-members $132+gst
PLATINUM MEMBERS GET IT FREE

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