This month we look at: Legislation in wake of the Optus data leak, the ATO's U-turn on how fame and image should be taxed as well as how high interest rates will go.
In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But there are no guarantees that even the strongest safety measures will prevent an attack. So, what does that mean for business and their customers? Pages 1-2. Read More
- Taxing fame: The ATO's U-turn
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. Pages 3. Read More
Low interest rates have been a mainstay since the global financial crisis of 2008. Coming out of COVID, housing market demand was strong and prices boomed but at the same time, supply chains remained restricted and the problems amplified by geo-political tensions increasing input costs. Supply could not keep up with demand to support the recovery, pushing inflation higher and broader than expected for a longer period of time. So where to now? Page 4. Read More
Quote of the month:
"The greatest glory in living lies not in never falling, but in rising every time we fall."
Nelson Mandela
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