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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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Court action launched over Tanya Plibersek’s ‘irrational’ coal mine approvals
Climate change 2023-06-06 12:29 pm By Gareth Baker

Climate justice groups have launched a challenge to federal environment minister Tanya Plibersek’s decision to expand two proposed mega coal mines in NSW, arguing her refusal to accept the scientific evidence of climate risk was irrational and unlawful. 

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Tax regulator says PwC has declined to name nine partners placed on leave
Accounting 2023-05-31 9:49 pm By Sam Matthews

The Tax Practitioners Board says that PricewaterhouseCoopers ignored its request for the names of nine partners put on leave in the wake of the tax leak scandal that has rocked the firm, with the regulator saying former executive Peter Collins was not the only partner who misused confidential information.

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PwC puts 9 partners on leave, ringfences government work
Accounting 2023-05-29 4:06 pm By Sam Matthews

PricewaterhouseCoopers will put nine partners on leave and ringfence its government work in the wake of a tax policy leak scandal for which the embattled firm’s acting chief has issued an apology.

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PwC tax document leaks scandal referred by Treasury to police
Policy and Regulation 2023-05-24 11:31 pm By Christine Caulfield

Treasury has referred the tax policy leak scandal engulfing PricewaterhouseCoopers to federal police for possible criminal investigation.

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Victorian judge picked to turn around troubled AAT
Courts 2023-05-24 12:15 pm By Cindy Cameronne

A judge from the Supreme Court of Victoria has been selected to lead the successor to the troubled Administrative Appeals Tribunal, which will be abolished following allegations the former government appointed political allies with no expertise.

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‘Looks like credit, acts like credit’: Government flags reforms to buy now, pay later industry
Financial Services 2023-05-22 2:32 pm By Sam Matthews

Buy now, pay later services will soon be regulated as credit products under proposed changes to the law flagged by the federal government amid concerns about financial risks the service poses to consumers.

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Victorian Bar to poll members on endorsing Voice to Parliament
Business of Law 2023-05-18 4:50 pm By Sam Matthews

A group of Victorian barristers says the Bar has a responsibility to make a public statement backing the proposed Voice to Parliament, while others have questioned the “propriety” of speaking out, an email to members reveals.

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PwC tax leak scandal puts spotlight on firms’ uneasy commitment to compliance
Analysis 2023-05-17 11:26 pm By Sam Matthews

The tax leaks scandal engulfing PwC has shone a spotlight on the culture of large professional services firms, where ensuring compliance with good governance is akin to “herding cats”, experts say.

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PwC appoints Ziggy Switkowski to investigate tax leaks scandal
Accounting 2023-05-15 11:01 pm By Cat Fredenburgh

PricewaterhouseCoopers has appointed former Telstra CEO Ziggy Switkowski to investigate the tax leaks scandal that has engulfed the firm.

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