Posts Tagged "ATO"
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Australia’s National Artificial Intelligence Centre Releases Guidance for Responsible AI Adoption
Posted on October 30th, 2025 by Georgie PriceThe Australian Government through its National Artificial Intelligence Centre (NAIC) has launched its latest Guidance for AI Adoption, a comprehensive framework designed to help Australian organisations adopt artificial intelligence responsibly and effectively. Released in October 2025, this guidance marks a significant step in aligning AI governance with both national ethics principles and international standards.
Why This Matters
AI is transforming industries, from finance and healthcare to education and government. While the benefits are clear—efficiency, innova… -
The Accountant Versus the ATO – High Court Case Could Reshape Tax Treatment of Trust Distributions
Posted on October 30th, 2025 by Paul LyonsIt’s not the next block buster movie but does have shades of the ‘Castle’ about it!
A long-running legal dispute between a suburban Melbourne accountant and the Australian Taxation Office (ATO) has reached the High Court, with potential significant implications for how trust distributions are taxed, particularly those involving corporate beneficiaries.
The case, involving accountant Steven Bendel, stems from amended tax assessments issued by the ATO for the 2014 to 2017 financial years. The assessments related to unpaid present entitlements (UPEs) from a trust to a c…