Who is the biggest? In a globally connected word with instant access to "everything". whoever shops or spends time with the third provider or a small local something. Unless it's food or coffee... * Shop at Amazon and it turns up the same day or next day and you don't have to leave home.* Share at facebook or Instagram and your done* Buy an apple mac or watch likewise, hardware is done.* Buy a samsung TV* EtcThe concentration of influence, creates a concentration of power and money. Disparity in influence and wealth is accelerating unrest. But you can buy cool shit fast. ... See MoreSee Less

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Your home.... CGT free? Not always. There is a 6 year rule. But if you sell Non Resident.... No general deduction, No PPOR exemption. LOTS of tax. Understand the rules when selling an asset. ... See MoreSee Less

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Scott Morrison (ScoMo) Skating off "Scott Free". The NACC can fail in it's core duty, BUT Scott was minister for Social Services when Robo Debt kicked off. He was told income averaging is not how benefits are calculated and he bulldozed ahead anyway. It was illegal and people died.Under current legislation, Scott should be held accountable under one of the following statutes:Abuse of public office (Commonwealth Criminal Code s 142.2): provides that a Commonwealth public official commits an offence if they exercise influence / engage in conduct in their duties / use information obtained in their role with the intention of dishonestly obtaining a benefit or dishonestly causing a detriment. The maximum penalty is 5 years imprisonmentOR Giving false or misleading information (Criminal Code s 137.1): where someone is alleged to have misled a Commonwealth entity or a person exercising Commonwealth functions) is s 137.1: giving information knowing it is false or misleading (including omissions that make it misleading) to a Commonwealth entity or in connection with a Commonwealth law. The maximum penalty is 12 months imprisonment.ORThe Commonwealth DPP notes “general prosecutions” can include offences such as perjury and corruption, and specifically lists s 142.2 abuse of public office with a 5-year maximum penalty. OR Misfeasance in public office (civil tort) - an intentional tort with core elements including:the defendant holds public office;they purported to exercise public power;the exercise was invalid / lacked lawful authority;it was accompanied by a form of bad faith (eg knowing excess of power with intent to harm, or reckless indifference to unlawfulness and likely harm); andit caused loss.With appropriate civil damages - MONEY paid to impacted individuals or their families.Why do we let our politicians off "Scott Free"? ... See MoreSee Less

NACC's robodebt investigation conjures offensive and stupid excuses for letting Scott Morrison off
www.crikey.com.au
The NACC report on robodebt is out and it exonerates Scott Morrison, with a series of excuses and a justification of extraordinary offensiveness.5 CommentsComment on Facebook
Family Trusts Just One of 7 ATO Targets This Year – What You Need to KnowThe Australian Taxation Office (ATO) has shifted firmly from pandemic-era leniency to a broad compliance crackdown, with family trusts just one of seven major focus areas for 2026. The ATO is now closely scrutinising strategies commonly used by higher-income Australians and small business owners to minimise tax.Key areas under review include:⚠️ Family trust elections (FTEs) and historic errors triggering family trust distribution tax⚠️ Income splitting via trusts, companies and partnerships (especially personal services income)⚠️ Holiday homes claiming deductions while being used mainly for private purposes⚠️ Everett assignments used by professional firm partners⚠️ Philanthropic structures providing indirect benefits to families or related entities⚠️ Unpaid present entitlements (UPEs) following the Bendel High Court case⚠️ Franking credits and bucket companies, including 45-day holding period breachesThe ATO has made it clear that intergenerational wealth transfers and trust-based succession planning are now high-risk areas. While limited amnesties and interest relief exist for those who self-correct, enforcement activity is expected to increase through 2026. ... See MoreSee Less
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