by admin | Apr 30, 2019 | News & Analysis
The ATO will now use third party data and matching programs to track cryptocurrency, that has been used to move funds within the black economy and hide money offshore. It will also track those who should be paying taxes for capital gains....
by admin | Apr 30, 2019 | News & Analysis
The City of Darwin has decided to implement facial recognition software and other monitoring solutions, in order to detect criminal access to unauthorised areas or alert them of criminal behaviour. It will be scanning all faces, which could result in privacy and data...
by admin | Apr 29, 2019 | News & Analysis
Australians lost at least $6.1 million to cryptocurrency-based scams last year. This is a 190 per cent increase over the $2.1 million reported in 2017, making cryptocurrency-based scams the second highest unusual payment method for losses....
by admin | Apr 29, 2019 | News & Analysis
Closer loan scrutiny and lending conditions resulting from the Hayne Royal commission, may mean lengthy loan processing delays, causing concern that borrowers may move to the less regulated “shadow” banking sector....
by admin | Apr 29, 2019 | News & Analysis
A report released today from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO,) looks at the ATO’s use of various debt recovery actions. 159 complaints were made regarding heavy handed debt recovery actions, however the ATO claims it only...
by admin | Apr 28, 2019 | News & Analysis
Apple CEO Tim Cook stated at the TIME 100 summit, that technology should be regulated with greater consumer protection. He stated that cryptocurrencies have the power to bring new opportunities into the traditional financial sector, however reaping these benefits will...
