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Article The scam that made an Australian company pay twice In 2022, an electrical contractor completed works on a Rio Tinto project and invoiced the head contractor around $235,000. Before payment was made, a fraudster who had hacked the contractor’s email sent through ‘updated’ bank details. The paying company was suspicious, it even tried to call to verify, but when the phone line was poor, […] 11/08/2026
Article Fraud in higher education: Why Australia’s universities & higher education providers are a prime target Australia’s higher education sector is one of the nation’s largest export earners, contributing around $51.5bn annually and educating 1.68 million students across 42 universities. But the same features that make it valuable such as vast personal data holdings, heavy reliance on international fee revenue, decentralised procurement ,and a culture built on trust also make it […] 11/08/2026
Article Hotels under pressure: The issues shaping the sector ahead of the Hospitality Real Estate Summit Ahead of the Hospitality Real Estate Summit on 9 September 2026 in Melbourne, where SW Partner Tim Stillwell will join Matthew Elefanty from BSP Lawyers in a fireside chat on Hotels Under Pressure: Gaming, Tax & Governance Risk Across Australia — with a Victorian Lens, we look at the issues driving that conversation. Australia’s hotel […] 10/08/2026
Article What Tier 2 reporters need to know about the AASB 1060 Exposure Draft The Australian Accounting Standards Board (AASB) has issued Exposure Draft ED 341, proposing amendments to AASB 1060 that would more closely align the presentation of Tier 2 financial statements with those in AASB 18. The proposals are particularly relevant for entities preparing Tier 2 general purpose financial statements, including subsidiaries of Tier 1 groups. While […] 10/08/2026
Article Managing fraud & inappropriate workplace behaviour: What People & Culture teams need to get right Workplace misconduct and internal fraud are becoming more complex, more frequent, and harder to resolve quietly. For People & Culture teams, the pressure sits in two places at once protecting your people and your culture, while making sure any investigation is fair, impartial, and able to stand up to scrutiny. A rising challenge for employers […] 06/08/2026
Article Victoria’s new Minimum Financial Requirements for domestic builders From 1 July 2026, there are new Minimum Financial Requirements (MFR) mandated in the Building Act 1993 that apply to domestic builders in Victoria and will be administered by the Building and Plumbing Commission (BPC). The new regime sits alongside the usual financial requirements imposed by builders’ insurers. For many domestic builders, the practical impact is […] 05/08/2026
Submissions Trust in the detail: SW calls for a fairer 30% minimum tax on discretionary trusts SW has lodged a submission with Treasury (read here) on the proposed 30% minimum tax on discretionary trusts, urging targeted changes to prevent ‘fixed’ commercial structures being swept in and to remove a punitive 60% double-tax on corporate beneficiaries. Introduction In the 2026–27 Federal Budget, the Government announced a 30% minimum tax on discretionary trusts, […] 31/07/2026
Article Five red flags that could indicate fraud in your business Fraud warning signs can hide in everyday transactions, supplier records, payroll data, and approval workflows. Knowing what to look for can help your business identify financial irregularities early, strengthen internal controls, and respond before losses escalate. Fraud does not always begin with a dramatic event but can appear as a duplicated invoice, an unexplained change […] 30/07/2026
Article Fraud and integrity risks in property & construction: Why pressure in the market is increasing the risk profile Australia’s property and construction sector is continuing to operate in a difficult environment. Developers, builders, contractors, and investors are managing elevated costs, constrained feasibility, tighter funding conditions, labour pressures, and changing demand across different parts of the market. The pressure is not uniform. The housing supply challenge remains national, but the conditions differ across states. […] 27/07/2026
Article Victorian SRO updates duty ruling for incorporated associations The Victorian State Revenue Office (SRO) has released Revenue Ruling DA‑020v2, replacing the long-standing DA‑020 ruling on duty treatment for incorporated associations and amalgamations of incorporated associations. The new ruling took effect on 20 July 2026 and reflects the current legislative framework under the Associations Incorporation Reform Act 2012 (Vic) (AIR Act). While the practical […] 27/07/2026
Article The risks Boards are talking about: Fraud, financial crime & integrity challenges in the energy & mining sector The energy and mining sector is no stranger to risk. Commodity price volatility, geopolitical uncertainty, regulatory change, and increasing stakeholder expectations all require careful navigation. However, alongside these challenges, another trend is emerging: fraud, financial crime, and integrity risks are receiving greater attention from Boards, Audit & Risk Committees, and executive teams than ever before. […] 24/07/2026
Article The 5 fraud & finance crime risks property fund managers should be discussing in 2026 Property fund managers operate in an increasingly complex environment. Alongside market pressures, rising investor expectations, and regulatory change, fraud risks are evolving in both sophistication and impact. While many fund managers have established control frameworks, recent developments suggest that traditional fraud risk assessments may no longer be sufficient on their own. From financial crime and […] 23/07/2026
Article Assumed tax liabilities: What counts as consideration for land transfer duty? The State Revenue Office of Victoria (SRO) has released Revenue Ruling DA-070 to address when assumed tax liabilities form part of the consideration for a transfer of land. The ruling takes effect from 17 August 2026. Key principle Under the Duties Act 2000 (Vic), duty is charged on the dutiable value of property, defined as […] 22/07/2026
Events SW / Westpac | Keep Calm and Listen to Your Accountant Together with Westpac, we are pleased to invite you to our FedBud 2026 follow-up webinar series ‘Keep Calm and Listen to Your Accountant’. Following the Federal Budget announcement, SW and Westpac have partnered to deliver a series of practical sessions designed to help individuals and businesses understand the proposed tax changes and their potential implications. […] 21/07/2026
Article NSW expands surcharge purchaser duty relief for build-to-rent and retirement villages In a significant shift in foreign investor taxation policy, the New South Wales Government has enacted legislation providing relief from foreign purchaser surcharge duty for certain build-to-rent (BTR) and retirement village projects. The measures form part of the Government’s broader housing supply strategy and are intended to encourage institutional investment in long-term rental accommodation and […] 14/07/2026
Firm news SW Accountants & Advisors strengthens Assurance & Advisory capability with three Partner appointments SW Accountants & Advisors (SW) has announced three senior appointments to its Assurance & Advisory division effective 1 July 2026. Rondy Cheng has been appointed to the partnership, recognising his significant contribution to the firm over almost 10 years. Adam Christou and Anthony Hodgkinson join SW from Protiviti, a globally recognised consulting firm specialising in […] 29/06/2026