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July 28, 2021
The Australian Taxation Office is appealing to all small and medium businesses to make the switch to its new online services business platform, as the deadline for the transition fast approaches.
There is now less than one week before the ATO retires its business portal, which has been used by businesses to interact with the tax office for the past 17 years.
The ATO’s online services for business will officially take its place as the default way for these interactions at the start of next month, after going live at the start of April.
ATO deputy commissioner Andrew Watson told
Crypto start-ups call for âsafe harbourâ protections from ASIC actions
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Start-ups building on blockchain technology are seeking a âsafe-harbourâ to ensure the corporate regulator down the track doesnât smack entrepreneurs for breaching what are now very uncertain legal requirements.
In a submission to the Senate inquiry on Australia as a finance and technology centre, Blockchain Australia said creating a short-term protection while a specific licensing regime for crypto businesses is created over the longer-term would show support for the nascent sector and stop entrepreneurs decamping to countries where laws are clearer.
Blockchain Australiaâs submission to a Senate inquiry calls for clear regulatory guidance to provide confidence to build without fear of ASIC retaliation. Â
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