government

Mar
22

New Visa scheme requires ‘aggressive changes’ to help early-stage startups: Slingshot’s CEO

Unveiled this week, the Global Talent Scheme represents a softening of the Government’s stance on skilled immigration. Dynamic Business spoke with a cohort of business leaders from across the tech, recruitment and startup sectors to gauge whether they believe the 457 Visa replacement scheme will satisfy the needs of SMBs for highly-skilled foreign workers. Skills […]

By Reposted by Australian FinTech | Blockchain . FinTech
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Mar
22

Aussie blockchain company Power Ledger is consulting with the ATO to shape how ICO proceeds are taxed

Australian crypto sector darling Power Ledger has revealed it’s in consultation with the Australian Taxation Office (ATO) to develop a proposition on how initial coin offerings (ICOs) should be treated in Australia. Power Ledger, which completed a $34 million ICO in October last year, has long been an advocate for heightened transparency and caution around […]

By Reposted by Australian FinTech | Blockchain . FinTech . Investing
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Mar
22

How the Victorian Government is working to position the state as a global Fintech hub

As Fintech innovations continue to disrupt the financial industry, the state government of Victoria in Australia has been working pro-actively to foster a thriving Fintech ecosystem. It is seeking to ensure that Melbourne’s fintech sector reaches its full potential and continues to create jobs, businesses, technologies and exports. Last week, the Victorian Government led a […]

By Reposted by Australian FinTech | FinTech
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Mar
19

Expanded fintech regulatory sandbox must be geared towards innovators, says industry body

FinTech Australia have flagged their support for the Federal Government’s proposed legislative changes to the fintech regulatory sandbox but called for further improvements to make the sandbox more robust and fintech-friendly. Earlier this month, FinTech Australia’s chair Stuart Stoyan gave evidence to the Senate Economics Legislation Committee, which is inquiring into the provisions of the […]

By Reposted by Australian FinTech | FinTech
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Mar
16

‘Beware bitcoin tax scammers’: Tax Office

The Australian Tax Office (ATO) has warned Australians to be vigilant about scammers impersonating the ATO and demanding debts be paid in cryptocurrency. Following the end of the financial year, scammers email victims falsely claiming to be collecting tax return debts on behalf of the ATO. Assistant commissioner Kath Anderson said the ATO has recorded […]

By Reposted by Australian FinTech | Bitcoin . FinTech
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Mar
05

Shining a spotlight on Australian digital currency tax laws

It comes without much surprise that taxation offices around the world are having to keep up with the growing trend of cryptocurrency and the tax implications that follow, writes Janya Eighani. Digital currency under Australian taxation law is a relatively new concept, and as it gains momentum, it is vital for cryptocurrency traders to keep […]

By Reposted by Australian FinTech | Bitcoin . FinTech
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Feb
28

Tax blitz to hit Bitcoin investors

Tax-dodging Bitcoin investors will be confronted by the full ­investigative powers of the tax ­office, which has revealed it will use anti-money laundering legislation due to come into force next month as the basis for a long-awaited blitz on cryptocurrencies. Under the legislation, the ATO will use compulsory 100-point identification checks for Bitcoin investors as […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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Feb
21

Lord Mayor of London praises Australia’s “flourishing” fintech scene, plugs support for new ‘bridge’

In a rare visit to Australia last week, the Lord Mayor of London, Alderman Charles Bowman, expressed his full support for the upcoming fintech ‘bridge’ between Australia and UK and praised the local fintech scene as being almost on par with renowned fintech hub London. Speaking to a packed room at co-working and tech startup […]

By Reposted by Australian FinTech | FinTech
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