2026-27 Update: Australian Financial Reporting & Regulation
Major regulatory changes are reshaping the responsibilities of Australian accountants. Stay up to date with developments in Payday Super, financial reporting, tax practitioner regulation, and AML/CTF reforms.
€175 +VAT
2026-27 Update: Australian Financial Reporting & Regulation
€175 +VAT
365 days’ access
2026-27 Update: Australian Financial Reporting & Regulation
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Review the eight obligations introduced by the Tax Agent Services (Code of Professional Conduct) Determination 2024
- Summarise the key new requirements of Payday Super
- Discuss the ATO’s compliance approach for the first year of Payday Super
- Consider the latest focus areas from the Australian Securities and Investments Commission
- Outline the designated services for newly regulated entities
- Understand how to develop a risk-based AML/CTF program
About the course
In order to best advise your clients or employer, you need to be on top of any changes in Australian law that might affect the way businesses work. This year, there’s been a raft of new legislation that fundamentally changes the responsibilities an organisation has to its employees and wider community.
This course looks at these changes. We consider significant measures to bolster the power of the Tax Practitioners Board, which includes new additions to the Code of Professional Conduct, before looking at the issue of Payday Super, which represents a massive development in the way that employers pay into their employees super guarantees. We also run through the Australian Securities and Investments Commission’s latest financial reporting and audit focus areas, and the wider push for sustainability reporting. Finally, we look at anti-money laundering and counter-terrorism financing legislation.
All of these areas are crucial for you, as an accountant, to fully understand. By completing this course, you’ll be able to confidently provide advice to the people you work with, ensuring that they’re ahead of the curve.
Contents
Module 1: Tax Practitioner Regulation and TPB Requirements
Explore recent changes to the regulation of Australian tax and BAS agents, including the eight new obligations under the Tax Agent Services (Code of Professional Conduct) Determination 2024. Understand the Tax Practitioners Board’s (TPB) requirements, breach reporting, tax agent registration and proposed changes to its sanctions regime.
Module 2: Payday Super Reforms
Understand the introduction of Payday Super from 1 July 2026 and its implications for Australian employers. Explore the new requirements for paying superannuation within seven business days of payday, the definition of qualifying earnings, changes to the super guarantee charge and the Australian Taxation Office’s (ATO) approach to compliance.
Module 3: Australian Financial Reporting and AASB Updates
Stay informed about Australian financial reporting developments, including ASIC’s latest focus areas, new accounting standards and sustainability reporting requirements. Explore the implications of AASB 18: Presentation and Disclosure in Financial Statements, including proposed changes to financial statement presentation, alongside developments in climate-related financial reporting.
Module 4: Anti-Money Laundering and Counter-Terrorism Financing Reforms
Explore Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms taking effect from 1 July 2026. Understand which accounting services fall within the expanded regulatory framework and how affected practices can prepare, including risk-based AML/CTF programs, customer due diligence and suspicious matter and threshold transaction reporting obligations.
Author
Lucy Webb
Lucy is a chartered accountant (ACA) and chartered tax adviser (CTA). She gained her experience in practice at Deloitte, working for multinational clients as well as clients within the asset management industry.
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A practical and insightful course that clearly explains the latest AML/CTF reforms and compliance obligations for accountants.