Section 20C notices are being issued

Source: New places to play in Gungahlin

We are issuing section 20C notices for the period 1 January to 30 June 2025, with a due date of 31 October 2025.

A section 20C notice will be provided to you if we believe you have a member with a super interest and they’re a former temporary resident.

If there’s exceptional circumstances that will delay any reporting and lodgment or payment components, you must submit a deferral request via the Super Enquiry Service before lodging any other unclaimed super money statements for that period.

If you identify a member who has been incorrectly identified as a former temporary resident, submit a revocation request with all relevant information. We will assess the request and revoke the notice if appropriate.

Deferral and revocation requests and any further enquiries about section 20C notices can be made using the Super Enquiry Service.

Looking for the latest news for Super funds? You can stay up to date by visiting our Super funds newsroom and subscribingExternal Link to our monthly Super funds newsletter and CRT alerts.

Statements of distribution – Venture Capital Partnerships

Source: New places to play in Gungahlin

We’re concerned about the error rate we’ve detected in partnership tax returns being completed by some partnerships that are registered with the Department of Industry, Science and Resources (DISR) for the Venture Capital Limited Partnership (VCLP) and Early Stage Venture Capital Limited Partnership (ESVCLP) programs. The errors include failing to complete the statement of distribution (SOD) labels correctly, or at all.

It’s a key requirement of all partnerships that they lodge SODs. We use them to data match and assess if partners have returned their partnership income correctly. If you’re registered for VCLP or ESVCLP, you need to meet all reporting requirements so you can retain your registration with DISR. This includes lodging a partnership tax return with us and correctly completing the SOD labels.

We’re focusing on working with these partnerships to improve lodgments and correct these errors.

Lodge SODs correctly

When you lodge your SODs, it’s critical to ensure all the information is complete, correct and timely. Incomplete or incorrect statements may result in partners being unnecessarily subjected to queries or compliance activities. Our queries may add to the administrative costs of you managing the partnership and may also lead to penalties if any compliance action occurs. Therefore, ensure you complete all the required information for each partner in the SOD labels, including:

  • the name of each individual or entity
  • TFNs (if applicable)
  • residential or business addresses
  • date of birth for individuals
  • ABNs for other entities (if they have one).

Remember that the SOD labels are part of the partnership tax return in which you make accountable statements to us. To avoid any unintended or adverse consequences, always provide accurate data.

Lodge digitally

As a result of recent updates we’ve made to our lodgment software, from 1 July 2025, partnerships of all sizes can lodge their SODs digitally using either:

More information

For more information on how these programs are designed to increase investment by giving tax concessions to eligible investors, or on reporting requirements, refer to:

Keep up to date

We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.

Read more articles in our online Business bulletins newsroom.

Subscribe to our free:

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Depreciating assets

Source: New places to play in Gungahlin

A depreciating asset is an asset that has a limited effective life and can reasonably be expected to decline in value (depreciate) over the time it is used. Some assets, such as land and trading stock, are not depreciating assets.

The general depreciation principles apply to most depreciating assets used in primary production. However, the deduction for the following primary production depreciating assets is worked out using special rules for:

For more information, see Guide to depreciating assets.

Water facilities

As a primary producer or irrigation water provider, you can claim an immediate deduction for certain expenses you incur primarily and principally for conserving or conveying water for use in a primary production business on land in Australia. You can claim the deduction even if you are only a lessee of the land.

A water facility includes plant or a structural improvement, or an alteration, addition or extension to plant or a structural improvement, that is primarily and principally for the purpose of conserving or conveying water.

Water facilities include:

  • dams
  • tanks
  • bores
  • irrigation channels
  • pumps
  • water towers
  • windmills.

No deduction is available for expenses incurred on acquiring a second-hand commercial water facility unless you can show that no-one else has deducted or could deduct an amount of the earlier expense on the construction or previous acquisition of the water facility.

See Water facilities for definitions and how to claim deductions.

Fencing

As a primary producer you can claim an immediate deduction for the cost of fencing you incur primarily and principally for use in a primary production business on land in Australia. You can claim the deduction even if you are only a lessee of the land.

See Fencing and fodder storage assets for definitions and how to claim deductions.

Fodder storage assets

You can claim a deduction for the full cost of a fodder storage asset, if you:

  • incurred the expense
  • mainly use it to store fodder
  • use it in a primary production business on land in Australia – even if you are only a lessee of the land.

Claim the deduction through your tax return in the year you incurred the expense.

Fodder storage assets include:

  • silos
  • liquid feed supplement storage tanks
  • bins for storing dried grain
  • hay sheds
  • grain storage sheds
  • above-ground bunkers.

See Fencing and fodder storage assets for definitions and how to claim deductions.

Horticultural plants

A horticultural plant is a live plant or fungus that is cultivated or propagated for any of its products or parts.

You can claim a deduction for the depreciation of horticultural plants, provided:

  • you own the plants (lessees and licensees of land are treated as if they own the horticultural plants on that land)
  • you use the plants in a business of horticulture to produce assessable income

Your deduction for the depreciation of horticultural plants is based on the expense incurred in establishing the plants. This does not include the cost of purchasing or leasing land, or expenses on draining swamp or low-lying land or on clearing the land. It would include, for example:

  • the costs of acquiring and planting the seeds
  • part of the cost of ploughing, contouring, fertilising, stone removal and topsoil enhancement relating to the planting.

You can’t claim this deduction for trees used in carbon sink forests.

For more information, see Calculating the decline in value of horticultural plants.

Grapevines

If you planted and first used grapevines in your primary production business, the depreciation of the grapevines is worked out under the general rules relating to horticultural plants.

For more information, see Calculating the decline in value of grapevines.

Valuing livestock

Source: New places to play in Gungahlin

You can choose to value livestock at cost, market-selling value or replacement value. An additional option is available for certain horse breeding stock.

You may change the basis of valuation year by year. You may also use different valuation methods for different stock in the same year. However, the value of your opening livestock (at 1 July) each year must be the same as the value of your closing stock (at 30 June) for the previous year. That is, you must use the same valuation method at the beginning of the new income year as you used at the end of the previous income year.

Small businesses – simplified trading stock rules

You do not have to value each item of trading stock (including livestock) on hand at the end of the income year or account for changes in the value of your trading stock if:

  • you are a small business entity
  • the difference between the value of all your trading stock at the start of the income year and the value you reasonably estimate of all your trading stock at the end of the income year is $5,000 or less.

However, if you prefer, you can still conduct a stocktake and account for changes in the value of trading stock for the income year if the difference is $5,000 or less.

For more information see Simplified trading stock rules.

Goods taken from stock for private use

If you take goods from stock for your own use, or for the use of your family members, you need to account for the goods as if the stock had been disposed of at its cost. This means that the market value of the stock on the day of disposal will be included in your assessable income.

This includes where a grazier slaughters livestock for personal consumption or for rations for employees.

For more information see TD 2024/8 Income tax: value of goods taken from stock for private use for the 2024֪–25 income year.

.

Natural increase

The cost of an animal you hold as livestock that you acquired by natural increase is whichever of these you choose:

  • actual cost of the animal
  • cost prescribed by the regulations          
    • cattle, horses and deer – $20
    • pigs – $12
    • emus – $8
    • goats and sheep – $4
    • poultry – 35 cents.

A horse’s livestock cost will be the greater of the above or the insemination service fee.

Oyster farmers

Oyster farmers need to account for oysters on hand as trading stock. This includes oysters held on sticks or in trays, or harvested and held ready for sale.

For more information, see Oyster farmers: calculating the value of trading stock.

Beekeepers

If you are operating a beekeeping business for the purpose of honey production, you need to account for bees on hand as trading stock. You may be eligible to use a simplified practice of valuing a live hive rather than accounting for the individual bees.

For more information, see Beekeepers: calculating the value of trading stock.

Transcript – ABC News Breakfast with Emma Rebellato

Source: Murray Darling Basin Authority

EMMA REBELLATO, HOST: Well, more on our top story on childcare reforms now with the Federal and State education Ministers and Territory Education Ministers meeting today. 

We’re now joined though, by Federal Education Minister Jason Clare, who’s in Sydney. Minister, thanks for joining us this morning.

JASON CLARE, MINISTER FOR EDUCATION: G’day, Emma.

REBELLATO: Let’s start with this report about a trial of CCTV in childcare centres. Will that definitely happen?

CLARE: Yeah, this is one of a number of measures that I’ll put on the table for Ministers to agree to today. This is, as you said, a meeting of Education Ministers across the country. 

I think all Australians have been sickened by the revelations out of Victoria and elsewhere over the last few months and they expect us to act. We’ve already passed laws through the Parliament that give us the power to cut off funding to childcare centres that aren’t up to scratch when it comes to safety standards. And we’ve started using those powers already against 37 centres. And there’s more to come. 

But what we’ll discuss today is the next steps. And one of those is a trial of CCTV in up to 300 centres across the country. Some of those will be centres where they’ll be mandatorily required to install those cameras, and in other cases, centres will volunteer to be part of that trial.

REBELLATO: Are you worried about privacy concerns at all, or even perhaps complacency? The Early Childhood CEO says they support a trial, but they’re worried that this could make people become complacent now.

CLARE: Yeah, both of those points are really important. Privacy is important. We need to make sure that if we’re going to roll out CCTV, where is the data stored to make sure it’s protected; that it doesn’t become a honey pot for bad people to hack into that information. Where should the cameras be placed in centres and where shouldn’t they? And so that’s why the Australian Centre for Child Protection will oversee the trial. 

And as you rightly point out, we cannot be complacent here. Cameras can’t do everything. They can help to deter people from doing bad things, they can help police with their investigations afterwards. 

But ultimately, the greatest asset we’ve got here to keep our children safe are the incredible workers in our centres, the 99.9 per cent of people who love our kids, who care for our kids, who educate our kids. They’re just as bloody angry as everybody else in the country at the revelations out of Victoria. And we’ve got to train them up, give them the skills that they need to be able to identify somebody who might be hiding in plain sight. And that’s why, as part of the $189 million package that I’ll put on the table today, it will include about $20 million for mandatory national child safety training for our entire workforce right across the country.

REBELLATO: Speaking of workers, when will a national register of child care workers be up and running?

CLARE: We’ll work on that. If we get agreement this morning, we’ll start immediately. We’re going to need to build that system, that register, from scratch. We’ll also need to pass laws to make it mandatory for centres to put information onto the register. What we want to do is be in a position to test and trial that new register by December of this year and have it roll out across the country from February of next year.

REBELLATO: The Victorian government released its rapid review this week with 22 recommendations. All are being adopted. But among them were recommendations that really is out of the state sphere. It really goes into the Federal Government area. Do you agree that you have to do the heavy lifting here to make sure there is this national reform of the system?

CLARE: Well, I think the truth is we’ve all got to step up. You know, the Australian government has to step up. The state and territory governments have to step up. Our regulators have to step up. The private childcare providers have to step up as well here. There is nothing more important than keeping our kids safe. I think it’s pretty obvious that not enough has been done and not enough has been done fast enough to keep our kids safe. 

What I’m putting on the table today, this $189 million package, is just the next step, but there will always be more to do. The awful truth here is that this work will never end because there will always be bad people trying to do bad things to our kids. We’ve just got to do every single thing that we can to keep our kids safe.

REBELLATO: This week, the ABC learned that more than two dozen childcare centres have been named publicly for failing to meet national quality and safety standards. Compliance actions were issued. What’s next?

CLARE: Well, what we’ve said to these centres is they’re now on notice. They’ve got six months to meet those safety and quality standards, otherwise they run the risk of having their funding cut off. Now, this is the biggest weapon that the Commonwealth government has to wield here. We invest about $16 billion a year of taxpayers money into childcare centres. They can’t operate without them. It represents about 70 per cent of the funding for an average childcare centre. And if centres aren’t meeting the sort of standards that we set as a nation and that parents expect then I think most people watching would say that they don’t deserve the funding. So, they’ve now got six months to step up or run the risk that the funding will get cut off and they’ll be shut down.

REBELLATO: How many more are likely to be named and shamed?

CLARE: Well, these first centres are centres where they have not met the standard for more than seven years. Despite regulators going in and out, they still aren’t meeting the standards. And there are 37 of those centres —

REBELLATO: That’s pretty extraordinary. Sorry, Minister. That’s pretty extraordinary, though, for a seven-year period.

CLARE: That’s exactly right. Seven years. Let me underline that again. These centres have had seven years to meet those standards and haven’t. That’s why this legislation’s so important. That’s why we’ve put them on notice. There’s 37 of them in this first tranche, but there’s more to come.

REBELLATO: What would be your message to parents who are, quite frankly, sick of hearing about how many problems there are in these childcare centres? They are sickened by all these issues. What would you say to them about what they can expect out of this meeting today?

CLARE: What I’d say to them is, I get it. I’m one of you. I’m one of those million parents across the country who has my children in early education and care. And I understand when you walk in the door with your child or carry your child into a centre, just how important it is that you can have confidence that your children are going to be safe. And that’s what this is all about. 

The truth is not enough has been done. I’ve been pretty blunt about this and more needs to be done. The laws are part of it, but so is the register, so is the national training, so is banning phones across the country in childcare centres, and so is more inspections in our centres to make sure they’re meeting the standards to keep our kids safe. All of that is on the table today.

REBELLATO: And are you expecting consensus from your colleagues on this one?

CLARE: I’m very confident that my colleagues get it. They’ve been working hard over the last few weeks to put this package together and I’m very confident that we’ll get agreement today.

REBELLATO: Education Minister Jason Clare, thanks for joining us this morning.

CLARE: Thanks, Emma.

Transcript – Today with Sarah Abo

Source: Murray Darling Basin Authority

SARAH ABO, HOST: Well, after a jam‑packed, breathless and robust three days, the Treasurer’s Economic Roundtable has finally come to an end.  But with so many suits, spats and egos in one room, just how productive was it? 

For more we are joined now by Education Minister, Jason Clare, in Sydney. Good morning to you, Jason, I’m obviously being cheeky there. But the point was to improve productivity, yet the Productivity Commissioner has said that hasn’t quite been achieved. So there is still a long way to go. 

JASON CLARE, MINISTER FOR EDUCATION: Of course there is, but it starts with listening. I remember my mum telling me you’re born with two ears and one mouth, you should spend twice the amount of time listening as you do talking. 

ABO: Good point. 

CLARE: Politicians often fail at that. I think if you get people in a room, you find where people agree, then that can be the basis for some big, long‑lasting reform. 

ABO: All right. We saw a war of words between Jim Chalmers and the Opposition’s Ted O’Brien, who accused the Treasurer of plunging the nation into further debt. 

So do you agree with Chalmers that raiding super is the answer? 

CLARE: I wouldn’t frame it that way, Sarah. I think the point I’d make is this: we’ve got to focus on delivering the things we promised to the Australian people. We’ve got to focus on continuing to make sure we’ve got interest rates coming down, that unemployment is low, that we’ve got wages growing. All of that’s happening, that’s good news.  

But we’ve also got to deal with the challenges that are coming at us if we want to make sure the economy’s stronger in the future. 

One of the things that I’m responsible for as part of that is making sure that more kids finish school and they get a crack at TAFE or at university. The more skills we have as a workforce, the more productive ultimately we’ll be. 

ABO: We’ll come to that, Jason. 

CLARE: And that’s just one of the reforms discussed there. 

ABO: Well, eventually all those students will end up having jobs and paying super, right; so are you going to raid unrealised gains on super? 

CLARE: I think Jim has made the point that we’re intending to go forward with those reforms. What we want is people to be able to retire with dignity, with enough money to be able to have the retirement they’ve earned and that they deserve. 

ABO: I suppose most of the Government’s predetermined proposals were pushed forward during this roundtable, right; the EV tax, housing approval reform. Did you really need a three‑day talkfest to lock in your own agenda? 

CLARE: I don’t think it’s about that, it’s about hearing from other people as well. For example, I know it’s a slightly different topic, but in about an hour or so I’ll meet with Education Ministers across the country on the sort of reforms that we need to make to keep our kids safe in childcare. 

Now you don’t get the sort of reforms that are needed unless you get people around a table, and that’s true whether it’s reforms to the economy or whether it’s reform for childcare centres. 

ABO: All right. Well, let’s get on to that, because I know that that is obviously your portfolio. 

So we know that the Victorian Government has decided that it will implement those 22 recommendations made when it comes to childcare and ensuring the safety of children is put first. Shouldn’t that be rolled out nationally? 

CLARE: Well, this is an important meeting today. I think Australians were sickened by the revelations out of Victoria, and they expect us to act. 

We’ve already passed laws, Sarah, through the Federal Parliament, that give us the power to cut off funding to child care centres that aren’t meeting safety standards. We’re already using those powers against 37 centres across the country, and there’s more to come. 

What we’ll be talking about today is establishing a National Educator Register so we know who’s working where and when they move from centre to centre, or from state to state. Mandatory education training, or mandatory child safety training for every worker in our centres. 

In a sense, they’re our best asset here. 99.9 per cent of the people who work in our centres are awesome people who love our kids and care and educate for our kids. They need the sort of skills to be able to spot somebody who might be hiding in plain sight up to no good. 

But we’ll also be making a decision today about a national CCTV trial, a national ban of personal mobile phones in our centres, as well as more national inspections of our centres. There’s no one thing, no silver bullet here that’s needed. We need to do all of these things to help make sure that our children are safer. 

ABO: All right. That’s all pretty promising to hear. Just finally, Jason, obviously the NDIS announcement from your Government yesterday has a lot of parents panicked right across the country, right. A lot of children that will be impacted by this are in classrooms right now right across the country. That falls into your portfolio as well. 

How will you ensure that they are not unfairly impacted, and whatever they transition into is seamless? 

CLARE: Yeah. And this is something that Mark Butler is leading. Obviously, there are a lot of young people at the moment with autism, with developmental delay, that are going through the NDIS really because there is no other system, there’s no other life boat in the ocean for them. 

What Mark is saying is we need to design a better system to support them, and that will have to interact with our childcare centres, with our early education and care centres, but also with our schools, and Mark will lead work, working with States and Territories, just like I’m doing today, on child safety to make sure that we get the design of that system right for our kids, to make sure that they get the sort of, you know, the sort of support that they really need. 

ABO: Yeah, a lot of reassurance is needed across the country at the moment. Jason, thanks so much for joining us this morning, appreciate it.

New Division 7A guidance about s109R

Source: New places to play in Gungahlin

We’ve released new guidance: TD 2025/5 Income tax: disregarding certain payments under section 109R of the Income Tax Assessment Act 1936 in determining how much of a loan has been repaid in situations where notional loans are involved. It outlines our view on how section 109R applies in the context of notional loans under Division 7A. If you have a private company, this guidance may be relevant to you.

This guidance finalises the view previously outlined in draft Taxation Determination TD 2025/D2.

Broadly, section 109R is an integrity provision that can apply where an entity repays a Division 7A loan, in part or in whole, or makes a minimum yearly repayment and they borrow a similar or larger amount from the same private company either before or after the repayment is made.

Specifically, TD 2025/5 states that:

  • Section 109R can apply to disregard certain loan repayments made to a private company where the repaying entity is taken to have obtained a loan from the company by the interposed entity rules in sections 109T and 109W of the ITAA 1936.
  • Where a private company is taken to have made a notional loan under sections 109T and 109W, section 109R can apply to disregard certain repayments when determining how much (if any) of that loan has been notionally repaid.

We’re providing more comprehensive guidance about s109R because we want to ensure that private companies don’t inadvertently trigger a Division 7A deemed unfranked dividend, which may result in an unexpected tax bill.

Thank you to everyone who provided feedback in response to TD 2025/D2 during the consultation period. To provide additional context for tax professionals and private groups, we’ve also published a compendium alongside TD 2025/5, summarising key feedback received and our response.

We recommend that you review TD 2025/5 to understand how it may apply to your arrangements. If you have a private company and are unsure about how Division 7A and section 109R applies in your circumstances, speak to your registered tax professional.

Keep up to date

We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.

Read more articles in our online Business bulletins newsroom.

Subscribe to our free:

  • fortnightly Business bulletins email newsletterExternal Link
  • email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.

Focus on Next 5,000 private groups lodgment performance

Source: New places to play in Gungahlin

A number of Next 5,000 privately owned and wealthy groups have entities with overdue lodgments for 2024 or earlier years. These lodgments include income tax returns, self-managed superannuation fund annual returns, fringe benefits tax returns, and business activity statements (BAS).

We know that most of you want to get tax right and meet your obligations on time. That is why we provide a comprehensive online hub with the information you need to lodge properly and pay in full and on time.

If you don’t lodge, we take action, including:

  • penalties for non-lodgment
  • audits
  • default assessments involving administrative penalties up to 75% of the tax-related liability
  • retention of funds until you lodge overdue returns and BAS
  • for SMSFs, a change of Super Fund Lookup status restricting rollovers and employer contributions, leading to penalties and ineligibility for SMSF tax concessions
  • referral for prosecution with convictions resulting in additional fines and even imprisonment for up to 12 months.

If you use a registered agent, including a BAS agent, you need to tell the registered agent if:

  • an entity within your group doesn’t need to lodge a return or BAS
  • you’re experiencing difficulties lodging or paying on time for reasons beyond your control.

We encourage you to take prompt corrective action to ensure you get up to date with your tax obligations as soon as possible.

What we expect of registered agents

Registered agents for Next 5,000 private groups should:

  • ensure your clients are registered for the correct roles
  • review most recent lodgment dates for all entities within their client groups
  • notify us if clients don’t need to lodge or are experiencing difficulties with lodging and paying on time
  • track clients’ annual on-time lodgment performance via the lodgment program status function in Online services for agents
  • clear outstanding lodgments as a first step when they take on new clients
  • access lodgment information via the income tax and activity statement client reports available in the Practitioner Lodgment Service.

We recognise that agents have a critical role to play in guiding their clients to ensure they stay up to date with their tax obligations.

Keep up to date

We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.

Read more articles in our online Business bulletins newsroom.

Subscribe to our free:

  • fortnightly Business bulletins email newsletterExternal Link
  • email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.

A heartfelt plea to South Australian drivers

Source: New South Wales – News

South Australia Police are sounding the alarm after a disturbing spike in reckless road behaviour, with multiple high-range drink and speeding drivers caught in recent weeks. Police are urging all road users to take responsibility before more lives are put at risk.

In the past week alone, SAPOL officers have intercepted 11 drink drivers, many with blood alcohol readings well into the high range:

  • A 39-year-old man at Allenby Gardens recorded a staggering .356, more than seven times the legal limit.
  • A 63-year-old man at Mount George blew .260.
  • A 42-year-old man at Prospect recorded .218.
  • A 40-year-old man in Whyalla was caught at .147, with a child in the car.
  • A 24-year-old woman in Enfield was driving on three wheels after colliding with a traffic light, recording .116.

These are not isolated incidents. They are symptoms of a deeper problem, one that demands urgent attention.

Speeding continues to be another deadly contributor. Among the most alarming:

  • A 53-year-old man was caught doing 168km/h in a 110 zone at Lake Gillis.
  • A 17-year-old boy in Salisbury was clocked at 95km/h in a 50 zone, then returned ten minutes later to do 82km/h in the same spot, resulting in $4,652 in fines and an instant loss of licence.
  • A 21-year-old man in Hampstead Gardens was caught doing 106km/h in a 60 zone.

These behaviours are not just illegal, they are lethal.

So far in 2025, 54 lives have been lost on South Australian roads. In August alone, eight lives have been claimed, six in the past ten days. Whilst the investigations into the recent fatals are still under investigation, and the cause of those crashes aren’t yet known, what we do know is the Fatal Five, dangerous road use, distraction, speeding, not wearing seatbelts, and drug or drink driving continue to be the leading causes of death in all fatal crashes:

  • Dangerous Road Users: 24%
  • Distraction: 22%
  • Speeding: 20%
  • Seatbelts: 15%
  • Drug Driving: 11%
  • Drink Driving: 6%

Superintendent Johnson reinforced SAPOL’s commitment:

“We will maintain a strong and visible presence on our roads. Several operations are planned across both metropolitan and regional areas. We will continue to target drink driving, speeding, distraction, and other dangerous behaviours. But we need the community to stand with us.”

This is a call to action. We urge every South Australian to speak up, to intervene, and to drive responsibly. If you see someone about to drive under the influence, stop them. If you’re tempted to speed, think of the lives at stake. If you’ve lost someone to road trauma, share their story.

Drink Drivers

16 August           Mt Gambier                        32-yo male                        .184 ILOL/Imp

16 August           Port Pirie                              57-yo male                        .172 ILOL/Imp

16 August           Port Pirie                              60-yo male                        .203 ILOL/Imp

17 August           Koorong                               50-yo male                        .170 ILOL/Imp

17 August           Port Pirie                              20-yo male                        .114 ILOL/Imp

17 August           Port Pirie                              18-yo man                          .111 ILOL/Imp (unlicensed)

18 August           Prospect                              42-yo male                        .218 ILOL/Imp

18 August           Whyalla                                40-yo male                        .147 ILOL/Imp (with child in car)

20 August           Allenby Gardens               39-yo male                        .356 ILOL/Imp

20 August           Mount George                   63-yo male                        .260 ILOL/Imp

21 August           Enfield                                  24-yo female                    .116 ILOL/Imp (on three wheels)

Excessive Speed

14 August           Truro                                     23-yo male                        163/110 (.030 PCA) $2059 fine 9 demerits, impound)

16 August           Lake Gillis                             53-yo male                         168/110 (ILOL + expiation)

18 August           Salisbury                              17-yo boy                            95/50 then same spot 10 minutes later 82/50 ($4652 fines + ILOL)

18 August           Dry Creek                            19-yo male                        143/80 (reported excessive speed, ILOL and Impound)

18 August           Dry Creek                            45-yo male                        162/90 (ILOL + expiation)

21 August           Hampstead Gardens       21-yo male                        106/60 ($2059 fine and ILOL)

AUSTRAC orders audit of global crypto exchange

Source: Australian Department of Communications

AUSTRAC has directed Binance Australia to appoint an external auditor after identifying serious concerns with the crypto exchange’s anti-money laundering and counter terrorism financing (AML/CTF) controls. 
Investbybit Pty Ltd, Binance Global’s Australian arm, is an AUSTRAC registered digital currency exchange provider.  
By transaction volume it is the world’s largest centralised crypto exchange. Established in 2017, it holds regulatory approvals or permissions in around 20 jurisdictions.