Tuesday, June 30, 2026

TJF and the taxing stories of ACs & DCs

"I can feel guilty about the past, Apprehensive about the future, but only in the present can I act. 

The ability to be in the present moment is a major component of mental wellness."

Abraham Maslow (April 1, 1908 – June 8, 1970) American psychologist 


Adios muchachos guys and gals



It's difficult to say goodbye to someone as amazing as you, but the good news is that your lessons will live on in my memory. Thank you for being an excellent mate and mentor … 


It is not just a colleague I am saying goodbye to, but a true blue friend. From our regular coffee breaks to those deep conversations about life over lunches at PH and Yarra and beyond, every moment has been special.


I am grateful for your exceptional integrity and the positive energy you brought to the office. Your genuine care for others and your passion for solving problems have been truly inspiring. Your country boy laugh lifted the mood on every floor of 255 GS  


And your talent for giving thoughtful gifts peppered with history etc 🎁 was legendary. 

To be sure to be sure your rare  dedication and innovative spirit will be greatly missed. To boot, there are not many people who would dare to order huge bureaucratic machinery to cease and desist on 7 July or any other day …

Your knack for getting invites to special events such as Super Bowl and other exciting events are legendary in Australia and overseas. 


“I’ve counted the hours, I’ve punched in the clock,

But now it’s time to walk the walk.

No more meetings, no more calls,

No more staring at these walls.

The coffee’s weak, the akadaka  Wi-Fi’s slow, 

But I’ve had enough, so here I go.

Emails, reports—oh, what a bore,

I’m off to find what life has in store.

The grind was real, but I’ve had my fill,

So I’m trading this desk for a brand new thrill.

Farewell, dear cubicle, it’s been quite a ride,

But I’m off to live on the wild side.

No more memos, no more ‘ASAP,’

No more boss breathing down my neck.

PS: We are both leaving it all without regret,

So now we are free, bud, it’s time to jet!”



 LET THERE BE ROCK: LATE AC/DC FRONTMAN BON SCOTT REMEMBERED WITH MELBOURNE MURAL


AC DC, the Aussie legends' rude and raucous best, from "Big Balls" to "Back in Black".

Bulldozing rock-hard riffs, more double entendres than you can shake a stick at, and one comically snug schoolboy uniform: These are just a few of the ingredients that have made AC/DC one of the most iconic rock & roll bands for more than 36 years. Songs like “Highway to Hell” and “You Shook Me All Night Long” are classic-rock radio staples, and their 1980 LP, Back in Black, would be the bestselling album of all time if Thrillerdidn’t exist.


"I'm back in the black / I hit the sack / I've been too long I'm glad to be back / Yes, I'm let loose / From the noose / That's kept me hanging about"


"Ride down the highway / Goin' to a show / Stoppin' on the byways / Playin' rock 'n' roll"


"Season ticket on a one-way ride / Askin' nothing, leave me be / Take it all in my stride"


 How To Lie With Charts and Graphs Un-Diplomatic 


Inside Intelligence Agencies, a Fight Over Building a Master List of Spies


‘We’re up against forces that have all the money in the world’: Erin Brockovich on her battle against AI datacentres


"One can choose to go back toward safety or forward toward growth. Growth must be chosen again and again; fear must be overcome again and again."

~ Abraham Maslow


The technology presents all sorts of thorny problems—a philosopher’s favourite kind


Copilot? Claude (deontological) essentially has a different set of ethics than ChatGPT and Gemini (consequentialism). Also: "In 2024 ... 7% of those who had studied computer science were unemployed, against just 5.1% of philosophers."

Why big AI labs are hiring so many philosophers


Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” 

– Steve Jobs. I believe that what you have accomplished here with us was great work, and I also believe that there is even greater work out there for you. I hope you love it...


As usual, Abraham Maslow was wrong. People create art when they're dying, starving, freezing, not only when they are comfortable and have all their needs met. 

Because creating art is a fundamental human function. it's a way to say "I was here" and "I saw, thought, and felt something".


Senator Barbara Pocock asked Finance Minister Katy Gallagher if TPB Chair Peter de Cure should recuse himself from deliberations regarding KPMG's conduct,

 

The Greens say the firm should not train public servants in ethics while questions remain over its conduct and government contracts.

Senator Barbara Pocock has written to the federal government to press for the removal of KPMG as the APS Academy’s ethics trainer of choice.

Pocock has urged Finance Minister Katy Gallagher to discontinue the Big Four firm’s $1.3 million ethics and leadership contract, following revelations the firm had misused confidential client information from Lendlease to help win the audit of Westpac. Pocock has urged Finance Minister Katy Gallagher to discontinue the Big Four firm’s $1.3 million ethics and leadership contract, following revelations the firm had misused confidential client information from Lendlease to help win the audit of Westpac. Pocock wrote to Gallagher asking the government to review the ethics and leadership engagement after the firm was found wanting when it appeared before the corporations and financial services committee. 


Senator Barbara Pocock asked Finance Minister Katy Gallagher if TPB Chair Peter de Cure should recuse himself from deliberations regarding KPMG's conduct, given his past partnership with the firm. Gallagher responded that the government expected the Tax Practitioners Board (TPB) to appropriately handle any real or perceived conflicts of interest

——

De Cure rejected Pocock's assertion that the board had failed to deal adequately with the issue. 

"It's my view that we received a referral from the ATO, and that we dealt with that referral in accordance with the Tax Agents Services Act,


Tax Practitioners Board (TPB) CEO Michael de Cure made this statement during a parliamentary committee hearing regarding the PwC tax leaks scandal. He was responding to questioning by Senator Barbara Pocock regarding how the board handled the regulatory breach involving confidential government tax plans. [12345]
The Context of the Statement
  • The Referral Source: In response to Senator Pocock's queries, de Cure stated: "It's my view that we received a referral from the ATO, and that we dealt with that referral in accordance with the Tax Agents Services Act," [1]
  • Regulatory Action: He defended the TPB's handling of the matter, noting that the board imposed the maximum sanctions deemed appropriate under its legislative powers following the Australian Taxation Office referral. [1]
  • Legislative Limits: Former TPB CEO Michael O'Neill also noted during the hearing that heavier penalties, such as Federal Court fines, could not be applied to the PwC matter due to strict legislative limitations on the board's powers. [1]
For more details on the oversight of advisory firms, you can review the parliamentary proceedings on the Parliament of Australia website.


Australian treasurer says alleged access of prime minister's bank data 'incredibly concerning'


SYDNEY: Australian Treasurer Jim Chalmers said on Tuesday (June 30) a report that two Ernst & Young employees on temporary assignment at Commonwealth Bank of Australia allegedly accessed Prime Minister Anthony Albanese's personal banking details was "incredibly concerning."

The Australian Financial Review (AFR) newspaper reported on Tuesday that EY had sacked two employees who were facing criminal charges after they allegedly accessed Albanese's bank details and those of at least one EY partner.

EY declined to comment on the report, and Albanese's office did not immediately respond to a request for comment.

A CBA spokesperson said "it is not appropriate for us to comment on individual contractor matters."

Chalmers told reporters he would not comment on legal processes under way.

"But I think on the face of it any developments of that kind are incredibly concerning, not just in relation to the PM's details but any Australians' details," Chalmers said.

The media report comes as EY's peer KPMG faces an audit leak scandal, adding pressure on Big Four accounting firms after their new-business revenue from the Australian federal government fell by almost half last year.

The Australian Federal Police (AFP) said it had charged two Sydney men on May 6 with allegedly accessing restricted personal banking data belonging to a federal parliamentarian.

A 21-year-old man was charged with unauthorised access to restricted data and publishing or distributing personal data, and a 25-year-old man was charged with unauthorised access to restricted data, intending to cause the access and knowing it was unauthorised.

The AFP did not name the lawmaker but said both men were granted police bail to appear in a Sydney court on Tuesday.

"As the matter is before the court, no further comment will be made," an AFP spokesperson said by email.

The AFR report, citing unidentified sources, said the two men deployed to CBA would have received a system warning requiring them to confirm they were permitted to access a customer's confidential information.

Once they agreed they were authorised, the system granted access to personal bank details, the report added. - Reuters


EY: Another big four accounting firm plunged into a corruption crisis after worker accesses Albanese’s account

Ben HarveyThe West Australian
Anthony Albanese, Ernst & Young The Nightly
Anthony Albanese, Ernst & Young The Nightly Credit: The Nightly

Another big four accounting firm has been plunged into a corruption crisis, with an EY worker facing court on Tuesday after being accused of accessing Anthony Albanese’s private banking details.

Paul Issa, 21, was on secondment at Commonwealth Bank when he allegedly looked up the Prime Minister’s account.

He was charged by the Australian Federal Police, along with his brother, Phillip Issa, 25, who has no link to EY.

The Sydney brothers, whose family home in Marrickville is close to Mr Albanese’s former house, were given bail and appeared at Downing Centre Local Court. At the hearing their bail was continued until their next court appearance on August 25.

Paul Issa faces one count each of unauthorised access/modification of restricted data and using a carriage service to publish personal data to menace or harass. He is accused of spying on a senior EY executive’s accounts, as well as Mr Albanese’s.

Phillip Issa has been charged with a single count of unauthorised access/modification of restricted data.

Phil and Paul Issa.
Phil and Paul Issa. Credit: Little Boomers AU

According to Mr Albanese’s register of interests, the Prime Minister holds a Commonwealth savings account as well as a mortgage for a property on the Central Coast he jointly owns with his wife.

Treasurer Jim Chalmers said any breaches of that kind were “incredibly concerning”.

“Not just in relation to the PM’s details but any Australians’ details,” he said.

EY, formerly known as Ernst & Young, declined to comment.

A spokesperson for Commonwealth Bank said “it is not appropriate for us to comment on individual contractor matters”.

The EY scandal comes as fellow accounting giant KPMG deals with the fallout from its own, much bigger, trust crisis.

KPMG chair Martin Sheppard last week became the latest casualty of a saga which began when a whistleblower complained that company had misused board papers from Lendlease to support bids for audit work.

The whistleblower’s concerns were played down by the company, and it wasn’t until Labor senator Deborah O’Neill aired the concerns under parliamentary privilege in March that KPMG cleaned house.

Mr Sheppard’s resignation followed the departure of chief executive Andrew Yates and audit partners Paul Rogers and Eileen Hoggett.

KPMG has launched an “action plan” that will include the appointment of the firm’s first independent chair, an overhaul of its governance and a review of its whistleblower program.

“We did not meet the standards expected of us, and we recognise the impact this has had on the whistleblower, our people, our clients and the community,” interim chief executive Stan Stavros said.

“Trust will only be rebuilt through sustained action and demonstrable change. We are determined to confront what went wrong, act transparently and ensure these failings are not repeated.”

The unfolding scandal comes three years after PwC was in the gun for misusing Federal Government information.

PwC Australia partner Peter Collins was advising bureaucrats on laws to stop multinational corporations from dodging tax.

Despite signing confidentiality agreements with the Australian Treasury between 2013 and 2018, he shared the information with PwC colleagues, who used the intelligence to help clients structure their operations in a way that avoided the laws Mr Collins was helping design.

Inquiries by Senators in May 2023 revealed that more than 50 PwC staff received the leaked information. The scandal triggered the resignation of PwC Australia chief executive Tom Seymour and sanctions against Mr  Collins