ATO cuts tax penalty waiver approval rate from 90pc to 70pc
A spokesperson for the ATO said the agency had this year launched a review into its process for granting full or partial penalty waivers 'to ensure consistency in decision-making'. Taxation Ombudsman Ruth Owen is also reviewing the process and will report back by January 2026.
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7NEWS
19 minutes ago
- 7NEWS
"I took a buyer through it. Her reaction? "WOW!"
For the first time in over a decade, a stunning Federation-era, home at 38 Rockley Road, South Yarra is on the market with a price guide of $8.5 million - $9 million. It's epitome of the quiet luxury trend, unassuming from the street, but no expense spared in it's incredible architectural glow up. Know the news with the 7NEWS app: Download today Built in 1911 as part of the prestigious Howey Estate, this home sits on a generous 1,006 m block in a quiet and exclusive cul-de-sac. It is a beautiful example of Melbourne's Arts and Crafts architectural movement. When the Arts and Crafts movement hit Australia in the late 1800s, the country was bouncing back from the depression of the 1890s, and by 1901, the colonies had officially joined forces to become the Commonwealth of Australia. People were ready for a fresh start-and that included rethinking the way homes were built and designed. Australians started moving away from the stiff, formal look of British architecture and leaning into something more relaxed, honest, and down-to-earth. Think wide verandahs, exposed timber beams, handcrafted details, and built-in furniture that was both beautiful and practical. There was a real focus on natural materials, solid craftsmanship, and making spaces that felt warm, functional, and connected to the landscape. It was about creating homes that really worked for everyday life. This historically significant home has undergone a meticulous multi-year transformation by acclaimed architect Dale Fisher, seamlessly blending its original 1911 charm with cutting-edge design. Listing agent Tom Hayne of Marshall White Stonnington said: "The current owner says, it's a brand new home in heritage shell" "It's been fully renovated in the last five years, and it sits at the highest point of the road so it has all of these incredible vantage points and views," Hayne said. Upon entering the home, called 'Madalay', visitors are greeted by sun-drenched interiors, wide Victorian Ash floors, striking black steel-framed doors, and original leadlight windows. The distinctive hexagonal reception hall, synonymous with the Arts and Crafts movement, leads to a stately library and a sophisticated media room, both featuring marble fireplaces. The heart of the home is an expansive, open-plan living and dining area set within a soaring "conservatory"-style pavilion, warmed by a stylish Philippe Chiminee fireplace. "It has so many living areas and even though it's currently styled as a five bedroom, it could easily be six bedrooms with four living areas," said Hayne. If you are a keen chef, you can develop your Japanese stir frying skills as the entertainer's kitchen boasts a top-of-the-line Wolf oven with a teppanyaki plate, a massive 3.5m Carrara marble island bench, a Sub-Zero fridge/freezer, a Vintec wine fridge, and a fully equipped butler's pantry. Outside, steel bi-fold doors open to a serene north-east facing garden oasis, complete with a bluestone terrace, lush lawns, a BBQ area, a firepit with built-in seating, and a heated pool and spa. The luxurious main bedroom suite offers a private sanctuary with a grand marble fireplace, an elegant bay window, bespoke walk-in robes, and a stunning marble-clad ensuite with a mother-of-pearl mosaic steam shower. Upstairs, a dedicated zone features four additional bedrooms, two bathrooms, and a spacious rumpus room with its own ensuite and private entrance, ideal for guests, lucky teenagers or uni students craving their own space. Hayne said: "The big benefit for buyers is that all the hard work's been done, it's turn key and ready for a young family to enjoy it and live in it for generations." "I took a buyer through it. Her reaction? "WOW!"
West Australian
2 hours ago
- West Australian
Perseus Mining stalwart Jeff Quartermaine resigns as chief executive after 12-year reign
The long-serving chief executive of Perseus Mining, who transformed the 'struggling' Subiaco outfit into an African gold mining powerhouse, is stepping down from the top job. Jeff Quartermaine will finish up as Perseus' boss on September 30. He originally joined the company as its chief financial officer in 2010 before taking up the reins in 2013. 'Since assuming this role, he has transformed Perseus from a struggling single-mine, single-country company to a multi-mine, multi-jurisdictional gold producer, developer and explorer that has consistently delivered on its promises,' Perseus stated on Friday. The board of Perseus, which has a $4.4 billion market capitalisation and recently joined the ASX100, handed the CEO baton to former Newcrest chief operating officer Craig Jones. Mr Jones will be paid a base annual salary of $1.06m but his total yearly pay could more than treble the base amount if he meets short and long-term bonus targets. 'On behalf of the board, I would like to express my most sincere gratitude to Jeff for his leadership and guidance over the years,' Perseus chairman Rick Menell said. 'Jeff has transformed Perseus and has been pivotal in turning it into one of the most profitable gold producers in the world . . . we cannot thank him enough for such a positive legacy. 'Craig brings a wealth of strategic, operational and technical expertise, a deep understanding of complex operating jurisdictions and stakeholder management and a clear commitment to sustainable practices.' Mr Quartermaine has agreed to remain a consultant to Perseus for an unspecified amount of time and will be paid on 'market terms'. Mr Quartermain said it was an 'honour and a privilege' to serve as Perseus' boss for 12 years. 'Along the way we have faced a myriad of challenges including events such as the global COVID pandemic, but we have emerged stronger than ever, and the company is now well positioned to continue our success,' he said. Perseus has three operating gold mines in West Africa — one in Ghana and two in the Côte d'Ivoire. It is building a fourth mine, Nyanzaga, in the East African country of Tanzania. Perseus took control of Nyanzaga after winning a $270 million takeover tussle for OreCorp last year. Construction is set to cost $820 million with first gold expected during the first quarter of 2027. Perseus shares were trading flat at 9.10am. It has gained 86 per cent since the start of 2024.
Perth Now
8 hours ago
- Perth Now
Collapsed Aussie brand suddenly re-emerges
Australian swimwear and apparel brand Tigerlily is set to make its return to Australian shops this Friday, just in time to celebrate its 25th anniversary. After a bumpy two-year period, the brand 'all about beach lifestyle' will officially reopen down under. Customers will be able to purchase Tigerlily's signature bikinis, swimwear, and accessories online and through select retail partners, including department store giant Myer. Tigerlily general manager Prue Slocombe exclusively told NewWire the brand is looking to bring back its 'personality' back as it returns. Tigerlily x MadCo 'What we are looking to do with Tigerlily is take it back to that really vibrant, fun personality that it had 10-15 years ago when it was in its prime,' she said. Ms Slocombe said success for the brand will be built on having a customer first approach and staying authentic to customers. 'From there we would really love to see some aggressive growth. There is absolutely appetite for a considered retail approach. Iconic Australian retailer Tigerlily will make its return under Seafolly group. Picture Supplied Credit: Supplied Iconic Australian retailer Tigerlily will make its return under Seafolly group. Picture Supplied Credit: Supplied As part of its anniversary celebrations, the brand will be relaunching some of their best-selling heritage prints. 'When we looked through the archives, it was like kids in a candy store looking at all the prints, so we will be tapping into that,' she said. Tigerlily believes the key to a successful relaunch will be offering its unique design and quality garments at the right price, as Australians continue to battle through cost of living pressures. 'Quality is king,' Ms Slocombe told NewsWire. 'You could see a bikini on the beach and you knew it was Tigerlily and not every brand has that. 'All our garments have beautifully finished details, metal badging, metal trims, gorgeous hardware, blanket stitching, patchwork prints, that's what we are known for and the learnings from the past are we need to retain those parts of the brand.' Tigerlily was founded in 2000 by model, fashion designer and television personality Jodhi Meares. Tigerlily's relaunch comes 25 years after it was first created. Picture Supplied. Credit: Supplied Ms Slocombe said the business coming back 25 years after the brand Ms Meares built couldn't be better timing. 'We very luckily came back at the ... 25th anniversary, so having that nice milestone feels like a nice time to relaunch,' she said. 'Also boho is trending right now, so combined it feels like the stars have aligned for us.' Ms Slocombe said the Australian fashion industry as a whole is on the rebound following a leaner time during Covid. 'There is something nice about being able to celebrate the heritage brands of Australian fashion and they are still in demand,' she said. 'It shows if you're a strong brand that stays true to its customers and knows its space then brands can really stand the test of time. Iconic Australian retailer Tigerlily will make its return under Seafolly group. Credit: Supplied The relaunch follows a turbulent few years for the fashion brand. First launched in 2000 on the shores of Bondi Beach the brand quickly grew before being bought by fellow Australian fashion label Billabong in 2017. Ten years later Tigerlily changed hands again when Crescent Capital Partners bought it out for $60m. Tigerlily faced significant hurdles, ultimately collapsing in March 2020 as the Covid-19 pandemic severely impacted the global retail and fashion sectors. In 2021, the business moved to eco-friendly fabrics including organic materials and natural fibres. While the brand briefly restructured post-Covid, it again fell into financial difficulties and ultimately stopped trading in early 2024. Prior to collapsing, Tigerlily operated 10 stores and had 40 wholesale partners in Australia and the US as well as an online presence.
