Check out tax matters arising from Australian Federal Government's budget May 2016, provided by SR Sheth & Co Chartered Accountants at

There is a general assumption that small businesses around Australia would love to see a reduction in penalty rates. The assumption behind this assumption is that, if you reduce the penalty rates, the savings are added to the bottom line. But this assumption needs to be tested. My guess is that if you did a proper analysis you might find that success in small business is a much more complicated story than this suggests.

ED-270 is an exposure draft of accounting standards AASB 10-XY REPORTING SERVICE PERFORMANCE for a not-for-profit NFP organisation