2015
A message from our Global Head of Real Estate & Construction
Another year, another PM! That’s five in five years, so one could be forgiven for thinking that Australia is governed by the opinion polls.
Fraud in focus: Increasing risks of financial crime impacting Australian charities and Not for Profits - Reports & increasing risks of financial crime
Of the approximately 600,000 charities registered with the Not for Profit sector, 6,000 new entrants were registered between December 2012 and December 2014.
Fraud in focus: Increasing risks of financial crime impacting Australian charities and Not for Profits - Summarising the risks
The growth in number of Australian charities and Not for Profit organisations, the demand for their services domestically and abroad, together with the increasing complexity of financial crime activity, all contribute to an increasingly high-risk environment.
Fraud in focus: Fraud in focus: Increasing risks of financial crime impacting Australian charities and Not for Profits - What to do
There is a wealth of documentation plus accepted standards and guidance to assist Directors and committee members ensure their organisations have strong integrity frameworks in place in order to ensure compliance with obligations relating to financial crime.
Fraud in focus: Increasing risks of financial crime impacting Australian charities and Not for Profits
The Not for Profit sector contributes around $43 billion to Australia’s gross domestic product, derived from approximately 600,000 organisations . This is an attractive sum of money for people intent on unlawful gain, which typically occurs through theft, fraud, bribery and corruption, money laundering and the financing of terrorism.
New South Wales Real Estate & Construction industry update
The New South Wales (NSW) residential market has reported strong growth for the year ending 31 May 2015. There was a total rise of 15.01% for all dwelling types, however for the month of May house prices fell 0.23% and units fell 2.76% according to the latest figures.
Western Australia Real Estate & Construction industry update
The State Budget had three major pillars, the first being a repeat of last year’s easy target, an increase in land tax rates and some changes to the thresholds, which is expected to raise an additional $182 million in 2015-16 and a total of $826 million over the next four years.
Australian Real Estate vulnerable to money laundering
AUSTRAC has released two new reports to help Australian businesses identify various money laundering techniques and methodologies used through real estate agents and other professional advisors.
Property now Australia’s biggest industry
The property industry has almost doubled its contribution to Australian GDP in the last decade and now has the economy’s largest footprint finds new research from AEC Group.
Significant changes proposed to Foreign Investment Review Board rules
As part of a consultation paper designed to restore confidence in the foreign investment review system, the Federal Government has flagged fees payable by foreign investors in Australian residential real estate. The measures are designed to ensure foreign buyers were on a level playing field with domestic buyers.