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Explore retail market insights, M&A trends, value drivers and growth opportunities shaping the sector, and learn how to build a stronger retail business.
In this special episode of Beyond the Numbers with Grant Thornton, Private Enterprise Partner Beau Chaperon hosts the show and sits down with Lea Hicks and Richard Fox to discuss resilience, leadership and the relationships that help individuals and organisations navigate change and achieve lasting success for Western Sydney.
Legacy is often associated with the athletes, infrastructure and moments that capture public attention. Yet the foundations of a lasting legacy are built well before the event begins and continue long after it ends.
Following the recent Parliamentary Inquiry into class actions and public debate around regulatory settings during COVID-19, Treasurer Josh Frydenberg has announced his intention to legislate permanent reform to continuous disclosure laws.
According to National Head of Retail & Consumer Products, Luke Ritchie, The explosion in online retail has been underlined by pureplay online businesses acquiring failing bricks-and-mortar retailers at bargain basement prices, only to relaunch them as online only operations.
M&A took a massive hit in 2020, with the majority of transactions put on hold in the February-March 2020 period in response to COVID.
Good news for everyone looking to grow their superannuation balance. The ATO has announced that from 1 July 2021 the transfer balance cap (TBC) will be indexed from $1.6m to $1.7m.
The preliminary December 2020 retail figures from the ABS underline just how resilient the Australian retail sector has been throughout 2020.
Summary of 2020 Local technical and financial reporting alerts
The ATO recently amended GSTR 2004/4 Assignment of payment streams including under a typical securitisation arrangement (GSTR 2004/4) to clarify how the ATO permits GST recovery for a home loan originator.
As flagged in June this year, Federal Parliament has passed a comprehensive package of reforms to Australia’s foreign investment review framework and Foreign Acquisitions and Takeovers Act 1975 (FATA), due to come into effect on 1 January 2021.
On 1 January 2021, a new simplified small business restructuring process will become available for small businesses.
Commencing in 2021, the Federal Government has announced a new, simplified small business restructuring process for small businesses as part of the economic relief reforms.
While COVID-19 presented a challenge to companies that few could have anticipated, it also acted as a catalyst. Companies were forced to review legacy structures to allow for more agile decision making, and to test their purpose and role in wider society. This report provides salient insights for Boards in Australia, as despite having a different Code in place that we report against, the key themes resonate with what we’re seeing here – purpose, culture, emerging risk management, stakeholder engagement, board effectiveness, remuneration, ESG, diversity and succession planning. It is also a strong indicator of what companies should be focusing on in the coming year.
Nearly all discretionary trusts are taken to be foreign persons in NSW.