Our latest insights

The Australian Government has continued its push for transparency on how Significant Global Entities (SGE) organise their operations and tax affairs.

Australia has continued its aggressive, unilateral approach to tackling Base Erosion and Profit Shifting, with the Diverted Profits Tax (DPT) introduced to combat multinational companies shifting profits out of Australia.

Retirement is supposed to be the phase of life when things become simpler. But for many people managing their retirement income adds complexity to what ought to be a time of relaxation.

The Australian corporate regulator, the Australian Securities and Investments Commission (ASIC) has recently written to over 1,000 proprietary companies enquiring whether their annual financial reports should’ve been prepared, audited and lodged with ASIC in accordance with the requirements of Corporations Act 2001.

In recent months, Grant Thornton has been aware of a scam that has been using our name without consent, targeting people by posing under the name of ‘Grant Thornton World’ or ‘Thornton World’.

Australian agriculture and food production have endured tough conditions in recent years, but there was a lot for both industries to be happy about in this year’s Federal Budget.

The Australian biotechnology sector was looking for two things from this year’s budget — the retention of the R & D Tax Incentive and some certainty about future Government funding.

After a four year-freeze on Medicare rebates any thawing will no doubt be welcomed by GPs and specialists. However as practices across Australia crunch the numbers it will quickly become clear the rebate defrost will not significantly add to the bottom line.

Property investment has been a part of Australian culture since the earliest days of British settlement. But for a growing number of Australians, the traditional pathways to property investment are getting harder and harder to traverse.

The full funding of the National Disability Insurance Scheme (NDIS) was one of the key calling cards for the Government in this year’s budget.

Changes to the Aged Care Funding Instrument (ACFI) announced in this year’s federal budget will have the biggest impact on the sector’s revenue, with $1.2 billion slashed from the available funding pool. Of most concern is that it appears this is part of an ongoing trend by the Government to reign in aged care spending.

Housing affordability was a central theme for the real estate and construction sector in this year’s budget. What was obvious from the budget announcements is how few levers the Commonwealth Government has available to address housing affordability.