Our latest insights

On Thursday 11 November 2021, APRA announced its proposed new attachment to Prudential Standard APS 220 Credit Risk Management.

On 3 November 2021, the High Court of Australia handed down a landmark decision, ruling that the “backpacker tax” imposed on a UK national who was deemed to be an Australian tax resident was in breach of the non-discrimination clauses in the Australia-UK Double Tax Agreement.

The deadline for applications for Director Identification Numbers (DIN’s or Director ID’s) for existing Directors has been set.

The office of Local Government has proposed new minimum standards for risk management and internal audit.

Anti-money laundering and counter-terrorism financing changes, informally known as “Tranche 1.5”, relate to those entities captured by Tranche 1, including providers of financial, bullion, and gaming/gambling services.

As of 1 July 2021 it is now a criminal offence for Victorian employers to deliberately underpay employees or dishonestly withhold their entitlements.

While Modern Slavery Statement reporting periods have gone back to their normal schedule, now is a timely reminder to collate your Modern Slavery Statements and submit in time with the regular deadlines.

JBS Foods International is the largest meatpacking company in the world – but also in Australia. Operating 47 sites across the country, some sub-brands you might recognise include Primo and Hans.

In our podcast, Alex Bell, partner and National Head of Forensics at Grant Thornton, unpacks the complexities behind payroll and awards, the unexpected ramifications of getting it wrong, and what companies can do to protect themselves.

Payroll issues can arise as a result of a number of events in a business’s life: following a transaction, a review of your time-recording processes, a dispute, even a whistleblowing alert from your own people.

A merger and acquisition typically brings much value and many opportunities to all key stakeholders of a transaction

With the implementation of the Director Identification Numbers (DIN’s or Director ID’s) growing imminent, it will be important to understand the new obligations for those operating in the capacity of a Director, as failure to apply for a DIN within the required time frame will leave you open to both criminal and civil penalties.