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.
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.
Recent court decisions relating to the GST have resulted in some key learnings for the property industry.
APRA released a consultation paper on ARS 210 – Liquidity, in order to align liquidity reporting with the revised prudential standards APS 210 – Liquidity.
The Personal Property Security Act came into force in January 2012 and a consequence of the sheer complexity of the legislation and the register itself (the PPSR) we continue to witness suppliers and financiers from both the small and big end of town unintentionally ‘donating’ their assets to insolvent companies as a consequence of unenforceable security interests.
Last week APRA released its revisions to APG 223, in order to bring the document closer to the requirements set out by ASIC in its guide to responsible lending.
In the lead up to the end of the FBT year, it’s always a good idea to make sure that your FBT affairs are in order.