Our latest insights

The first Payment Times Reporting Register was published on 30 November 2021, and covered the reporting period 1 January 2021 to 30 June 2021.

Builders undertaking projects in Queensland should ensure that they are compliant with two significant regulatory requirements that fall due over the New Year period: 1) The roll-out of the Project Trust Account regime to commercial projects; and 2) Annual Financial Reporting to QBCC demonstrating compliance with the Minimum Financial Requirements.

Recently the Administrative Appeals Tribunal ruled that Global Citizen Ltd could be registered by the ACNC as a Public Benevolent Institution and this has provided further insight into the type of organisations that may register as a Public Benevolent Institution. Learn more here and how you should respond if your charity is not currently registered as a PBI.

Many families who have not already experienced a transition event can benefit from external assistance in developing their transition plan.

Retail worker shortages will be one of the biggest issues faced for the majority of retailers during Christmas and into 2022.

APRA’s feedback focuses on ensuring recovery from high-impact cyber-attacks. Boards are encouraged to seek assurance on the entity’s likely ability to recover from a high-impact cyber-attack.

IFRS 17 Insurance Contracts was issued by the International Accounting Standards Board (Board) on 18 May 2017. The Board published some amendments to IFRS 17, including a deferral of the effective date of IFRS 17 by two years, with entities required to apply IFRS 17 for annual periods beginning on or after 1 January 2023.

The ATO has recently undertaken a number of Income tax, Transfer Pricing, GST and R&D reviews of Fintechs across the ‘Top 1000’ and the ‘Medium and Emerging’ markets, focusing on business models such as online lenders, neo banks, buy now pay later providers, and peer-to-peer lenders. Based on the findings, the ATO has identified a number of key risk areas.

On Tuesday 23 November 2021, APRA released commentary following the conclusion of its pilot initiatives – the tri-partite audit and technology resilience data collection.

With most restrictions now behind us, we should expect this weekend’s Black Friday sales weekend to be the largest one ever for Australian retailers.

Traditional gender roles have seeped through family business in societies across all cultures, and the right of succession belonging to the first born child is still customary. What is the impact of this on the performance and operation of family businesses, and what does this mean for the next generation of family business owners?

Supply chain pressures are not unique to multinational enterprises (MNEs). But when combined with trade protectionism measures, evolving international tax policies, and technological disruption, the current global pandemic has created the perfect storm. The COVID-19 crisis has had an unprecedented impact on international supply chains – from delays in production and logistics, through to loss of confidence in global networks, supply chains have been well and truly tested.