Our latest insights

Explore the dynamic world of ESG (Environmental, Social, and Governance) and its influence on today's regulatory landscape. Learn about sustainability, transparency, and reporting requirements while delving into tax implications. Gain insights into how businesses approach ESG and discover emerging consumer trends in this Navigating the New Normal podcast episode.

When the AASB issues a new or revised Standard (or an Interpretation) with an effective date after the end of the reporting period, an entity has two choices.

In this episode, our host Rebecca Archer and the kids of Grant Thornton discuss what remarkable looks like for them, their perspective on problems facing our future, and how we should go about solving these issues, so our future is a prosperous world.

Although tech-enabled businesses are increasingly attractive for investors, many Early Stage Innovation Companies (ESICs) face stiff competition for investor capital. That’s why the Australian Government’s ESIC measures to incentivise investment in these companies are key to supporting the Federal Government’s sovereign manufacturing innovation agenda.

This week, the Australian Prudential Regulation Authority (APRA) finalised new requirements to Prudential Standard CPS 511 Remuneration, which will significantly impact authorised deposit-taking institutions (ADIs), insurers, and superannuation entities. This new standard requires APRA-regulated entities to publish details around their remuneration frameworks, design, governance, and outcomes. These changes come in an effort to create more transparency and improve risk management, in particular in the context of the poorly designed and executed remuneration frameworks exposed through the financial services Royal Commission.

Following the finalisation of the Taxation ruling TR 2023/1 on residency tests for individuals, the ATO have now issued a consultation paper on the new proposed changes relating to assessing an individual’s tax residency.

To ensure effective integration and outputs, alongside financial viability of new renewable projects, developers, owners, asset managers, energy retailers and investors need to understand the impacts for new and existing projects caused by grid congestion and supply and demand fluctuations.

GST Error Rules Changing: BAS Correction Updates

The AAT ruling in Chobani Pty Ltd and FCT [2023] AATA 1664 highlights the increasing complexity of the classification of food for GST purposes.

APRA-regulated businesses operating in the banking, insurance, and superannuation industries will soon be faced with significant regulatory changes. APRA and the ASIC have commenced early consultation around the introduction of the Financial Accountability Regime, which aims to establish a strong accountability framework to enhance risk management and governance practices in the financial sector.

In this episode of Navigating the New Normal, Pete Burgess, Partner in Corporate Finance, and Simone Barker, Director in Innovation Incentives, discuss how they support their clients to secure funding in order to grow.

A new financial year brings superannuation changes, and with it comes opportunities to strategise how you can increase your retirement wealth. We summarised the superannuation changes that you should be aware of from 1 July 2023.