The Aged Care Taskforce (ACTF) has released its final report. Its clear focus is on improving sustainability and ensuring fairness. The final report described twelve funding principles which fall into the categories of supporting older people as they age, equitable and sustainable funding, quality innovation, and transparency.
Discover APRA's proposed new guidelines on Interest Rate Risk in Banking Book (IRRBB) through APS 117, impacting non-significant financial institutions (non-SFI). Learn about key requirements, including risk management framework integration, technology capacity assessment, and data quality evaluation, ensuring compliance and effective risk management.
Read more for insights from the latest APRA statistics and ICAAP reviews highlighting the Australian banking sector's strengthened capital management. Learn key considerations for ADIs to balance risk and growth effectively, including data quality, operational risk focus, and leveraging automation.
Watch our seminar exploring prospects of the evolving retail landscape based on insights gathered at this year’s NRF conference: Retail's Big Show in New York.
The new superannuation contribution caps introduced from 1 July 2024 have provided the opportune time for taxpayers to strategise on how they can maximise their superannuation.
Family Businesses prioritise sustainability policies and actions that benefit their business and community, even before regulation around Environmental, Social and Governance (ESG) initiatives were mandated. This genuine drive allows family and mid-sized businesses to act authentically while integrating corporate terminology to create a competitive advantage.
Post-Black Friday, many retailers have reported robust sales and healthy profit margins. Yet, uncertainty lingers as consumers strategically navigate economic shifts, reshaping the holiday shopping timeline. Retailers now face the challenge of balancing promotions and managing costs to ensure sustained profitability in evolving market dynamics.
In a complex operating environment, the Australian Prudential Regulation Authority (APRA) is encouraging regulated entities to prioritise quality data as a valuable asset. APRA's growing emphasis on data risk management, evident in regulatory guidance such as CPG 235, CPS 234, and CPS 230, underscores the vital role of quality data for entities under its regulation. Despite progress revealed in APRA's 100 Critical Risk Data Elements Pilot study, a significant gap persists between current and optimal data risk management practices, with potential consequences including reputational damage and financial loss.
Navigating the Australian business landscape involves more than just identifying market opportunities; it also entails a thorough understanding of our country's tax and other regulatory obligations.
The results of the 2023 Family Business survey showed succession planning is still a topic of high importance to family businesses. The results revealed 72 per cent of family businesses believe succession planning would be an important topic for their business over the next two years.
The Aged Care Taskforce (ACTF) is evaluating aged care funding mechanisms. In response to this review, Grant Thornton, in collaboration with banks, Private Equity firms and a small group of providers, prepared this report for the ACTF to describe the aged care sector in terms of its capital needs and suggests ways to make it an attractive investment sector compared to other industries.
Outsourced CFO services can help scale up businesses, domestic established businesses and international subsidiaries with the demands of doing business