Our latest insights

Changes to Australian Accounting Standards will mean that many for-profit entities have to prepare General Purpose Financial Statements for the first time.

Today was the first of a series of meetings between the Federal Government and the country’s largest employers regarding the vaccine roll-out.

Guidelines for the MMI Manufacturing Collaboration Stream have just been released.

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.

On Tuesday 29 June the NSW Treasurer Dominic Perrottet announced a major grants package for businesses affected by the recent COVID-19 outbreak and ensuing two week lockdown.

Australia has the second largest reserve volumes of lithium in the world, yet only 4% of it is refined or processed in Australia – we send it all offshore.

Recently passed by Parliament is the Treasury Laws Amendment (More Flexible Superannuation) Bill 2020.

Single Touch Payroll (STP) has been mandatory for all Australian employers since 1 July 2019. After two years of embedding, the ATO has confirmed that Phase 2 of STP reporting will commence on 1 January 2022.

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.

Department stores have long been a popular hub for convenience, variety and discovery. However, the explosion in online shopping, continued expansion of floorspace and now the challenges of Covid-19 have seriously challenged their business model.

The G7 this week has reached what has been described as a seismic agreement on global tax reform. The new rules, yet to be truly formulated, are meant to ensure that the world’s largest multinational technology companies will pay “their fair share” of tax in the countries in which they operate.