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Under current law, GST is included in the purchase price of new residential premises and new potential residential (vacant) land, with the supplier/developer required to remit that GST to the ATO in their Business Activity Statement for the tax period in which the supply occurs - usually on settlement.

Summary of 2008-2019 Local technical and financial reporting alerts

Many aged care providers have received letters requesting in-depth information for the Royal Commission into Aged Care Quality and Safety – with five years’ worth of data and information due for submission, it’s an enormous task.

Every year, we spend time interviewing our clients to better understand their business and the trends most impacting on them.

As we head into the final hearings of the year-long Royal Commission, what have we learnt? What are those in the sector taking from the Royal Commission so far and how has it impacted customer behaviour? With an interim report providing no draft recommendations, there is still much speculation. However, there have been glimpses of what is to come and how financial services providers can prepare for 2019.

Every year, we spend time interviewing our clients to better understand their business and the trends most impacting on them.

Grant Thornton is pleased to congratulate the shareholders of AudioXtra Pty Ltd (AudioXtra), a leading specialist mobile and car electronics manufacturer, wholesaler and distributor, on their sale to the Japanese listed automotive wholesaler and retailer, AUTOBACS SEVEN Co. Ltd. (AB7).

The Leading Age Services Australia (LASA) Congress in Adelaide last week could not have better timed following the announcement in October of the Royal Commission into aged care quality and safety.

Disruption is happening, organisations need to harness change to influence its direction. This was the crux of an engaging session we hosted with AGSM’s Melbourne Alumni this week on the business of transformation.

The 25 September Facebook data breach, suspected to have impacted around 90m user accounts is a wakeup call for social media users and the technology sector.

Every year, we spend time interviewing our clients to better understand their business and the trends most impacting on them.

A number of colleagues – David Chau, Bei Bei Han, Judy Jin – and I were recently in China’s Tea Capital, Hangzhou, with partners from all around our international network to talk about trends in business globally, but also the huge opportunities we’re seeing coming out of China.