Our audit team undertakes the complete range of audits required of Australian accounting laws to help you to help you meet obligations or fulfil best practice procedures.
In this episode, Partner and Head of Digital Assurance Liam Te-Wierik explores how technology is assisting auditors, the guardrails to be considered when using these tools and his thoughts on future trends for the auditing profession.
We help clients understand and address their employment tax obligations to ensure compliance and optimal tax positioning for their business and employees.
Alongside Chief Minister Lia Finocchiaro, Treasurer Bill Yan focused on reducing crime and increasing public service employee costs in supporting hospital and correction services.
We provide independent oversight and review of your organisation's control environments to manage key risks, inform good decision-making and improve performance.
We enable our clients to achieve their strategic objectives, fulfil their purpose and live their values supported by effective and appropriate risk management.
ADIs are navigating regulatory reform, digital transformation, and rising fraud risks by strengthening governance, modernising infrastructure, and aligning strategy with compliance to drive resilience and long-term value.
Our forensics team identifies and obtains relevant information, investigates the financial issue at hand and provides a clear, concise, sustainable opinion as...
Our team advises at all stages of a litigation dispute, taking an independent view while gathering and reviewing evidence and contributing to expert reports.
Post-acquisition disputes can significantly impact the success of a transaction and the ongoing success of the businesses involved. Read about practical insights into common post-acquisition dispute issues and how to address them proactively, particularly through the financial due diligence and deal advisory process.
Our M&A team works with clients to achieve a full or partial sale of their business, to ensure achievement of strategic ambitions and optimal outcomes for stakeholders.
Our operational deal services team helps to ensure the greatest possible outcome and value is gained through post merger integration or post acquisition integration.
As environmental, social, and governance (ESG) considerations become increasingly pivotal for dealmakers in Australia, it is important for investors to feel confident in assessing transactions through an ESG lens.
In this episode, Corporate Finance Partner Jannaya James talks through the 10th Edition of Dealtracker, what the current deals landscape looks like and where Australia sits on the global stage.
Our finance and funding team works to access sources of finance, present your case to potential funders and negotiate a long-term sustainable relationship.
We provide effective and strategic corporate finance services across all stages of investments and transactions so clients can better manage costs and maximise returns.
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.
Our proven methodology identifies opportunities to improve your processes and optimise working capital, and we work with to implement changes and monitor their effectiveness.
Against a backdrop of rising cost-of-living pressures and economic uncertainty, Not for Profits (NFPs) are facing increasingly complex challenges to maintain financial sustainability. With public expectations rising, funding pathways under strain, and operational costs climbing, many organisations are being forced to reassess how they operate. While the pressures are real, this also creates an opportunity to rethink collaboration, strengthen governance and build long-term resilience.
Our insolvency teams takes a proactive approach so our clients have access to more business turnaround options and retain the most value for all stakeholders.
Rising costs, supply chain disruptions, and shifting consumer behaviour are pushing many retailers to the edge. Taking immediate action to reduce operational expenses and prioritise cash flow management can give businesses the breathing room they need. Retailers must adapt quickly to survive these challenging market conditions and avoid insolvencies.
We help clients improve commercial performance, profitability and address challenges after internal or external triggers require a major business model shift.
We provide strategic director advisory services in times of business distress to help directors navigate issues and protect their company and themselves from liability.
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.
Rising costs, supply chain disruptions, and shifting consumer behaviour are pushing many retailers to the edge. Taking immediate action to reduce operational expenses and prioritise cash flow management can give businesses the breathing room they need. Retailers must adapt quickly to survive these challenging market conditions and avoid insolvencies.
We work with private businesses across Australia – and internationals looking to Australia for their investments and operations – on all accounting and...
Our outsourced CFO services provide a full suite of CFO, tax and finance services and advice to help clients manage risk, optimise operations and grow.
Whether you’re opening a business for the first time or looking to expand, Australia is one of the most attractive business locations in the world with a relatively deregulated and open economy.
Having a considered and informed ESG response has never been more important for all organisations as we are seeing awareness of the elements of ESG continue to...
There is a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the nonfinancial impacts of their business activities. Commonly, the responsibility for sustainability and ESG reporting is landing with CFOs and finance teams, requiring a reassessment of a range of reporting processes and controls.
With the ESG and sustainability landscape continuing to evolve, we are focussed on helping your business to understand what ESG and sustainability represents and the opportunities and challenges it can provide.
As the demand for organisations to prepare information in relation to ESG & sustainability continues to increase, through changes in regulatory requirements or stakeholder expectations, there is a growing need for assurance over the information prepared.
As environmental, social, and governance (ESG) considerations become increasingly pivotal for dealmakers in Australia, it is important for investors to feel confident in assessing transactions through an ESG lens.
In the dynamic landscape of family business and current economic environment, it’s critical to prepare the next generation to ensure they’re comfortable to take over operations.
Investment and business opportunities in Vietnam are expanding rapidly, driven by new markets, diverse industries, and Vietnam's growing role in export manufacturing, foreign investment, and strong domestic demand.
Whether you’re opening a business for the first time or looking to expand, Australia is one of the most attractive business locations in the world with a relatively deregulated and open economy.
For wine producers and vineyard owners, the recent New South Wales Civil and Administrative Tribunal decision in Zonadi Holdings Pty Ltd ATF Wombat Investment Trust v Chief Commissioner of State Revenue [2025] NSWCATAD 84 may spell trouble for their current primary production land tax exemptions.
If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.
Merger & Acquisition (M&A) and equity market activity in the Agribusiness, Food & Beverage (Ag, F&B) sector is undergoing a strategic shift, as investors have become more selective and increasingly cautious in response to global economic uncertainty.
From an active natural resources M&A market, a growing energy and renewable energy market, to new technologies and export and trade agreements – we have the...
As of April 9, 2025, a minimum universal tariff of 10 per cent has been applied to all imported goods into the United States, while certain countries face higher reciprocal tariffs based on their US trade deficit.
At Grant Thornton we do things differently because we understand that when you strive for better and care about what you do remarkable things are possible.
The compelling client experience we’re passionate about creating at Grant Thornton can only be achieved through our people. We’ll encourage you to influence how, when and where you work, and take control of your time.
At Grant Thornton, we strive to create a culture of continuous learning and growth. Throughout every stage of your career, you’ll to be encouraged and supported to seize opportunities and reach your full potential.
To be able to reach your remarkable, we understand that you need to feel connected and respected as your authentic self – so we listen and strive for deeper understanding of what belonging means.
We’re passionate about making a difference in our communities. Through our sustainability and community engagement initiatives, we aim to contribute to society by creating lasting benefits that empower others to thrive.
As a new graduate, we aim to provide you more than just your ‘traditional’ graduate program; instead we kick start your career as an Associate and support you to turn theory into practice.
On Tuesday 20 May 2025 Treasurer Jaclyn Symes delivered her inaugural budget alongside Premier Jacinta Allan.
For the first time in five years, the state reported an operating surplus at $600m, with projected surpluses of $1.9b in 2026–27, $2.4b in 2027–28, and $1.5b in 2028–29. Net debt is $167.6b, with it forecasted to increase to $194b by 2028-29.
The unemployment rate is 4.4 per cent and is expected to rise to 4.75 per cent in 2025-26, remaining below the pre-pandemic average of 5.5 per cent. Real economic growth is estimated to be 2.5 per cent in 2025-26, with an increase in real household income.
Separately, the Treasurer mentioned there would be no further taxes on businesses.
Key highlights
$4.1b for the Sunshine Station Superhub – two new platforms and concourse at Sunshine Station.
$1.3b to increase access to education including free Kinder for three- and four-year-olds, and subsidising courses at TAFE.
$976m to upgrade roads, maintain bridges and fix potholes, including $412m for the next phase of the Road Safety Action Plan.
$529m for healthcare including mental health support and 12 Urgent Care Centres.
$318m in free public transport for children under 18 years old.
$150m for the Victorian Investment Fund aimed at growing priority sectors including advanced manufacturing and defence and digital technologies, with $50m towards jobs and investment in regional Victoria.
$61m to remove stamp duty for off-the-plan apartments, units and townhouses for an additional 12 months.
An additional $4m to support the Mortgage Stress Victoria program.
Revenue measures
Stamp duty
Some key revenue measures include extending the stamp duty concession on eligible off-the-plan apartments, units and town houses until October 2026. Prior to October last year, the concession for off-the-plan was only available to first homeowners and for eligible properties below the value of $750,000. The stamp duty concession is now extended to any person seeking to buy an eligible off-the-plan property for any value for a further 12 months.
Additional levies
Although no new taxes were announced, the government has confirmed previously announced tax measures in its budget papers including the Emergency Services and Volunteers Fund levy and increases to the Congestion Levy, which is expected to bring in $222m in revenue in 2025-2026 year to the Victorian economy.
As announced in December last year, from 1 July 2025, the Fire Services Property Levy will be replaced by the Emergency Services and Volunteers Fund (ESVF). The ESVF will be calculated as a fixed charge depending on the type of property and an increased variable charge component calculated on the property value. The variable charge will approximately double for residential properties from 8.7 cents per $1,000 of capital improved value, to 17.3 cents and more than tenfold increase for primary production land from 5.7 cents for primary production properties to 71.8 cents. A consequence of the ESVF will be changes to classifications of property types, with the vacant land category being abolished and will be reclassified as industrial land.
A Congestion Levy is imposed to off-street private and public parking spaces in inner Melbourne. The aim of the levy is to reduce traffic congestion and encourage public transport use. The levy rate for the 2025 calendar year is $1,750 for parking spaces in Category 1 area and $1,240 for spaces in Category 2 area. These rates will increase in 2026 calendar year to $3,030 and $2,150 respectively and the rates will be indexed annually in accordance with the consumer price index each year after. An exemption to the Congestion Levy for parking spaces on government school premises will apply, which follows similar exemptions for non-government schools, hospitals, universities, libraries and museums.
If you wish to discuss the Victorian Budget announcements, please reach out to a Grant Thornton Partner today.
Learn more about how our Stamp duty & land tax services can help you
In its Budget Reply, the Opposition commits to key spending on healthcare and energy but plans to cut 41,000 public servants and repeal $17.1B in tax cuts, citing fiscal concerns.
With the 2025 Federal Budget confirmed for 25 March, we've got you covered. Check out our Federal Budget hub for our Budget coverage, and make sure you register for our virtual seminar where our panel of experts will dissect the Budget and tax implications for your business.
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