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Technical publications Example financial statements

The IFRS team at Grant Thornton Australia produces example financial statements to illustrate the application of the requirements in Australian Accounting Standards (AASBs) which incorporate International Financial Reporting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB).

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Federal Budget Looking back to look forward

The ‘Federal Budget: A 10 year retrospective’ report was meant to provide the basis for change for industries with significant potential but lacking support at a policy level.

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Essential 8 Internal Audit during COVID-19

As organisations are navigating a new reality – confronting interruptions and disruptions – it is more vital than ever that organisations ensure good risk mitigation practices remain in place to manage rapidly evolving risks and minimise impacts.

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Report Dealtracker 2020

We have released the seventh edition of Dealtracker, our analysis of the Australian M&A and equity markets. Covering transactions during the 18 month period from1 January 2019 to 30 June 2020, we saw a significant decrease in deals in H1 2020 as the world responded to the COVID-19 pandemic.

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Podcast When cash is king – where do you turn when the banks pull back?

During the Global Financial Crisis we saw a tightening of liquidity from traditional sources – which took a period of nearly five years to bounce back.

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Insight Understanding the early warning signs of insolvency

With the world in the grips of COVID-19 and facing tough knock-on effects to all parts of the economy, the Australian Government has released multiple massive support packages to provide relief to individuals and business owners.

Restructuring and turnaround Home

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Podcast Getting your house in order - What happens when the COVID support measures end?

When COVID hit, the combination of JobKeeper, banks deferring principal and interest payments, and temporary changes to insolvency laws gave businesses some much needed breathing space – preventing the immediate tsunami of insolvencies many were anticipating.

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Insight Setting up a business presence in Australia

We have all seen the continued impact COVID-19 has had not only on businesses in general, but more broadly the global economy.

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Insight Deliberately (re)designing your organisation as you step out of COVID-19

As the old adage goes: ‘never let a crisis go to waste’. As a result of COVID-19, business owners and leaders now find themselves in an unfamiliar position.

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Dealtracker Agribusiness, Food & Beverage Bite Size Dealtracker 2021

Despite numerous lockdowns throughout the COVID-19 pandemic, the essential nature of the Agribusiness, Food & Beverage sector has seen diversification and growth opportunities for many of the market participants.

Energy & Resources Home

Federal Budget It’s time to remove the great blind spots in our resource sector

Largely left to operate on its own, the resources sector has been a stalwart of the Australian economy.

Financial Services Home

Insight Financial services consolidate to provide better services

More M&A as Financial Services organisations seek to consolidate for improved customer experiences.

Health & Aged Care Home

Press release Aged care providers share their perspectives on the future of ageing and age services

Today, global accounting and advisory firm, Grant Thornton released its ‘Perspectives on the Future of Ageing and Age Services in Australia’ report, having formally submitted the report to the Royal Commission into Aged Care Quality and Safety yesterday.

Life Sciences Home

Podcast Australian life sciences companies need to be born global

We’ve never been more aware of where our pharmaceuticals and medical products come from, or how long therapeutics take to go from research to product.

Manufacturing Home

Insight The success of modern manufacturing lies in value-adding, IP and new markets

Every country wants to export – it’s part and parcel of developing prosperity. And it’s part and parcel of Australia’s economy. To be successful, we need to have a diverse range of trade partnerships and to focus on value-adding manufacturing and retaining IP here in Australia.

Not for Profit Home

NATIONAL OUTCOMES MEASUREMENT PROGRAM A practical framework

Royal Commissions and federal budgets are critical things for Nonprofit human service providers to be thinking about at this point in time.

Professional Services Home

Podcast Riding the storm: Is the partnership model dead?

The professional services landscape has changed with COVID-19. The more agile the firm, the better placed they were to ride out the storm.

Real Estate & Construction Home

Insight Supply chain delays

We explore time delays caused by unprecedented convergence of surging demand and restricted supply chains during the Covid building boom. Time can be a killer in business, none more so than for builders burning overhead and facing delay claims on wafer thin project margins.

Retail & Consumer Products Home

Insight Jab jitters: retailers grapple with vax rules

Sydney’s lockdown ended overnight, with midnight haircuts, gym sessions and early morning shopping queues highlighting the enormous relief felt across the city.

Technology, Media & Telecommunications Home

Podcast How to commercialise a great idea

In our podcast, Innovation and Incentives partner Sandie Boswell, discusses what makes an innovative business successful (hint – lots of passion and strategy!), blind spots to look out for, and exciting future trends in innovation.

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Insights
Stimulus

Support for businesses impacted by COVID-19

We’ve seen support offered by all levels of government – from stimulus to concessions and grants. But with many announcements and phases of relief made available, it’s hard to keep track of what has been released to date.

Federal

The Federal Government has set the tone with their hibernation strategy. This strategy has two core components – the JobKeeper subsidy and rent relief. Together, these provide the means for businesses to effectively press pause on their business while still remaining connected to their employees and maintaining a physical presence which they can leverage and build on the other side of the coronavirus pandemic.

Elective surgery to restart after the weekend in first signs of recovery

21 April 2020

Prime Minister says we’re in the suppression phase

3 April 2020

Mandatory industry code for commercial and retail leases revealed

7 April 2020

Free access to childcare and updates on Industry Awards

2 April 2020

$1.1b to support telehealth, mental health and domestic violence support

29 March 2020

National Cabinet releases new quarantine measures

27 March 2020

New restrictions on non-essential services

25 March 2020

Second Federal stimulus provides $66b for those on the coronavirus economic frontline

22 March 2020

Reserve Bank Australia to inject liquidity into the market

19 March 2020

Government stresses sustainable measures to address COVID-19

18 March 2020

$17.6b stimulus package to stave off recession announced today

12 March 2020

Government announces $2.4b health package for COVID-19

11 March 2020

States and Territories

The States and Territories have responded to Federal announcements in their own ways – this includes their approach to schools, but also how they apply concessions and deferrals to payroll or land tax, and the fast-tracking of government works to keep people employed.