Reading the headlines over the past few months, the casual observer can be forgiven for thinking the world’s two largest economies are about to drag themselves (and the rest of us) into the abyss of a global trade war. Newspaper-selling headlines aside, the reality is far more nuanced. The likelihood of a trade war is still a remote possibility and shouldn’t form baseline projections.
The Royal Commission has now turned its focus on the Life Insurance industry. The hearing is set to run from the 10th to the 21st of September. This round of hearings considered issues associated with life insurance and general insurance along with the regulatory environment of the insurance industry.
A new venture is always exciting and premised with good intentions, but care should be taken to appropriately address risks associated with establishing a new business in the market.
On the back of the recent Australian startup, Unlockd, going from potential IPO to voluntary administration in the space of weeks, this article explores some risks and considerations that business owners and their advisers should address ahead of a full launch
The Government has introduced new tax incentives to boost investment in early stage innovation companies in Australia.
In particular, these tax incentives are designed to encourage new investment in small Australian innovation companies, often referred to as ‘startups’, with high-growth potential.
In our experience, the startup community are very interested in accessing the concession for their investors, however there have been difficulties with entities satisfying the relevant eligibility requirements.
Until recently, foreign buyers, including expatriate Australian citizens, essentially had the same issues to deal with as Australian investors when it came to buying residential property. Following a number of recent changes, foreign buyers must carefully consider how best (and where) to buy property in order to minimise unexpected costs.
How lessons from the frontline can be applied to everyday business leadership
What makes for an effective leader? This is a question that is asked again and again, across the spectrum of society and business. Every day we see cases where leadership is being negatively questioned (think Cricket Australia, Federal LNP deputies and the NRL domestic violence cases) yet at a time when it is becoming more important than ever as businesses strive to recruit the best in an era of rapid industrial advancements. Industry reports continually paint a grim picture of leadership in business, and as trusted client advisers it is something we should not be afraid to question when we engage with our clients.
Since its launch date, the Australian Trusted Trader (ATT) program has been building momentum, attracting strong interest from a variety of businesses ranging from small-medium enterprises (SMEs) to multinational corporations (MNCs), with service providers also expressing interest in applying for accreditation.
The recent federal budget once again highlighted the fundamental importance of agriculture to the Australian economy, particularly during the current economic transition.
For sectoral growth much beyond the rate of natural population, and assuming Australian’s don’t suddenly decide to massively increase their consumption, production increases will require new markets, lest the domestic market be swamped. Conveniently, the world’s greatest concentration of middle-class consumer population growth is centred on our ASEAN and north Asian neighbours, a single flight or comparatively brief container-ship journey away.
The 2018 Federal Budget was always going to be a tale of temptation. For months, the government had been trailing in the polls but edging ever closer towards parity.
With the Election window around a year away, the seductive powers of delivering an electorate sweetener that gently but immediately swayed the balance of perception in favour of the incumbent was going to be hard to resist.
With 30 June quickly approaching, now is a good time to assess your current position and ensure your year-end strategies are in place.
These fact sheets highlight some of the key tax law changes that have taken effect thus far in the 2017/18 income year, and the changes that will shortly take effect which may impact on your personal or business year-end tax planning decisions.
What does the future hold? Predicting outcomes in global trade is often more an imprecise art than a science, as interwoven as they are with geo-political events. Current media attention on the protectionist war of words (and tweets) emanating from the US White House has made a clearer understanding even more necessary.
We would like to draw your attention to the mandatory recall of certain motor vehicles, issued by the Assistant Minister to the Treasurer, the Hon Michael Sukkar MP.
On 28 February 2018, the compulsory recall was issued for front driver and/or front passenger airbag inflators manufactured by Takata Corporation.
Contracting is becoming more popular as an alternative to the traditional employment relationship. As contracting and employee mobility become more popular, the difference between an employee and a contractor becomes less clear. However, there are dangers in engaging a worker as a “contractor” without having a proper understanding of the various employer obligations.
This month, Australia and New Zealand, along with nine other Asia-Pacific nations signed one of the largest and most progressive free trade agreements in history. The agreement opens up new trade opportunities for Aussie and Kiwi exporters and businesses, covering a market of 495 million people, or 6.8 per cent of world population.
The concessional contributions cap for 2017-18 is $25,000 per individual per financial year.
From 1 July 2017 there is only one cap that applies to individuals of any age.
There are only two certainties in life; death and taxes.
While we all do (or should do) our taxes every year, we rarely spend any time planning how we would like our assets distributed upon our passing.
While regulated entities have been legally obligated to take reasonable steps to maintain the security of personal information held, there was previously no obligation to notify individuals if their personal information was compromised. A lack of awareness around data breaches and the regulations around data reporting has hindered individuals from taking preventative action against crimes and identity theft by, for instance, cancelling credit cards or changing passwords.