Sep 3, 2024
As the end of financial year approaches, it’s timely to remind self-managed superannuation Trustees of their compliance obligations, and in particular the need to ensure assets are valued correctly. While this is regular practice, given that the Australian Tax Office...
Aug 27, 2024
Despite the Federal Government claiming changes to superannuation will make the system ‘more sustainable and fairer’, closer examination of the draft legislation reveals the measures are actually inequitable and unsustainable in the long term. At a simple level, plans...
Aug 27, 2024
On the back of recent amendments to the Superannuation Industry (Supervision) Act allowing a change in financial statement signatory requirements, questions are being asked about whether audit documentation should also be subject to those changes. Specifically, some...
Jun 21, 2023
The way businesses operate has changed significantly since the days of having all employees in-house, to the point where it’s no longer unusual for companies to hire a range of external contractors for myriad of tasks, on short term, long term, or even indefinite...
Jul 15, 2019
As an Australian Financial Services (‘AFS’) licensee, you are required under s.912D of the Corporations Act 2001 (‘the Act’) to give ASIC written notification of a breach (or likely breach). This correspondence is expected to occur within 10 business days of becoming...
Sep 27, 2018
During 2005, the Financial Services Reform Act 2001 (“Reform Act”) was withdrawn and the entire content of this Reform Act was incorporated into the Corporations Act 2001 (“the Act”). The Reform Act introduced with new disclosure provisions, designed to provide...