From www.claytonutz.com: The Federal Court of Australia recognized a US Chapter 11 bankruptcy for Exactech, Inc. as a foreign main proceeding under the UNCITRAL Model Law, which included granting interim stay orders to protect the assets of the company and the interests of creditors.… read more
From www.claytonutz.com: ASIC’s key issues outlook for 2025 highlights concerns in the superannuation sector, focusing on changing market dynamics, member dissatisfaction with funds, and the prevalence of unsuitable superannuation advice.… read more
From www.bartier.com.au: Generative Artificial Intelligence will become regulated in legal proceedings in New South Wales starting February 3, 2025, with specific prohibitions on its use for sensitive information and witness statements.… read more
From www.bleepingcomputer.com: A ChatGPT vulnerability known as “Time Bandit” allows users to bypass OpenAI’s safety guidelines to obtain detailed instructions on sensitive topics, including weapons and malware creation.… read more
From publicaccountant.com.au: The 2025 salary survey from recruiter Hays indicates a 20% decline in employers reporting skills shortages, alongside increased business confidence, with 64% expecting higher activity next year.… read more
From sladen.com.au: In January 2025, significant reforms to Australia’s Mergers and Acquisitions regulatory landscape were established, moving from a voluntary review process to a mandatory one overseen by the ACCC).… read more
From smsmagazine.com.au: Accounting bodies have urged the ATO to provide clearer guidance for SMSFs on pricing non-arm’s-length income and expenditures, as the current draft lacks firm advice for properly determining commercial prices.… read more
From smallcaps.com.au: APRA is phasing out bank hybrid securities, which currently hold $43 billion in investments, due to concerns they pose risks to the financial system.… read more
From www.cfo.com: Weak financial due diligence often leads to failures in mergers and acquisitions due to common errors made by buyers.
Key mistakes include focusing solely on EBITDA, failing to deconstruct financials for anomalies, conducting incomplete management interviews, and not adequately assessing risk profiles.… read more
From www.accountantsdaily.com.au: Financial Services Minister Stephen Jones announced his retirement from federal politics, stating he will not seek re-election as the member for Whitlam.
Jones, who has served since 2010, will step down once the federal election is called, anticipated to occur by mid-May.… read more