Ed.
PE took over Healthscope and ‘trashed the joint’
From www.abc.net.au: Healthscope, Australia’s second-largest private hospital operator, collapsed after struggling with massive debt and financial mismanagement following its acquisition by Brookfield in 2019.
The company defaulted on rental payments and faced criticism for introducing controversial fees for patients, leading to conflicts with health insurers.… read more
childcare fees as a tax deduction
From www.theguardian.com: Arnold Bloch Leibler law firm plans to challenge a 50-year-old legal precedent that prevents parents from claiming childcare fees as a tax deduction in Australia.… read more
ATO whistleblower pleads guilty to 4 charges
From www.accountantsdaily.com.au: Richard Boyle, a former Australian Taxation Office officer, pleaded guilty to four charges related to his whistleblowing about the ATO’s aggressive debt collection tactics, including recording protected information without consent.… read more
ATO whistleblower avoids jail in plea deal
From www.themandarin.com.au: Richard Boyle, an Australian Taxation Office whistleblower, has avoided jail time after pleading guilty to four charges related to the disclosure of protected information and recording private conversations, as part of a controversial plea deal.… read more
Funds’ tax compliance and timely investor reporting
From www.pitcher.com.au: Fund managers must prioritize tax compliance and investor reporting as the 30 June deadline approaches, particularly in light of increased scrutiny from the ATO.… read more
Mitigating risk when using AI in the boardroom
From www.aicd.com.au: AI can enhance efficiency in board meeting minute preparation, but significant risks regarding accuracy and confidentiality must be managed through appropriate governance procedures.… read more
How to approach a strategy refresh
From www.aicd.com.au: High-performing boards often struggle with refreshing their organisational strategy, particularly when traditional assumptions are challenged.
A clear sense of purpose is essential for guiding strategy and aligning the organization, requiring directors to evaluate and redefine this purpose regularly.… read more
United States: Wiretaps in the Web Code?
From www.investmentlawwatch.com: [US context] Two investors have filed a class action lawsuit against a major asset management firm, alleging that its use of third-party tracking tools, including Meta Pixel and Google Analytics, violates anti-wiretapping laws due to lack of user consent.… read more