From www.scale100.co: Brian Chess, Oracle NetSuite’s AI chief, asserts that generative AI will revolutionize ERP usability, allowing business users to interact directly with software without needing specialized skills.… read more
From www.khq.com.au: SafeWork Australia has published a report summarising significant developments in workers’ compensation schemes across Australia and New Zealand for 2024.
The Fair Work Commission announced updates including the expanded coverage of the Early Childhood Education and Care Multi-employer Agreement and rejected Grill’d’s enterprise agreement due to inadequate explanation of its terms to employees.… read more
From pointonpartners.com.au: The ATO has increased scrutiny on family trust distributions, particularly regarding compliance with the 47% family trust distribution tax and the necessity of an interposed entity election.… read more
From www.asbfeo.gov.au: Prime Minister Anthony Albanese announced the Hon Dr. Anne Aly as the new Cabinet Minister for Small Business.
The Australian Small Business and Family Enterprise Ombudsman, Mr.… read more
From www.aicd.com.au: The ALP government has been re-elected with its strongest House of Representatives majority since 1943, allowing for a more ambitious long-term policy approach focused on productivity and climate change.… read more
From www.aicd.com.au: Public companies must prioritize effective investor relations strategies to maintain shareholder confidence and attract new investors.
Key practices include having a dedicated IR function, understanding the investor base, providing transparent communication, educating investors about business strategy, ensuring good governance, committing to environmental, social, and governance factors, and clearly delineating roles within the company.… read more
From www.heffron.com.au: Turning 65 is significant for superannuation as it allows individuals to fully access their superannuation funds without restrictions and offers the most favorable tax treatments, such as tax-free pension payments.… read more
From www.icaew.com: [UK context] The UK government plans to reform international tax rules, focusing on narrowing the scope of UK-UK transfer pricing rules and replacing the diverted profits tax with a new corporation tax provision for unassessed transfer pricing profits.… read more
From www.claytonutz.com: ASIC)has released Regulatory Guide 280 (RG 280) to provide clarity on mandatory sustainability reporting requirements that commenced on January 1, 2025, for certain entities.… read more
From www.claytonutz.com: The Full Federal Court clarified the concept of “apparent possession” under the Personal Property Securities Act 2009 (Cth), ruling that it is determined from the perspective of a hypothetical observer within viewing distance of the collateral rather than from a general public viewpoint.… read more
From www.abc.net.au: Anthony Albanese has announced his new frontbench team following Labor’s significant electoral victory, appointing Michelle Rowland as attorney-general after the removal of Mark Dreyfus and Ed Husic.… read more
From charteredaccountantsanz.com: A research collaboration involving CA ANZ and two Australian universities examines Key Audit Matters for ASX-listed companies’ 2024 financial statements.
The study finds that asset impairment and revenue recognition are primary concerns, with economic uncertainties increasing audit risks.… read more
From smallcaps.com.au: Prime Minister Anthony Albanese’s election victory allows Labor to pursue legislation, including a proposed tax on superannuation earnings above $3 million, which aims to be implemented by the 2025/26 financial year.… read more
From www.aigroup.com.au: Leaders conducting performance reviews should understand their purpose, gather comprehensive data, and set clear objectives to guide the discussions.
Effective communication and a structured agenda are essential for providing constructive feedback and encouraging employee development.… read more
From asic.gov.au: ASIC reminds small business directors of their legal obligations to manage company money and assets appropriately, noting that misuse can harm creditors and lead to company failure.… read more