From creditorwatch.com.au: CreditorWatch’s Business Risk Index for March 2025 reveals a 42% increase in invoice payment defaults compared to the previous year, highlighting significant cost pressures affecting Australian businesses, particularly in discretionary sectors.… read more
From acuitymag.com: Business turnaround specialists develop strategies to rescue struggling companies from insolvency while addressing mental health challenges faced by business owners.
By focusing on early intervention and a balanced approach, these specialists aim to stabilize operations and support clients in financial distress.… read more
From gtlaw.com.au: ASIC has taken legal action against Wiluna Mining Corporation Limited for alleged disclosure breaches, while Clorox Australia faces significant penalties for misleading environmental claims.… read more
From morningstar.com.au: SMSF trustees must ensure compliance with ATO and ASIC regulations to avoid penalties and maintain tax advantages.
Key considerations include adhering to the sole purpose test and conducting transactions at arm’s length to prevent non-arm’s length income issues.… read more
From au.andersen.com: The April 2025 Monthly Tax Update outlines significant developments in budgetary measures, legislative changes, and tax rulings, focusing on economic support and relief strategies.… read more
From gtlaw.com.au: AI advancements in 2024 showcase a decrease in notable models and an improvement in performance, narrowing the gap between open and closed systems.… read more
From gtlaw.com.au: Treasury announced draft regulations for a new merger notification regime, introducing thresholds and forms that will become mandatory by 2026.
Large supermarkets must notify regardless of thresholds, with a public register tracking notified acquisitions.… read more
From allens.com.au: Provisional liquidators can be appointed to solvent companies to protect assets and ensure compliance when corporate governance fails.
The court may intervene in cases where there is a significant risk of asset dissipation and non-compliance with statutory obligations.… read more
From www.accountingtoday.com: Artificial intelligence is transforming accounting practices by automating routine tasks, enhancing data interpretation, and improving client services across tax, audit, and practice management functions.… read more
From www.accountingtoday.com: Automation and AI can significantly enhance efficiency in accounting firms, but many leaders struggle to quantify their value.
By understanding the monetary worth of time within the firm, leaders can assess the return on investment when adopting automation solutions.… read more
From sladen.com.au: The Victorian Supreme Court’s decision in Sec New Line Pty Ltd v Muffin Break Pty Ltd affirmed that franchisors have limited obligations to communicate lease issues to franchisees, specifically regarding the non-renewal of lease agreements.… read more
From piperalderman.com.au: The U.S. SEC has issued a statement clarifying that ‘covered stablecoins’ will not be classified as securities, marking a significant shift in regulatory stance and allowing the use of existing stablecoins without threat of enforcement action.… read more
From www.khq.com.au: The latest Workplace Watch update covers significant developments in workplace relations, including the opposition leader’s stance on same-job same-pay laws and revised policies for public sector work-from-home arrangements.… read more
From www.accountingweb.co.uk: Practical advice for effectively communicating with a board, emphasising the importance of clarity and preparation.
The value of transparency in sharing both good and bad news, encouraging CFOs to avoid assumptions about what board members need and to instead ask for their input.… read more
From www.investmentlawwatch.com: The SEC’s Division of Corporation Finance issued a statement on April 10, 2025, outlining disclosure requirements for certain registration forms related to crypto assets under the Securities Act of 1933 and the Securities Exchange Act of 1934.… read more