From www.cglaw.com.au: Australia’s recent privacy law reforms include a mandatory data breach reporting scheme and increased penalties for data breaches, driven by significant incidents at Optus and Medibank.… read more
From www.khq.com.au: The case Re EM McPherson Settlement [2024] VSC 744 highlights the need for updating old trust deeds that lack modern flexibility and amendments, as demonstrated by the trustee’s requests for court-approved changes to address taxation issues and broaden beneficiary definitions.… read more
From hlb.com.au: HLB Mann Judd’s latest publication discusses the need for entities to revise their income statements in light of the new AASB 18 standard, which replaces AASB 101 and alters financial performance reporting.… read more
From www.goingconcern.com: RSM Australia avoids poaching partners from the Big Four accounting firms, due to concerns that their competitive culture could negatively impact RSM’s collaborative environment.… read more
From hallandwilcox.com.au: The High Court of Australia ruled by a 4:3 majority that a new trustee does not owe a fiduciary duty to a former trustee regarding the former trustee’s right to indemnification from trust assets.… read more
From hallandwilcox.com.au: On April 3, 2025, President Trump announced new trade tariffs, including a 10% baseline tariff on imports from most countries and significantly higher rates for China and the European Union, causing immediate disruptions in shipping and trade.… read more
From www.bartier.com.au: The Supreme Court of Queensland’s decision in Re Negrean; Borbil v Borbil [2025] QSC 66 addressed the interpretation of a homemade will by a testator with limited English proficiency and involved disputes among the deceased’s children regarding rights to a property.… read more
From www.myob.com: Businesses are increasingly adopting Enterprise Resource Planning systems to enhance efficiency and maintain competitiveness amid rising costs and market disruptions.
Key indicators that it’s time for an ERP include losing ground to competitors, operational inefficiencies, lack of real-time insights, and evolving customer expectations.… read more
From www.ifa.com.au: Advisers should collaborate with external experts, particularly as changes to the Aged Care Act approach.
Those who do not specialise in aged care should consider referring clients to specialists to ensure they receive the best possible care and advice.… read more
From www.claytonutz.com: The ACCC has released an exposure draft of merger notification regulations, including new thresholds requiring notifications for acquisitions above certain GST turnover levels.… read more
From www.claytonutz.com: Superannuation boards must respond to industry-wide cyber breaches by viewing cyber risk as a strategic issue, initiating post-incident reviews, and improving crisis communication protocols.… read more
From www.bartier.com.au: The 2025 Banking Code of Practice introduces significant changes aimed at enhancing consumer protections, including an increased threshold for small business eligibility from $3 million to $5 million in total debt.… read more
From kkilawyers.com.au: Global stock markets have recently experienced a significant decline, prompting urgent reviews of estate planning and administration strategies to align with the new financial realities.… read more
From www.thesenior.com.au: Experts warn retirees about the potential negative impact of recent tariffs on their superannuation balances but advise against panic selling.
Market volatility may necessitate adjustments in withdrawal strategies or asset allocation to avoid locking in losses.… read more
From bdo.com.au: Exploring digital transformation’s potential in the aged care sector, this discussion focuses on new legislation, compliance issues, workforce management and staffing and financial sustainability.… read more