Australia
Trusts 101

By Greg Travers on 05/02/21 - Mins to read: 2 minutes

Most private businesses and many family groups have an Australian trust somewhere in their legal structure. While the use of trusts has become common place, it is critical not to forget the basics of how trusts work. Trusts are a complex structure. The below comments are general in nature and...
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Directors beware – or face potential criminal charges and ASIC banning orders

By Michael Brereton on 05/02/21 - Mins to read: 2 minutes

In a strong warning to company directors over the past four weeks, Australia’s corporate watchdog has issued several announcements detailing criminal charges or banning orders against those that have failed to act diligently and adhere to their duties and obligations. We’ve summarised the announcements from the Australian Securities and Investments...
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Get ready for Single Touch Payroll (STP) 2.0

By Rachael Wade on 05/02/21 - Mins to read: 2 minutes

Phase two of The ATO’s Single Touch Payroll (STP) reporting regime is due to come into effect on 1 January 2022. STP 2.0 is expected to bring the greatest amount of complexity since the regime was introduced in July 2019. Find out more about STP 1.0 here. STP 2.0 requires...
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How to attract and retain talent during a labour shortage

By James King on 05/02/21 - Mins to read: 2 minutes

Business SA's Quarterly Survey of Business Expectations (SOBE) for the September quarter, prepared in partnership with William Buck, has uncovered a lack of labour force availability as a common concern among the business owner respondents. Almost two thirds of respondents (62%), said they had found it harder to source labour...
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Is your strategic management report set up for effective decision making?

By William Buck on 05/02/21 - Mins to read: 2 minutes

Management reports aim to allow users to assess the company’s strategy, identify its strengths and concerns and empower management to make decisions. Management reports are not just about profit and loss. They provide details about the company’s operational information, keeping management, the CEO and the Board are kept informed of...
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