Australia
Virtual AGMs are very real

By Jeffrey Luckins on 21/01/21 - Mins to read: 4 minutes

There was a time when virtual AGMs were technically flawed, impersonal, untrustworthy and just not going to happen (and that time was before 2020). But those times certainly have changed and now virtual or hybrid AGMs are very real, safe, efficient, user-friendly and practically the only way for companies (in...
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Safe harbour review: ARITA’s recommendations

By Michael Brereton on 21/01/21 - Mins to read: 4 minutes

In response to Treasurer Frydenberg’s announcement in May of the government’s intentions to reform Australia’s insolvency framework as part of its Economic Recovery Plan, the Australian Restructuring Insolvency & Turnaround Association (ARITA) has now made a formal submission to the panel reviewing the insolvent trading safe harbour provisions. On 3...
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Take your payroll tax exposure seriously

By Paul Copeland on 21/01/21 - Mins to read: 4 minutes

In recent weeks, we have been contacted by many concerned clients regarding the Thomas Case and the potential impact it may have on the medical industry. There is a concern among practice owners that their current service agreements and existing service arrangements could leave them exposed to pay payroll tax, as...
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Proposed improvements to Australia’s Employee Share Scheme rules

By Alex Zinzopoulos on 21/01/21 - Mins to read: 4 minutes

At its core, employee share schemes (“ESS”) are designed to align the interests of employees with those of the employer. When that is achieved, the benefits extend to the economy at large due through encouragement of innovation and entrepreneurial behaviour. However, the utilisation of ESS in Australia has been hobbled...
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DINs to Burn Illegal Phoenix Activity

By Garth O'Connor-Price on 21/01/21 - Mins to read: 4 minutes

What are Director Identification Numbers? The Director Identification Number (DIN) is a 15-digit unique identifier that relevant directors will be required to apply for to assist with preventing fraudulent identities of directors and to combat illegal phoenix activity. In 2020, the Federal Government announced the Digital Business Plan when the...
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