Australia
Options available to wind up your company

By Michelle Viscardi on 23/07/24 - Mins to read: 3 minutes

For some Chief Financial Officers, there might come a time when the wind up of your company, or of a related company, is inevitable. The decision on when to wind up a company is very important. Just as important is what type of wind up approach is appropriate in the...
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How governance has become a strategic edge for manufacturing businesses

By Jeffrey Luckins on 23/07/24 - Mins to read: 3 minutes

In manufacturing today, strong governance is the foundation of resilience, competitiveness and growth. Businesses that treat governance as a strategic weapon, not just a compliance exercise, will be the ones that survive disruption, protect value and lead the next era of Australian industry. In 2023, the Australian Securities and Investments...
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Mandatory sustainability reporting has arrived in Australia

By Mark Smit on 23/07/24 - Mins to read: 3 minutes

Australia’s new sustainability reporting framework is now in effect, requiring certain entities reporting under Chapter 2M of the Corporations Act 2001 (the Act) to prepare a sustainability report that includes climate-related financial disclosures in accordance with the Australian Sustainability Reporting Standards (ASRS) issued by the Australian Accounting Standards Board (AASB)....
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Why your tech startup needs a virtual CFO

By Karly Whitehead on 23/07/24 - Mins to read: 3 minutes

For many early-stage tech companies navigating the volatile path from ideation to commercialisation, the focus is largely on product development and market entry. Financial management, while critical, is often a secondary consideration. Most startups don’t yet require or have the budget for a full-time Chief Financial Officer (CFO). This is...
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Navigating Division 296: strategic considerations for the $3m superannuation tax

By Charis Liew on 23/07/24 - Mins to read: 3 minutes

The recently re-elected Federal Government plans to advance its Division 296 Tax Bill aimed at reducing the tax concessions available to individuals with superannuation balances exceeding $3 million. If enacted, the draft legislation will impose an additional 15% tax on a proportion of ‘earnings’ on superannuation balances over $3 million....
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Navigating the $3m Super tax’s impact on your Super SA fund

By Andrew Barlow on 23/07/24 - Mins to read: 3 minutes

Super SA Triple S scheme members must carefully review the proposed Division 296 changes to superannuation taxation because of the fund’s distinctive tax structure. The new Division 296 tax is anticipated to apply to individual superannuation balances exceeding $3 million from 1 July 2025, with earnings (including unrealised gains) on...
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