Australia
Early access to superannuation: what are the risks?

By Alessandra Forero on 01/09/12 - Mins to read: 4 minutes

We are experiencing challenging times and extreme levels of uncertainty at present and while Canberra’s early release of superannuation initiative will benefit many, here we explain why it’s important to exhaust other options first. Early Release of Superannuation Scheme In March, as an economic response to the coronavirus, Canberra announced...
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Agricultural sector a source of confidence for South Australia in tough times

By William Buck on 01/09/12 - Mins to read: 4 minutes

For almost 75 years, advisory and accounting firm William Buck has been working with primary producers and agribusiness operators right across South Australia. While the COVID-19 pandemic brings with it a range of very real challenges for farmers and regional communities, William Buck’s Head of Agribusiness Ben Trengove said SA...
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NFP Financial reporting insights

By William Buck on 01/09/12 - Mins to read: 4 minutes

New SPFS disclosures take effect   Under AASB 2019-4 Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements, new disclosure requirements take effect for financial years ending on or after 30 June.    You will need...
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NFP ACNC Activities | May

By William Buck on 01/09/12 - Mins to read: 4 minutes

Annual information statement extensions  The ACNC commissioner has granted a blanket extension to charities with a 2019 annual information statement (AIS) due between 12 March and 30 August.    They will now need to submit their AIS's by 31 August.  The extension will be monitored as the COVID-19 crisis...
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NFP Governance | May

By William Buck on 01/09/12 - Mins to read: 4 minutes

NFP board remuneration  Chartered Accountants Australia and New Zealand has released Remunerating Not-for-profit Directors, which covers key factors NFPs should consider in determining whether those charged with governance should be paid.  The paper includes a checklist highlighting aspects to be considered when contemplating the move.  Among factors are an...
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NFP COVID-19 | May

By William Buck on 01/09/12 - Mins to read: 4 minutes

Institute of Internal Auditors helpful tools The Institute of Internal Auditors helpful tools: Procurement Integrity (Probity) whitepaper – published 2nd April 2020 This whitepaper discusses the importance for organisations to have a formal approach to transparency and accountability in the procurement process, and to outline how this can be achieved....
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