News & Insights

On 10 July 2020, the Victorian Government announced a further $534 million Business Support Package for businesses impacted by the Coronavirus lockdown. This is a summary of the $534 million Business Support Package for clients operating in Victoria. If you are a...

The issue of shadow or de facto directors highlights the importance of transparency and accountability for decision making in the company. Boards must be aware of the potential risks and those involved in management must be careful not to unwittingly be labelled as a shadow or de facto director.

The State Revenue Legislation Further Amendment Act 2020 (NSW) assented on 24 June 2020, clarifies that a trustee of a discretionary trust is a foreign person if the terms of the trust do not prevent a foreign person being beneficiary.

Figures released by the Australian Securities and Investments Commission reflect significant reductions in a number of categories of insolvency appointments in April and May this year, to the equivalent period last year. Obviously the period under review coincides with the lockdowns associated with the COVID-19 health response.

Electronic signatures are becoming a part of the landscape of business, particularly in the current remote working environment. However just how enforceable are electronic signatures. Some recent case examples suggest that the law is struggling to keep up with the advent of e-signatures.

There will always be a sample of creditors who may be dissatisfied, for whatever reason with the directors choice of external administrator. Accordingly it is timely to revisit the guidelines surrounding the exercise (or non-exercise) of the chairman’s casting vote in external administration meetings.

Director Identification Numbers set to provide traceability of director relationships across companies. Another tool in the regulatory arsenal to combat phoenix activity has passed parliament and is awaiting royal assent.

What you need to think about for the 30 June 2020 financial reporting period…. Presented by Carmen Ridley, Associate, GAAP Consulting (www.gaap.com.au) and a current member of the Australian Accounting Standards Board.

In this edition of Hall Chadwick’s Tax Time Monthly we cover updates and findings from ATO on; income tax, superannuation and state tax.

Many CEOs and business owners rely on in-house bookkeeping and accounting to receive their financial statements each month because it’s what they’re used to. However, with technology advancements in recent years, traditional is not always best when it comes to...