Take up of restructuring for small businesses provided by the legislation enacted 1 January 2021 has been slow, but this may change now JobKeeper assistance has come to an end. The small business restructure reform is intended to provide a path back to solvency for companies impacted by the...
The Federal Court has dismissed the appellants appeal in its recent decision in H20 Exchange Pty Ltd (H2O) v Innovation and Science Australia (ISA) [2021] FCA 11. H2O undertook a project to establish an online water exchange platform that would allow the sale and purchase of water rights in the...
Fraud has been, is being, and will always be committed, even as the avenues for theft and what is stolen evolves. We continue to see a vicious circle between opportunities and vulnerabilities being revealed, and internal controls and technological adaptation being implemented to seal the gaps...
Successful transition of ownership is a key risk facing many dealerships. We take a look at some key factors we’ve found to make or break a successful transfer of ownership between generations of family.
The financial advice industry has undergone significant changes in recent years, impacting industry operations and future outlook. To date, large institutions and their advisers have accounted for the lion share of the industry, with smaller boutique operations, who focus on client needs...
The biggest vaccination campaign in history is underway, with flattening or declining COVID-19 infection rates being reported in countries with effective rollout programs. This is positive news for future health implications of the pandemic, but the financial impacts are more convoluted.
When your organisation needs to respond to a regulatory notice, substantiate a Research & Development (R&D) tax claim on time with the Australian Taxation Office (ATO) or AusIndustry or complete data separation for a carve-out post-merger, time is usually of the essence. How can your organisation...
If you have corporate clients who are small business owners, they may be eligible for a Small Business Restructure (SBR). The SBR regime was introduced to provide small businesses with a simple and cost-effective way to restructure their business and settle their debts while remaining in control...
The Federal Government has launched phase three of the SME Recovery Loan Scheme, as part of its commitment to supporting up to $40 billion in lending to Small to Medium Enterprises (SMEs).