Budget 2018: The need for stability vs the lure of popularity

The 2018 Federal Budget was always going to be a tale of temptation. For months, the government had been trailing in the polls but edging ever closer towards parity. With the Election window around a year away, the seductive powers of delivering an electorate sweetener that gently but immediately swayed the balance of perception in … Continue reading “Budget 2018: The need for stability vs the lure of popularity”

Important Notice – Airbag recall

We would like to draw your attention to the mandatory recall of certain motor vehicles, issued by the Assistant Minister to the Treasurer, the Hon Michael Sukkar MP. On 28 February 2018, the compulsory recall was issued for front driver and/or front passenger airbag inflators manufactured by Takata Corporation. The compulsory recall was issued based … Continue reading “Important Notice – Airbag recall”

SproutX Pioneers needs farmers!

SproutX is the centre of Australia’s $100 billion agriculture opportunity. Through the SproutX Pre-Accelerator, Accelerator, co-working space programs and Venture Capital Fund, innovation within the sector is enabled through the empowerment of entrepreneurs and their agtech startups. After the completion of the first accelerator in 2017, we have supported the development of some innovative, commercially … Continue reading “SproutX Pioneers needs farmers!”

Who is classified as an ‘employee’ and why does it matter?

Contracting is becoming more popular as an alternative to the traditional employment relationship. As contracting and employee mobility become more sought-after, the difference between what constitutes an employee and a contractor becomes less clear. However, there are dangers in engaging a worker as a “contractor” without having a proper understanding of the various employer obligations. … Continue reading “Who is classified as an ‘employee’ and why does it matter?”

Highlights of the CPTPP: agri-advantage

Aussie and Kiwi farmers are celebrating the removal of 98% of tariffs on exports to buyers across the Asia Pacific. A multilateral trade deal between 11 countries signed March 2018 will come into effect within 18 months, and possibly even before Christmas. Last month we presented an introduction to the new free trade agreement (FTA) … Continue reading “Highlights of the CPTPP: agri-advantage”

Projects Fail because the Senior Leaders Can’t See

Today, businesses operate in an environment of unprecedented change.  Often new businesses take advantage of new technologies or use innovation to challenge existing models of product or service delivery.  Uber, Airbnb and Telsla are great examples of this.  Established organisations often struggle to keep up due to entrenched cultures and structure, legacy technology platforms and … Continue reading “Projects Fail because the Senior Leaders Can’t See”

Recognising Broker Commissions

Mortgage Brokers and Insurance Brokers are likely to see significant changes in their revenue recognition when IFRS 15 Revenue from Contracts with Customers is adopted. The 5 Step Revenue Model requires an entity to identify the performance obligations in a contract.  In simple terms, what service is the Broker actually providing to the customer? Where … Continue reading “Recognising Broker Commissions”

Trump’s Tax Changes: Impact on Australia in one simple example.

The US tax changes announced recently by President Donald Trump are one of the most dramatic and fundamental changes to US taxation of foreign earnings since 1986 and are already having a major impact on global supply chains. Global taxpayers are facing some major decision points. Affected companies will need to: Model the effect of … Continue reading “Trump’s Tax Changes: Impact on Australia in one simple example.”

Assembling the ideal board

Assembling an effective board is a challenging exercise. This is especially challenging for organisations with a small pool of prospective board members, even more so when board positions are honorary. Best practice for assembling an effective board is to have an appropriate mix of skills and experience. This mix depends on the organisation, but would … Continue reading “Assembling the ideal board”