By Thomas Clarke, University of Technology Sydney Westpac is to pay A$1.3 billion, by far Australia’s biggest-ever corporate fine for breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act. The 93-page statement of agreed facts It’s not only Westpac. What’s behind the biggest fine in Australian corporate history […]
Reform of the GST could deliver Australia a revenue boost of between $14 billion and $40 billion, boosting productivity and economic growth and enabling the abolition of less efficient taxes, as the country recovers from GST reform: Facing the elephant in the room […]
Coronavirus related disruption is a challenging time for all businesses, and especially for business leaders. Now is the time to review the short term and rethink longer-term strategies for an emerging future before your competition Critical Review of Your Business During COVID-19 […]
Consumers of financial services products have gone increasingly digital in the COVID-19 era, with almost 80 percent now preferring online access. Customers are also demanding better value for money from providers, a KPMG Australia survey Generational gap opens up as majority of consumers prefer digital financial services […]
Returning the Federal Budget to surplus following COVID-19 may take an additional 19 years, and reaching zero net debt an additional 27 years, without comprehensive tax reform, according to projections undertaken by PwC Australia. While Comprehensive Tax Reform: timing is everything […]
A first-of-its-kind study of ASX listed companies has found employers who manage their cash flow and short-term capital efficiently, can more easily survive financial shocks, and even increase their share price. As the economic fallout Efficient cash flow cycles help local employers withstand shocks […]
Rising uncertainty is challenging Australian CFOs and impacting their confidence about the financial prospects of their businesses going forward. The latest edition of Deloitte’s biannual CFO Sentiment survey finds that over half (54%) of CFOs remain optimistic Bushfire and Coronavirus (COVID-19) have CFOs concerned […]