News & Views

Recent Land Tax Changes in Victoria

The Victorian Government has recently enacted changes to the land tax rules in respect of contiguous land in metropolitan Melbourne. From 1 January 2020, the principal place of residence (PPR) exemption will no longer apply to contiguous land unless the PPR land and the contiguous land are in regional Victoria. 

Ensure your company is clean as a whistle

In the flurry of activity that comes with a new financial year, you may have overlooked a significant announcement from ASIC about its changes to the Corporations Act to better protect whistleblowers. Even if you’re confident everything is ‘above board’ in your business, the new requirements are noteworthy for all public companies and large proprietary companies because it states there must be a compliant whistleblower policy in place by 1 January 2020, and made available to all employees.
 

Digital Transformation within the Mining Industry

Amidst the current challenges of the global economy, the mining sector has a sense of optimism.  Demand has been supportive of gold and iron ore prices, and minerals used for batteries will remain in focus, not least due to the ongoing growth in the electric vehicle markets.  Long term fundamentals underpin future demand.
Alongside a favourable outlook for mining demand, the cost side of the sector is being impacted by the application of technology – enhancing margins and reimagining processes which in some cases have endured for decades.

Important Announcement

On 9 September 2019, Moore Stephens International publicly announced the Moore Stephens network will become Moore, a transition to take place globally over the next 12 months.
 
Here in Australia, Moore Stephens will adopt the new brand from 1 July 2020.

Business sales – Net Working Capital and cash adjustments

Looking at selling your business? If you think that agreeing on the business’ value is the hard part, think again.

Many owners overlook the question of the purchase price’s net working capital adjustments, let alone how much cash to leave in a business at the point of sale. These areas are not only complex but can often be a major source of tension towards completion of a business sale. So, while it’s best to ensure you have a skilled advisor on hand to help you navigate your way through, this article will help you understand some of the considerations involved before you head to market.
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