Country by Country reporting, the new ATO regime effecting global business

Posted by Kelly Morgan on 21-Mar-2017 09:51:17

Below is an overview of the new Country-by-Country (CbC) reporting requirements that have come into effect as part of the OECD’s BEPS Action Plan.

In working with our existing clients we have come to understand that this is not something widely known and head offices around the world are just starting to understand the intricacies of this new regime.

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Topics: ATO, Legislation, international business

Audit relief for foreign subsidiaries

Posted by Kelly Morgan on 16-Aug-2016 13:09:48


Understanding when your Australian subsidiary’s accounts do not need to be audited could save your business money and man hours.

An increasing number of companies are finding it easier to sell their ideas in markets far beyond their home countries. Some may find the Australian market lucrative enough to set up an office and employ locals to assist in servicing their clients.

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Topics: SME, Legislation, financial reporting, international business, audit

Financial reporting reform for Companies Limited by Guarantee

Posted by Azure Group on 20-Oct-2015 13:08:00

Recent changes, which came into effect on 28 June 2010, may affect your company's financial reporting obligations with ASIC.

The changes were introduced by the Federal Government with the aim of reducing financial reporting requirements for Australian companies. These reforms also change what is required in financial reports lodged with ASIC for the financial year ending 30 June 2010 and following financial years.

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Topics: Legislation

Current National Employment Standards

Posted by Azure Group on 19-Oct-2015 17:13:00

The legal conditions and obligations of employing staff are quite intricate and it is imperative that businesses stay up to date with changes to workplace relations legislation. 

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Topics: Legislation

Malcolm Turnbull will be sworn in as Australia's 29th prime minister today

Posted by Azure Group on 15-Sep-2015 09:32:41

The big news in Australia this morning is that Malcolm Turnbull will become our new prime minister today after he beat Tony Abbott 54-44 in a ballot for the Liberal leadership last night.

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Topics: Legislation

Quick Facts – The Intergenerational Report 2015

Posted by Azure Group on 11-Mar-2015 08:09:00

What is the Intergenerational Report?

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Topics: Legislation

How to harness new opportunities in today’s market

Posted by Michael Derin on 05-Mar-2015 17:15:00

When regularly meeting with my clients I have noticed a common goal from them all – they are all looking for strategies on how they can make 2015 a profitable one and ride out the turbulent times the economy and local policy is causing.

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Topics: Legislation

Murray report: SMSF borrowing ban stirring questions

Posted by Azure Group on 04-Jan-2015 17:22:00

The recent Financial Systems Inquiry report saw a number of recommendations that could significantly change the economic landscape of Australia. One of the most talked about recommendations was that of banning SMSF borrowing due to the risk to the taxpayer should the fund collapse. Whilst our blog post The Financial System Inquiry: How does it affect you? summarised the main recommendations coming out of the report, we thought the banning of SMSF borrowing warranted a dedicated post. 

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Topics: Legislation, SMSF

Are you compliant under the new Franchising Code?

Posted by Azure Group on 22-Dec-2014 13:20:00

If you’re involved in franchising, changes to the Franchising Code of Conduct come in to play from 1 January 2015.

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Topics: Legislation

What does the Mid-Year Economic and Fiscal Outlook mean for business?

Posted by Azure Group on 15-Dec-2014 08:26:00

The Mid-Year Economic and Fiscal Outlook (MYEFO) was released today and it’s clearly showing a grim outlook for Australian business with revenue declining and cost increasing – not quite the path to profit that we desperately need.  

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Topics: Budget, Legislation