The pandemic supercharged flexibility in the workplace, so what now? People expect more flexibility from workplaces today, and companies that don’t have a formalised flexible workplace policy could miss out on attracting and retaining top talent. Companies should consider the flexible work solutions they can implement to address their people’s needs.
Merger and acquisition (M&A) values in Australia were up 13% in the six months to June 2023 to AU$64.8bn, compared to the same period in 2022, while global deal values dropped 35%. Energy, mining and utilities (EMU) was the top sector in the first half of 2023, accounting for 78% of deal values and 20% of deal volumes.
In June 2023, legislation containing new thin capitalisation rules from 1 July 2023 was introduced into Parliament. Broadly, thin capitalisation applies to entities part of multinational groups that incur debt deductions (e.g. interest) of more than $2 million for an income year (on a group basis).
70% of all Australian businesses are family-owned and a Binding Financial Agreement helps plan for worst case scenarios. Seeking independent financial and legal advice may be the best course of action.
For business leaders chasing productivity, the introduction of ChatGPT in November 2022 could not have been more perfectly timed.
This year was meant to be all about ‘value’ on the share market: Rising rates were expected to hose down the demand for tech-focused growth stocks and boring old value stocks were meant to shine. It didn’t happen. ‘Because’, says top adviser Charlie Viola,‘ the whole debate is rubbish, good companies make good investments that’s […]
Trade buyers and private equity have been the traditional acquirers of businesses in Australia, but search funds are increasing in popularity across the corporate finance landscape, particularly for transactions less than $50 million. Search funds can potentially widen the pool of buyers for a business but these funds are attracted to specific features that boards […]
On Monday 26 June 2023, the International Sustainability Standards Board (ISSB) released its inaugural sustainability standards, designed to provide a global baseline of sustainability- and climate- related disclosures for the capital markets.
Further, on Tuesday 27 June 2023, the Australian Treasury released its second consultation on climate-related financial disclosures.
In good news for SA businesses, and despite the Budget falling into deficit, the State Government has again met its pre-election promise to not introduce any new taxes or increase existing taxes.
On 22 April 2023, the Australian Government announced a direct pathway to Australian citizenship for New Zealand citizens living in Australia.
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