Deloitte Australia

Deloitte Restructuring Services Partner appointed President of Insolvency Practitioners Association

Tue, 21 May 2013 03:03:11 GMT

Deloitte Restructuring Services Partner David Lombe has been appointed President of the Insolvency Practitioners Association of Australia (IPA).

Deloitte and World Economic Forum report: Industry policy key to manufacturing success

Mon, 20 May 2013 19:30:08 GMT

A new report conducted by professional services firm Deloitte and the World Economic Forum (WEF) underlines the pivotal role that Government policies play in driving successful manufacturing sectors.

Opposition SG deferral not in the best interests of Australians

Fri, 17 May 2013 00:00:00 GMT

The Opposition’s budget-in-reply announcement that they will delay the proposed increases to the Superannuation Guarantee levy by two years “was understandable but disappointing and not in the best interests of Australians.”

Restrictions placed on offshore banking units’ activities

Tue, 14 May 2013 12:17:46 GMT

The Treasurer yesterday announced changes to the Offshore Banking Unit (OBU) provisions to target ‘complex arrangements’ that shift income into the OBU to attract the 10% rate.

Budget changes to Funds Management industry mean more costs

Tue, 14 May 2013 12:03:15 GMT

Gary Howard, head of Financial Services Tax at Deloitte noted that the Government made several announcements in the Budget relevant to the Financial Services industry.

ATO receives big boost from Budget

Tue, 14 May 2013 11:56:03 GMT

The ATO is to receive an additional $254.8 million over the next four years to increase compliance crackdowns on profit shifting by multinationals, tax avoidance using trust structures, and to expand data matching using third party information.

Government acts quickly to prevent fall out from RCF decision and closes other loopholes

Tue, 14 May 2013 11:45:50 GMT

Under current law, non-residents of Australia are taxed on capital gains derived from the disposal of non-portfolio interests in Australian land-rich companies.

Thin cap changes consistent with Basel III

Tue, 14 May 2013 11:31:58 GMT

Tuesday’s Budget effectively picked up the Basel III changes to Tier 1 capital, by increasing the thin capitalisation minimum capital requirements for banks from 4% to 6%.

Superannuation changes confirmed

Tue, 14 May 2013 11:10:19 GMT

Deloitte National Superannuation Leader Russell Mason said that the 2013 Federal Government’s Budget was pleasing insofar as no significant additional changes were announced to the superannuation system.

Sighs of relief from superannuants

Tue, 14 May 2013 10:47:09 GMT

After much speculation following the Prime Minister’s recent statement that ‘everything was back on the table’, and much to the relief of superannuants and the superannuation industry, no further changes to personal superannuation were announced.

Self-education deductions limited

Tue, 14 May 2013 10:27:08 GMT

The Government has committed to limit self-education expenses to $2,000 per person per year.

Private companies and SMEs kept waiting on tax reform

Tue, 14 May 2013 10:17:38 GMT

Private companies and SMEs read with anticipation page 10 of the tax reform road map “Cutting tax and red tape for small business”. Sadly, the measures outlined were depreciation and R&D measures that are already in place.

No R&D for large Australian based multinationals

Tue, 14 May 2013 09:09:34 GMT

Large Australian business is expected to be denied access to the R&D tax incentive with effect from 1 July 2013, a change estimated to provide a gain to revenue of $1.1 billion over the four-year forward estimates period

Government announces major tax changes to consolidation rules

Tue, 14 May 2013 00:00:00 GMT

The Government yesterday announced support for several further technical changes to the tax consolidation regime which are aimed at improving the integrity of the consolidation regime

Financing costs hit with a non-deductible sledgehammer

Tue, 14 May 2013 00:00:00 GMT

The Treasurer has introduced a raft of measures restricting interest deductibility by Australian corporates coming into effect for income years that commence on or after 1 July 2014

Budget Monitor | Executive summary, May 2013

Tue, 07 May 2013 02:35:32 GMT

Turns out the Magic Pudding isn’t magic any more. For a decade now Australian Treasurers have been pulling rabbits out of a hat – delivering better-than-expected Budgets despite a ton of tax cuts, a flurry of family benefits, and a bevy of baby bonuses.

Buddy, can you spare $12 billion?

Mon, 29 Apr 2013 00:00:00 GMT

Today’s address by the Prime Minister to the Per Capita Reform Forum at the National Portrait Gallery saw her reveal the size of this year’s revenue shortfall at $12 billion.

Deloitte invests in growing its real estate advisory team

Tue, 23 Apr 2013 00:00:00 GMT

The team from Brisbane based property specialists Capland Real Estate Advisors (Capland) has joined professional services firm Deloitte

Business Outlook: Australia still in cost cutting mode

Mon, 22 Apr 2013 10:01:17 GMT

Australia still in cost cutting mode

Deloitte sees increased demand from clients wishing to migrate to the cloud

Thu, 18 Apr 2013 22:22:05 GMT

Professional services firm Deloitte is pleased to announce it is now offering clients the ability to migrate to the single ledger accounting solution provided by small business accounting software provider Xero Limited