Insights

Taxation in Australia is both complicated and constantly changing. Public interest in the tax system is arguably at an all-time high. Politically there is a desire to increase tax transparency for larger businesses and high net worth individuals to provide community confidence that ‘the bigger end of town’ is paying...

Garry Mathoda

Director

Sydney

Insights

Embracing the data analytics revolution

Data analytics, at its core, is the art and science of extracting actionable insights from the labyrinth of data. It encompasses the use of cutting-edge tools and methodologies to dissect, analyse, visualise, and interpret data, leading to informed and strategic decision-making. This pivotal concept has gained immense significance in today’s...

Sangeetha Ravisankar

Senior Data Analyst

Sydney, Newcastle

Insights

ESG: The future of reporting

In our continued exploration of better practice in Environmental, Social, Governance (ESG) reporting, our focus turns to the agricultural sector. We hope this case study provides guidance and insight to support you on your own ESG journey. There are significant benefits to be gained by reporting on ESG factors, however,...

Dawn Alexander

Partner

New Zealand

Insights

Building trust through ESG: Community engagement in the mining sector

The mining industry, historically linked with significant environmental and social impacts, faces increasing pressure from stakeholders to demonstrate responsible business practices. This pressure is not just regulatory or market-driven, it comes from the very communities where these companies operate. This is where a robust Environmental, Social, and Governance (ESG) strategy...

Darren Shillington

Managing Partner

Perth

Whistleblower programs Breaking the silence

Insights

Breaking the silence: How new laws empower NSW public sector whistleblowers

Whistleblowers who work in all public sector agencies across New South Wales will now receive greater protection, following extensive revisions to the Public Interest Disclosures Act (PID Act) which came into force on 1st October 2023. This amended whistleblower legislation is a commendable step forward in the state’s commitment to...

David Morgan

PKF Integrity Partner

Brisbane

Insights

The art of speaking up: How to detect organisational fraud

Fraud is a significant - and potentially very costly - issue for government agencies and companies of all sizes and industries. A common misconception about fraud is that the perpetrator is external to the organisation. However, anyone with access to sensitive information - current or former employees, for example -...

David Morgan

PKF Integrity Partner

Brisbane

Insights

What happens when your complaints manager leaves? The risks you need to know

The reality of business is that people changing roles and organisations is inevitable. However, many business leaders haven’t been alerted to the specific - and significant - risks that arise when the person managing your employee complaints decides to depart. This can leave an unexpected vacuum, and if not addressed...

David Morgan

PKF Integrity Partner

Brisbane

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Insights

Are you providing multiple avenues for your employees’ complaints? We explore better practice.

Many organisations, with the best intentions, set up a Complaints Officer along with a corresponding process, with the intent of fostering improved communication, employee psychological safety, and legislative compliance. But what if you've set up a whistleblowing or complaints management system for your employees to voice their concerns, and you...

David Morgan

PKF Integrity Partner

Brisbane

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Insights

Is it time for a business health check?

Are you keeping an eye on the pulse of your business? Much like a human body, a business requires regular health checks to ensure it's performing at its peak and to identify potential issues before they become substantial problems. If you're a CEO or a business owner of a mid-sized...

2 contributors

Brisbane, Sydney

Insights

The rarely talked about emotional benefits of finding the right business advisory partner

As a business leader, you're likely familiar with the strategic and financial advantages that a business advisory partner can bring. Typically discussions around business advisory partnerships focus on the clear, tangible benefits - strategic insights, financial guide, and operational support. However, there are some key benefits outside of this that...

Sara Crevillen

Partner

Brisbane

Insights

Understanding and navigating family dynamics in farm succession

Family dynamics are at the heart of farm succession planning, where relationships, roles, and expectations among family members can significantly influence the success or failure of the transition process. Ensuring a harmonious handover not only safeguards the farm's future but also maintains family unity.

Steve Meyn

Chairman

Australia

Insights

When employee culture surveys raise more questions than answers

You’ve completed your culture survey, the results are back, and the scores are lower than you anticipated. Yet, your inbox for formal complaints is empty. Why this disconnect? The silence behind the survey Culture surveys, designed for anonymity, make employees feel safe to share their workplace concerns. This safety net...

David Morgan

PKF Integrity Partner

Brisbane

Insights

What happens when your complaints manager leaves? The risks you need to know

The reality of business is that people changing roles and organisations is inevitable. However, many business leaders haven’t been alerted to the specific - and significant - risks that arise when the person managing your employee complaints decides to depart. This can leave an unexpected vacuum, and if not addressed...

David Morgan

PKF Integrity Partner

Brisbane

Insights

Taming the trail: Risk mitigation in mountain biking and business

As a new convert to mountain biking, it didn’t take me long to realise that riders face an array of obstacles that can send you tumbling down a hill faster than a stock market crash. But what I soon learnt is that the secrets to risk mitigation in mountain biking...

Cameron Bradley

Partner

Brisbane

2023 Water Polo Australia PD Sponsorship

Insights

PKF Proudly Sponsors Water Polo Australia’s Professional Development Scholarship Program

PKF Sydney and Newcastle are thrilled to announce our second consecutive year of supporting the Professional Development (PD) Scholarship program. Water Polo Australia (WPA) is currently accepting applications for this prestigious scholarship, aimed at benefiting current senior squad and National Age Group Program members, as well as senior squad members...

Nicholas Falzon

Director

Sydney

Insights

Being PKF | PKF Port Stephens joins our national network

PKF in New South Wales, Australia has expanded, with the national network recently welcoming the experienced PKF Port Stephens team (previously BR Partners) into the fold. By joining the network, PKF Port Stephens has opened doors to national and international resources and support. Their reach and capabilities have expanded, providing...

Teresa Richardson

Partner

Port Stephens

Insights

Rose & Partners Rebrands as PKF Upper Hunter

Rose & Partners, a distinguished accounting firm in the Scone region, is proud to announce its rebranding as PKF Upper Hunter. This strategic move signifies a powerful partnership with the renowned PKF brand, enhancing the firm’s ability to serve the local community while leveraging the extensive resources of an international...

Paul Heaton

Partner

Upper Hunter

Insights

Proudly supporting the Nelson Bay Touch Football Association

The Nelson Bay Touch Football Association (NBTA) is a pivotal part of the community of Port Stephens. PKF’s partnership with the association is a testament to our unwavering commitment to the local area and the impact we have on community involvement and support. As an advocate for community initiatives, we...

Teresa Richardson

Partner

Port Stephens

Insights

Finance Fundamentals for Decision Makers — Training Session

Ever wondered why 'finance and accounting stuff' is treated like assumed knowledge - especially if you're in business, or a management position, or just curious even; and haven't done a commerce / finance / accounting (or similar) degree? Ever felt a little in the deep end; or maybe had a...

2 contributors

Newcastle

Insights

Self-education expenses — The ATO’s latest target

The Australian Taxation Office (ATO) has just released its latest draft ruling, TR 2023/D1, focused on the intriguing world of deductions for self-education expenses. This ruling takes the stage, replacing the seasoned TR 92/8 and TR 98/9, which have gracefully retired. So, what else have they announced? The ATO has...

Nicholas Falzon

Director

Sydney

Insights

The PKF Hunter Valley Wine Show 2023

We were immensely proud to serve as the naming sponsor of the Hunter Valley Wine Show for 2023. This partnership reaffirms our commitment to supporting local businesses and preserving the rich cultural heritage of the beloved community. It's a testament to our dedication to shining a spotlight on the hard...

Emma Hansen

Marketing and Communications Manager

Sydney, Newcastle

Insights

Proud supporters of the Newcastle Knights

We have a rich history of commitment to the local community. Our association with the Newcastle Knights this season underscores our enduring connection to the heart of Newcastle. It is a genuine partnership built on shared values, passion for the game, and love for the local community. One of the...

Emma Hansen

Marketing and Communications Manager

Sydney, Newcastle

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Insights

ESG — the future of reporting

Reporting on ESG outcomes is an increasing expectation of investors, and a legal requirement for some organisations. It can be difficult to know where to start, so, to assist with your transition to ESG reporting, we have consulted experts in this field to glean insights from their experiences. Top tips...

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Insights

Climate-related financial disclosure

Climate change is recognised internationally as presenting material risks to the global financial system. These risks need to be managed by capital markets, regulators and corporations. They include physical risks of climate change and the transition risks associated with policy, regulatory and technological change brought on by efforts to mitigate...

Eve Drake

Partner

Newcastle

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Insights

Seeking external valuations on land and buildings in 2023

We are progressing through another pivotal reporting period, being 30 June 2023. It’s at this time (or earlier) when directors of companies determine that external valuations may be needed in support of the carrying value of land and buildings recorded in the balance sheet. These could be either owner occupied...

Kaitlynn Brady

Partner

Melbourne

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Insights

Enhanced disclosure requirements for charities

A charity registered with the Australian Charities and Not-for-Profits Commission (ACNC) is required to prepare either general purpose financial statements (GPFS) or special purpose financial statements (SPFS). The reforms that were effective from 1 July 2021 that saw the end of SPFS for many for-profit private sector entities did not...

Kym Reilly

Partner

Sydney

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Insights

ASIC’s financial reporting hit list for 30 June 2023

As we progress through the 30 June 2023 financial reporting season, the Australian Securities and Investments Commission (ASIC) has placed a strong focus on the current economic climate in which entities are operating and how this may affect their business, especially considering factors such as increasing interest rates and rising...

Kevin Nguyen

Auditor

Perth

Insights

Key person risk: Lunch break? Holiday? Ha. Don’t be silly… the business needs me!

Everyone knows the ‘go-to’ individuals that seem to be across everything. Their job description doesn’t go close to capturing what they do in the business; they’re the expert, the superstar and often happy to lend a hand, explain, train and in the heat of a busy moment say, “Don’t worry...

Stacie Shaw

Partner

Newcastle

Insights

Client Update — Tax Time 2023

As another financial year approaches, now is the time to review your tax affairs. General Housekeeping tips Review debtors ledger and physically write off bad debts before year end. Review creditors ledger to ensure all unpaid suppliers’ invoices have been recorded.Review depreciation schedule and write-off any assets no longer held...

3 contributors

Tamworth

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Insights

Lauren Parker — PKF Sydney and Newcastle Ambassador

Only two-years after a life-changing accident, Lauren has gone from being a professional triathlete to winning silver at the Paralympics.

Emma Hansen

Marketing and Communications Manager

Sydney, Newcastle

Insights

What is a protected disclosure?

A protected disclosure is a report about public bodies and/or public officers engaging in 'improper conduct' during their work, or that 'detrimental action' has been taken in reprisal for reporting such conduct. What is required for a disclosure to be protected? The requirements vary across the different private and public...

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Insights

Examining allegations: Conducting a thorough misconduct investigation

When misconduct is identified, a key consideration is whether the investigation should be undertaken by internal resources or an independent, specialist investigator. Key factors in making this determination are: The type of misconduct; i.e., is it something that can be appropriately handled internally, e.g., a breach of policy or procedure...

Whistleblower Adobe Stock 273453316 How to promote impartiality during investigations

Insights

How to promote impartiality in investigations

When an organisation or government agency receive a complaint that requires the involvement of external investigators to address it, several actions unfold. An effective external whistleblower and complaints platform helps staff members to disclose suspected fraud and workplace misconduct. Using an external provider - such as PKF - establishes trust,...

Insights

Succession planning: An empowering journey to peace of mind

For many small business owners, the thought of stepping away from their business can be daunting, particularly after years of hard work building their business from the ground up. However, for those looking to create a long-standing, multi-generational family business, succession planning is a must.

Steve Meyn

Chairman

Australia

Health Adobe Stock 527209943 Pharmacy 60 day dispensing

Insights

Pharmacy: 60-day dispensing – how we can help

Over 6,000 community pharmacies are set to be significantly affected financially, as the proposed changes announced in the 2023-2024 Federal Budget will see an increase in the maximum dispensing quantity for more than 320 PBS-listed medicines from 30 days to 60 days. This change in policy, according to the Pharmacy...

Trent Ruprecht

Principal

Newcastle

Insights

Are you ready for APRA’s CPS230?

In July 2022, the Australian Prudential Regulation Authority (APRA) released a draft cross-industry Prudential Standard CPS 230 ‘Operational Risk Management’. The proposed CPS230 applies to all APRA-regulated entities including the banking, insurance and superannuation industries and becomes effective from 1 July 2025. Key objectives of CPS230 APRA has observed three...

Clarity shutterstock 662881189 lessons learned from SVB collapse

Insights

Know your financial risk: Lessons from the Silcon Valley Bank collapse

What just happened? “The news of a bank collapse always sends shockwaves through the financial world, stirring up concerns and triggering memories of the 2008 Global Financial Crisis. While the collapse of Silicon Valley Bank may seem like an isolated event caused by unique circumstances, it serves as a massive...

Maritsa Hugo

Insights

Consider a new approach to fraud mitigation

The cost-of-living crisis and current economic conditions are presenting unique circumstances for businesses to navigate. Australians have just experienced their tenth straight interest rate rise since May 2022 with the potential for more, the highest inflation for 30 years, and an ongoing rental crisis. These factors have increased the pressure...

Julia Patterson

Principal

Sydney

Whistleblower Adobe Stock 369977292 The benefits of centralising whistleblower

Insights

The benefits of a centralised system for whistleblowing and complaints

Organisations and government agencies must carefully consider factors such as accessibility, 24/7 availability, and data security when selecting an external whistleblower platform. Implementing a user-friendly and intuitive centralised reporting system is an important decision. What are the benefits of an external centralised whistleblower reporting system and how it can mitigate...

Workplace investigations Adobe Stock 601141429 Handling receipts

Insights

Handling receipts of whistleblower complaints: Are you providing staff training?

The way a whistleblowing disclosure is initially handled can have an impact on the outcome of the disclosure and is a critical component of the whistleblower complaint management process. Effective handling of disclosed information can lead to better outcomes, while mishandling of the information can halt progress and influence the...

Insights

How does your organisation manage a mixed complaint?

Mixed complaints can pose challenges for organisations as how to best manage them. A mixed complaint is a complaint that includes information that qualifies for whistleblower protections (such as fraud or corrupt conduct), and information that does not qualify for protections and is workplace behaviour related (such as bullying). A...

Governance and strategy Adobe Stock 602748509 Insider risk

Insights

Insider risk: What are you doing to protect your business IP and data from malicious or disgruntled employees?

In today's digital age, businesses are increasingly reliant on technology and data to run their operations and with that comes the risk of insider threats. Insider risk is the threat that comes from within the organisation, typically from employees or contractors who have access to sensitive data or systems. These...

Integrity Adobe Stock 173990728 Future of whistleblowing

Insights

How to manage mixedcomplaints, and the future of effective whistleblower and complaints management

Multiple types of wrongdoing reported in the one complaint are referred to as a ‘mixed’ complaint. This can sometimes add complexities to complaints that require responses from different parts of the business, such as People and Culture and/or Legal and Risk. The ISO 37002 standard on Whistleblowing management systems (ISO)...

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Insights

Whistleblowing and complaints management in the tourism and hospitality industry

The tourism and hospitality industry is seen as one of the largest industries in the world and is a significant contributor to the Australian economy. However, the tourism and hospitality industry has not been immune from issues such as sexual harassment, bullying, fraud and collusion. In a recent study conducted...

Clarity pexels mikhail nilov 9242837 Modern slavery

Insights

Learnings from the introduction of modern slavery legislation

One year ago, on 1 January 2022, new modern slavery laws came into effect in New South Wales with affected organisations expected to have been compliant for over 12 months. The Modern Slavery Act (2018) requires public sector agencies to implement effective systems, processes and controls to prevent, identify, and...

Insights

The difference between equity and equality

Quite often, the terms ‘equity’ and ‘equality’ are used interchangeably, however there are subtle yet important differences that are useful to understand as we – as individuals and as organisations – seek to attract and retain talented people, and advance as employers of choice. The Cambridge Dictionary defines equity as...

Kym Reilly

Partner

Sydney

Insights

Do you own property in NSW?

At the start of this new land tax year, as assessments are issued, it is important to review your assessment to ensure that you are paying the appropriate amount. How much will I pay? The 2023 year (year ended 31 December 2022) General land tax threshold for NSW is $969,000...

Victoria Dawes

Principal

Newcastle

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Insights

Whistleblowing and grievance complaints – what is the difference?

When employees witness wrongdoing in the workplace, they may consider lodging a complaint. However, there are different types of complaints an employee can lodge. Common but easily confused complaints are whistleblower complaints or personal grievance complaints. What are their differences? Whistleblower complaints A whistleblower complaint is lodged by an employee...

Insights

Garry Mathoda

Sangeetha Ravisankar

Dawn Alexander

Darren Shillington

David Morgan

David Morgan

David Morgan

David Morgan

2 contributors

Sara Crevillen

Steve Meyn

David Morgan

David Morgan

Cameron Bradley

Nicholas Falzon

Teresa Richardson

Paul Heaton

Teresa Richardson

2 contributors

Nicholas Falzon

Emma Hansen

Emma Hansen

Eve Drake

Kaitlynn Brady

Kym Reilly

Kevin Nguyen

Stacie Shaw

3 contributors

Emma Hansen

Steve Meyn

Trent Ruprecht

Maritsa Hugo

Julia Patterson

Kym Reilly

Victoria Dawes

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