Insights

Data governance — a decision making approach

Over the past year, PKF, working with the Governance Institute of Australia, Macquarie University’s DataX Research Centre, and other expert organisations, has supported an important research study to assess the data governance landscape in Australia. The findings are unexpected and motivating.Survey participants and process In August 2023, the Governance Institute...

Ken Weldin

Partner

Melbourne

Updates

PKF Melbourne is moving

PKF Melbourne will operate from Level 15, 500 Bourke Street, Melbourne from Monday 11th December 2023. PKF Melbourne is embarking on an exciting new chapter, marked by our upcoming move to a fresh and vibrant location in the Melbourne CBD.From Thursday, 7th December, we will be transitioning to our new...

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

Unpacking the new consolidated entity disclosures

As a result of the introduction of the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023, from 30 June 2024 onwards, Australian public companies who prepare a consolidated financial report (except those companies that report to the ACNC) must include a new consolidated...

Ken Weldin

Partner

Melbourne

Insights

Australia’s new era of corporate transparency: mandatory climate reporting begins on 1 January 2025

It’s official, Australia’s mandatory climate disclosure regime will take effect from 1 January 2025, following the passing of the Government’s legislation through Federal Parliament. On 22 August 2024, the Senate passed the mandatory climate reporting bill, which was subsequently passed by the House of Representatives on 9 September 2024. This...

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2 contributors

Melbourne

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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

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, Newcastle

Insights

Are you prepared for cyber attack?

The final months of 2022 reminded us all of the importance of how quickly things can go wrong in the event of a cyber security issue. Recently, a number of high profile data breaches have had serious impacts for individuals affected, as well as longer term reputational and financial consequences...

Ken Weldin

Partner

Melbourne

Insights

Risky business

In September, the Governance Institute of Australia held its 2022 National Conference, for many marking a return to face-to-face events in Melbourne after you know what. The theme for the conference was ‘Modern Philosophies’ and explored risk management, ESG, societal leadership, the regulatory environment, innovation, inclusiveness and equality, as well...

Ken Weldin

Partner

Melbourne

Insights

How well are your assets protected?

An extremely common conversation with a business owner will commence with “I have been looking into something different… should I set up a new company so that if it does not work out all my existing assets are protected?” The short answer is almost invariably yes, but the conversation that...

Chris Camenzuli

Director

Melbourne

Insights

Crypto: Have you considered the tax consequences?

Over recent months crypto has become more and more talked about; whether it’s Elon Musk tweeting and causing the price of Bitcoin to spike or crash by 25% (1), Mark Cuban accepting crypto for tickets to Dallas Mavericks games (1), or Tom Brady wanting to be paid part of his...

Shane Mays

Partner

Melbourne

Insights

5 tips when selling your business

In brief: Sound financial records will improve a vendor’s negotiating position. They will simplify the due diligence process and reduce uncertainty for the buyerDocument systems and processes to create a walk-in-walk out opportunity for the buyerPlan your exit and understand what you need from a potential sale before any negotiation...

Matthew Muscat

Senior Manager

Melbourne

Insights

Risk and crisis planning in the current storm

Offering valuable insights into the risk landscape, the survey has revealed that almost 40 per cent of businesses are not regularly. testing their risk and crisis plans — leaving them exposed and under-prepared for major crisis. The survey was conducted just as the enormity of COVID-19 was becoming apparent, but...

Ken Weldin

Partner

Melbourne

Insights

Superannuation: How to stay informed today to be prepared for retirement

Superannuation affects every single one of us. It sways government policy, it influences voters, it creates a comfortable retirement for many, it also currently helps many out of a hole with cash flow concerns, and it’s not going anywhere. It’s here to stay. The stats are mindboggling. Over $2.73 trillion...

Alex Kelsey

Financial Adviser

Melbourne

Insights

Recent downturn may reignite use of share-based payments

Share-Based Payments in the Current Environment The events of the last three months and the impact that COVID-19 has had on the economy, the share market and broader business sentiment – not to mention the uncertain shadow it has helped cast over future business cash flows – could lead to...

Steven Perri

Partner

Melbourne

Insights

The impact of share-based payments on financial performance and valuation considerations

The issue of equity in lieu of cash payments for services, as part of bonus remuneration structures or as part of satisfying all or part of the purchase consideration of an acquisition is becoming more and more common with private and public companies. As small private companies are not required...

Stefan Galbo

Partner

Melbourne

Case Studies

QMS Media: PKF’s Corporate Finance team’s Cross-Border Transactions delivers due diligence advice to leading media company

When leading digital outdoor media company, QMS Media, required transaction and taxation assistance they turned to our PKF Corporate Finance team to deliver clear and authoritative advice. QMS specialises in delivering clients and agency partners engaging, impactful and innovative advertising solutions across its premium digital outdoor and sports media network....

2 contributors

Melbourne

Insights

Interrogating integrity

Governance, culture and ethics have never been more relevant across Australian business. We have seen a growing lack of trust in institutions, in traditional structures and even in some cases in people’s success. Noting that the full title of the Hayne Royal Commission featured the word ‘misconduct’, ethical business practices...

Ken Weldin

Partner

Melbourne

Insights

Insight from the Audit and Assurance Leadership Group

My fellow Audit and Assurance (A&A) Partners and I, representing the PKF Australia firms and a growing contingent of our New Zealand colleagues, have for some years worked together as the A&A Leadership Group. Our purpose has evolved over time, but throughout we have been conscious of our obligation to...

Case Studies

JBS Hospitality & Events Group: Serving up the foundations of accounting advice for growth

When JBS Hospitality & Events Group began as a startup business 11 years ago, they were lacking business advice and accounting systems. JBS Hospitality & Events Group Director, Bree Sherren explained they needed help setting up the company structure, even the vital basics – like payroll and bookkeeping. JBS Hospitality...

Shane Jacobson

Partner

Melbourne

Insights

Are you ready for GDPR?

The General Data Protection Regulation (GDPR) law will be enforced from 25 May 2018. Failure to comply with any of the GDPR requirements may result in significant financial loss, disruption or reputational damage to an organisation. What’s the big deal? If you think data protection and data breaches only affect...

Ken Weldin

Partner

Melbourne

Insights

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