Melbourne
Melbourne
Propel
your
future
Let’s turn your financial challenges into practical solutions. Reach out to our team for tailored advice
Timothy Bow
Managing Partner
At PKF Melbourne we judge ourselves by the success of our clients. We unlock opportunities to get our clients closer to their ambitions.
Our expertise
Succession and transition
Whether you choose to secure your family's legacy, or exit the business, it's important to be prepared
Services
Propel your community
Investing in the future
We deeply value our role within the Melbourne community, and we are dedicated to embracing the opportunity to provide support to those who are in need.
Insights
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
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
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
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
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 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
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
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
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...
2 contributors
Melbourne
Insights
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
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
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
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
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
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
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
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 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
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 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
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
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
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
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
The Association of Certified Fraud Examiners, a global organisation dedicated to fighting fraud and corruption within organisations has recently released its 2018 Report to the Nations on Occupational Fraud and Abuse. This report, a survey of in excess of 1500 organisations globally affected by fraud, once again points out the...
Insights
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
In March 2024, the Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024 (Cth) was passed. The Act is designed to remove barriers to foreign bribery investigations and prosecutions previously faced by law enforcement and prosecutors. The key changes include: A company will be criminally liable if an associate (an officer,...
Geoff Peck
Partner - PKF Integrity
Melbourne
Clarity Mag
On 9 April 2024 the International Accounting Standards Board (IASB) issued its new standard IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 (AASB 18, when adopted in Australia) will replace IAS 1 (AASB 101) Presentation of Financial Statements. This standard is effective for most for-profit entities for financial...
Simon Fermanis
Partner
Perth
Clarity Mag
The days of desktop versions of software files downloaded and installed on local computers (remember MYOB desktop?) are numbered and providers of software applications such as accounting applications, software security systems, ERPs and a myriad of others are moving to cloud deployments. This presents complexity for the provider of the...
Clarity Mag
Governments, including local governments and other public sector entities, often enter into arrangements with private sector entities, including charities, to operate and fund public services. These arrangements are commonly referred to as public private partnerships (PPPs). A common example is where, where a private sector entity (the operator), constructs and...
Kym Reilly
Partner
Sydney, Newcastle
Clarity Mag
The 4th Edition of the ASX Corporate Governance Principles and Recommendations were issued in 2019. On 27 February 2024, the ASX Corporate Governance Council released its Consultation Draft for the 5th Edition of the Principles and Recommendations. The proposed changes are intended to strengthen listed entities’ governance and increase transparency...
Shaun Lindemann
Partner
Brisbane
Clarity Mag
On 27 March 2024, a Bill was passed in the Australian Government to mark a new era in mandated sustainability reporting for all Australian businesses. Schedule 4 to the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) was introduced into the House of Representatives to establish...
2 contributors
Melbourne
Insights
It’s not every day that one of the Hunter’s largest leading accounting firms celebrates 45 years since inception, making this milestone even greater for the team at PKF Sydney and Newcastle. In celebration of our rich history, February marked the launch of our mini-series ‘Retrospect’, which offers a nostalgic look...
Bob Bell
Managing Director
Sydney, Newcastle
Insights
Our economic climate is changing, and so too is how we must approach the preparation of financial reports for upcoming reporting periods. Changing conditions means that the preparation of financial reports will not simply be a rollover of the estimates used in the preparation of the previous financial report. Many...
Kevin Helmers
Partner
Newcastle, Sydney
Insights
Australia's robust financial system is a cornerstone of economic prosperity, however, is not immune to the pervasive threat of financial crime. With a diverse array of criminal activities such as fraud, money laundering, corruption and cybercrime, it becomes imperative for government agencies, businesses and regulatory bodies to adopt effective risk...
Insights
What does a good data governance report look like? How do you make sure it’s on the board’s agenda? We outline key considerations in the following table. It is not designed to be an exhaustive checklist, rather, it aims to trigger conversations at a senior management and board level in...
Ken Weldin
Partner
Melbourne
Insights
Building on the analysis, we make the following recommendations for organisations in relation to data governance. Provide greater education and training to members of the organisation, including senior leadership, on: Identifying the various data assets of the organisationQuantifying the value of data assets held by the organisationIdentifying the level of...
Insights
This study into the data governance landscape delivered important key findings and conclusions. Governance structure — A clear majority of the surveyed organisational leaders are of the view that data governance forms part of wider ICT governance, relates to privacy and security, and should be part of information and records...
Simon Fermanis
Partner
Perth
Insights
Opinions differ as to the most effective means of data oversight and governance. However, a clear majority believe inclusion in existing audit and risk committee to be the most effective option. For any assistance with addressing the data governance needs of your organisation, do not hesitate to contact your local...
Jasmine Tan
Partner
Adelaide
Insights
The dominant risk identified in relation to data governance is that of cyber security attack (57 per cent). Interestingly, the second most perceived risk relates to human involvement and a lack of staff skill and knowledge (44 per cent). This is reassuring as organisations appreciate that risks relate to both...
Kaitlynn Brady
Partner
Melbourne
Insights
An interesting feature of the survey results is its insight into boards and other organisation leaders' understanding of ‘data governance’. Significantly, there was strong consensus in this area, with 70 per cent agreeing that data governance formed part of ICT governance, with a further 68 per cent agreeing that it...
Scott Tobutt
Partner
Sydney, Newcastle
Insights
In August 2023, the Governance Institute of Australia initiated an online survey on data governance. A total of 345 responses were received over a one-month period.Respondent profile The largest cohorts of respondents (Figure 2) were senior governance or risk management professionals (25%) or CEO or C-suite executives (21%). As such,...
2 Partner
Melbourne
Insights
Designing and implementing procedures to support the responsible and legally compliant dealing with data is one of the greatest challenges currently faced by boards of directors. The aim of this data governance study is to assist boards and senior management with implementing an effective data governance framework. The purpose of...
Liam Murphy
Managing Partner
Brisbane
Insights
We asked the experts some poignant questions on data governance and the findings. What are the benefits of data governance? "The here and now on data governance is know your data and don’t keep it for longer than you should." - Sue Laver, Company Secretary, Telstra "Twenty per cent of...
Ken Weldin
Partner
Melbourne
Insights
The Governance Institute of Australia, working in conjunction with PKF, is delighted to share this year’s key thought leadership project — Data governance in Australia. This report forms the fifth in the Governance Institute’s digital thought leadership series.
2 contributors
Melbourne
Insights
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...
Insights
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...
Insights
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
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
Insights
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...
Insights
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 -...
Insights
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...
Insights
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...
Insights
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
Press Releases
PKF Australia is proud to recognise the appointment of Antoinette Tatarelli as Managing Partner of the PKF Adelaide practice. Antoinette is one of very few female managing partners in our industry and leads a team of over 60 professionals at our Adelaide office. Antoinette has been an integral part of...
Steve Meyn
Chairman
Australia
Insights
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...
Insights
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...
Insights
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...
Insights
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
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...
Insights
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
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...
Updates
This week, PKF was recognised among the Top 10 Accounting Firms in Australia by the Australian Financial Review. While size alone is not important, we hope this recognition fills our clients, our staff, and our community with confidence and assurance, knowing that PKF is committed to delivering the exceptional experiences...
Steve Meyn
Chairman
Australia
Insights
With the ongoing resource restraints in the audit and assurance profession and the fight for talent, we have started to see more organisations consider their options in relation to the delivery of their internal audit function. This may be with a view to providing more stability, reducing key man risk,...
Insights
As we recently passed Auditor Proud Day (29 September) it was time reflect on why I have been auditing for 24 years, and why I still look forward to the challenge that every day brings. This is contrary to the stigma attached to audit, being profession is dull and tedious....
Insights
Effective in Australia and New Zealand, IFRS 9 Financial Instruments has become the mandatory accounting standard for financial instruments. However, the hedge accounting component of IFRS 9 continues to remain optional. Furthermore, entities who conduct hedge accounting may continue reporting under IAS 39. Given this choice, why would entities make...
Contact
Melbourne
PKF Melbourne
Level 15
500 Bourke Street
Melbourne
VIC
3000
Australia
Level 15
500 Bourke Street
Australia
Postal Address
Level 15
500 Bourke Street
Melbourne
VIC
3000
Australia
Level 15
500 Bourke Street
Australia