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On 14 August 2006, the New South Wales Minister for Fair Trading, Diane Beamer, announced, by media release, the likely changes to be made to the NSW Retirement Villages Act (the Act).

The budgeting process is the time for NFPs to deal with any potential financial problems before they happen.

If an international airline that is a member of the International Air Transport Association (“IATA”) goes into insolvent external administration under the Australian Corporations Act 2001

Retention of title or 'Romalpa' clauses are standard fare in material supply contracts and arrangements. Recent changes in insolvency laws make them less reliable and as a consequence, terms of trade and credit arrangements are likely to toughen.

You could be forgiven for thinking that the Eurozone (EZ) sovereign debt crisis was over.

Action by the ATO against two affiliates of Texas Pacific Group.

On 8 August 2006, a New South Wales court found that an administrator could not use his casting vote to pass resolutions for the approval of his own fees, being resolutions from which he stood to financially benefit.

An Australian accounting business wanted to generate more opportunities and smooth out its monthly revenue. Here is their analysis and the actions they’ll take, which could be of value to many firms.

The article discusses why due diligence is such an integral part of a good succession plan and how to go about it.

Whether they are defendants or plaintiffs in securities class actions, companies must consider a range of matters. Although we are only a quarter of the way into the year, it already seems that 2006 will be a jubilee year for class actions, particularly in the field of what are commonly termed "securities class actions".

The GST consequences of the investment in, and operation of, retirement villages can often be complex and varied. It is essential that the GST implications of such investment or operation be considered prior to entering into any contractual arrangements to avoid any unexpected costs which may arise, not only upon the first sale/leasing of units/village, but upon subsequent dealings in the investment.

The Corporate Law Economic Reform Program ( Audit Reform and Corporate Disclosure) Bill 2003 was introduced into Parliament on December 4, 2003. The Bill is the culmination of several years’ work. The Bill deals with various aspects of corporate governance, the most notable being the introduction of provisions relating to auditor independence.

The recent changes lifting the threshold for financial reporting for proprietary companies have highlighted the fact that many smaller unlisted public companies, whose reporting obligations have not changed, are subject to similar financial reporting and auditing obligations as large listed public companies under the Corporations Act.

In this article, Julia Patterson summarises how fraudsters are often caught by forensic accountants and investigators.

Getting the technology right is one thing, but legal traps can still snare the unwary.

Persons involved in a contravention of a civil remedy provision of the Act can be held liable as an accessory.

From 1 July 2016, a limited licence will replace the accountants' exemption as a more restricted alternative to an AFSL.