The purpose of the appointment is to provide a moratorium period to assess the viability of the business, to evaluate and if possible complete the refinancing proposals the Palandri directors have been pursuing and in the alternative explore all the other restructuring options for the Group.

The...

At the IFSA Industry Agenda 2008 luncheon, the IFSA Board and the who’s who of Australia’s investment and financial services industry agreed that talent management was a top priority in the Australian FS sector, requiring senior leadership support.

For the third year running the investment and financial services industry leaders...

The Voluntary Administrators have taken control of the company’s operations and have commenced a review of the business. In the meantime the Voluntary Administrators are continuing to trade Palandri Finance Ltd’s business as usual. They are also working collaboratively with the management of the broader Palandri Group and the Queensland Public Trustee and their appointed representatives to develop the best options to protect and...

International Securitisation Report conducts an online poll of readers and interviews industry participants and nominees before recognising the best securitisation issuers, arrangers, accounting firms, law firms, rating agencies, trustees, research...

Obstacles ahead for the online ad

Deloitte’s Media Predictions-Trends 2008 highlights that the US$42 billion online advertising industry is likely to see face a...

Bilateral trade currently worth $50 billion between Australia and Japan will be boosted from a new Japan-Australia double tax agreement (DTA) which was signed in Tokyo last Thursday according to Deloitte Tax Partner, Terry Rooney.

“The new Japan-Australia DTA, which could take partial effect from as early as 1 January 2009, will replace the existing tax treaty which was signed in 1969, bringing it up to date with commercial practices and in line with the current OECD model treaty,” Mr Rooney said.

“The withholding tax rules changes reflect the modern approach to low withholdings previously negotiated with...

Deloitte Corporate Finance Partner, Steve Woosnam, said the credit market crisis did not appear to significantly slow IPO activity in 2007 although the current outlook for 2008 is less rosy.

The number of IPOs increased by 41% from 184 in 2006 to 260 in 2007, while the value of funds raised climbed by 29% to $10.4 billion. However overall share price performance was weaker than previous years.

Seven of the ten largest IPOs in 2007 were trading below their...

“The R&D tax concession in its current form is almost 22 years old and although recent amendments have broadened its impact, there is still scope to improve its effectiveness to reflect the challenges currently facing Australia better,” Mr Duchini said.

Mr Duchini said Deloitte has reviewed the R&D tax concession polices of 37 countries and there are...

The draft ruling indicates the Tax Office’s view on companies giving scrip (shares) to acquire assets, including tax consequences arising from the issue of scrip (such as the availability of deductions for losses and outgoings) and the cost of capital assets, trading stock and depreciating assets acquired for scrip.

“People have always been concerned about how to deal with...

The report, which identifies the 250 largest retailers globally for the fiscal year 2006 (encompasses fiscal years ended through June 2007), notes that Woolworths jumped from 29th place to 25th place, while its competitor, Coles Group, remained relatively steady at 31st place (down one place). 

Both Australian retail giants remained in third and fourth places respectively in the Asia-Pacific top ten.

Woolworths had compound annual sales rates for the past...