View the media release archives for the last two years. Most recent media releases are listed at the top of the page.
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| Award-winning Australian identity protection & authentication Emue Card debuts in Paris |
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15 November 2007 |
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Paris, France – 14 November 2007: Australian based company Emue Technologies officially launched a world-first 12-button keypad to enable secure remote banking and enhanced point-of-sale at the world’s largest card manufacturing trade show Cartes & Identification in Paris today.
Known as the Emue Card, the breakthrough design features a 12-button keypad and embedded alphanumeric display and microprocessor, integrated into a standard ISO compliant payment card.
Brendan McKeegan, CEO of Emue Technologies said the device allows unparalleled authentication, transaction integrity and identity... |
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| Insurance industry profitability remains sound despite competition |
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08 November 2007 |
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The JP Morgan Deloitte 2007 General Insurance Industry Survey released today highlighted that profitability in the general insurance industry remains sound despite the increase in the combined ratio to 94% from 91% in 2006. This year the JP Morgan Deloitte General Insurance Industry Survey asked survey respondents to nominate and rank the five most important issues impacting their business. Two issues were raised with equal frequency, the lack of skilled staff and the highly competitive environment. For the full media release please view the attachment below. Related link
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| Australian Mortgage sector still showing strong growth in face of considerable change |
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02 November 2007 |
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Deloitte’s third annual Australian mortgage report – Navigating the Rapids - notes the Australian residential mortgage sector continues to experience solid lending growth, with settlements growing 9% p.a. This is in a year where global credit markets caused considerable impact on the cost and availability of funds around the world. Deloitte financial services partner James Hickey, who co-ordinated the contributions to the report, said that growth in Australia’s mortgage market is reasonably solid. “Given the context of the global issues this year’s rolling growth figure of 9% p.a. shows considerable resilience. “Indeed, in... |
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| Aboriginal art collection a rare show at Deloitte |
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29 October 2007 |
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The launch today of “Selections from the Austcorp Group Limited Collection of Aboriginal Art” has transformed Deloitte’s corporate environment by changing the ambience through its materiality, colour and beauty. This exhibition has been generously loaned from the collection of Austcorp Group Limited which was established in 2003 by Austcorp Executive Chairman Trevor Chappell. The exhibition has been curated by Barbara Flynn, who is an adviser to the collection. Tim Klingender, Director of Aboriginal Art, Sotheby’s Australia will open the exhibition at 6pm today at Deloitte’s Sydney office in Grosvenor Place. The... |
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| New merger Deloitte expands data analytics practice |
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29 October 2007 |
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Professional services firm Deloitte today announced an expansion of its Data Analytics group through a merger with the highly regarded boutique firm Analytic Insight. The team of eight, comprising senior analytic consultants in Sydney and Melbourne, will join an existing national practice of 70 at Deloitte. Deloitte CEO Giam Swiegers said data analytics was considered by today’s leading organisations as the ‘last frontier’ in managing information overload and achieving strategic growth. “The use of data analytics or predictive analytics allows organisations to efficiently extract, clean and standardise data from multiple... |
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| Asset consultants look to asset based fees |
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25 October 2007 |
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In order to help manage increasing competition from shrinking margins and talent shortages, new research by professional services firm Deloitte shows asset consultants are charging fees based on the assets under management, rather than fees based on time and materials, or fixed retainers. The Deloitte survey found traditional asset consultants are progressively moving their clients from fixed fee retainers to a model where the fee depends partly (or wholly) on the assets under advice. Deloitte partner Wayne Walker said that the pace of change varies from firm to firm with some asset consultants taking the opportunity to... |
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| SA Index underperforms against S&P/ASX 200 |
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23 October 2007 |
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South Australian ASX listed companies underperformed against the S&P/ASX 200 benchmark for the three months to 30 September 2007 according to the latest Deloitte SA Index released today. The SA Monthly Index compiled by Deloitte is based upon publicly available information provided by the ASX and utilises the market capitalisation weighted share price performance of each South Australian listed company. Deloitte Corporate Finance Partner, David Hill said the Deloitte SA Index decreased by 11.3% in the three months to 30 September 2007, compared to the S&P/ASX 200, which increased by 4.7% over the same three month... |
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| Christmas parties - three times the fun this year |
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17 October 2007 |
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With Christmas just around the corner, employers should consider the tax effectiveness of their corporate entertainment and enjoy the increase of the minor fringe benefits threshold from $100 to $300 according to Deloitte Global Employer Services Partner Frank Klasic. “With changes in the last year, employers can now spend up to $300 per employee which could result in more entertainment being exempt from fringe benefits tax (FBT),” Mr Klasic said. “It is important that you recognise the FBT implications of any corporate entertainment because if you do your homework and plan appropriately then you can avoid unforseen cost... |
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| M&A industry in holding pattern |
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16 October 2007 |
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A proposed change to the consolidation regime announced on Friday that impacts how assets in mergers and acquisitions scrip transactions are valued for tax, may put the M&A industry on hold said Deloitte Tax Partner Anthony Cipriano. “With this uncertainty, the industry does not know how to value the assets of a company and consequently how to model M&A transactions,” Mr Cipriano said. “The Minister’s clarification announced today has at least cleared the way for transactions announced prior to 13 October 2007 to not be adversely impacted by this proposed change. “Going forward, without knowing how the tax... |
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| Cumulative oversupply puts pressure on wine industry profits |
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11 October 2007 |
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The cumulative oversupply of wine from the 2004 to 2006 vintages and a relatively strong Australian Dollar placed pressure on the profits of smaller wineries in the 2006 financial year, according to the 2007 Annual Financial Wine Benchmarking Survey, released today by Deloitte and the Winemakers’ Federation of Australia. The study examines the financial performance of wineries located across Australia for the 2006 financial year, and provides the wine industry with data upon which to benchmark results. Deloitte Partner and leader of the Deloitte Wine Industry Group, Mr Stephen Harvey said wineries with revenues greater... |
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