“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...

“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...

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...

The discussion paper Streamlining Breach Reporting released jointly by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), proposes eliminating the requirement for jointly regulated institutions to provide separate breach reports for the same incident to both regulators.

Tony Brain, Deloitte Superannuation Assurance and Advisory partner, said the joint proposal was...

The awards ceremony, organised by the Investment and Financial Services Industry Association, IFSA, and Deloitte celebrated 13 future industry leaders’ responses to some of the industry’s most challenging public policy issues.

Presenting the awards was keynote speaker and APRA Chairman, Dr John Laker, who described the development and changing regulatory...

Deloitte Corporate Finance Partner, Steve Woosnam, said the new survey found that, while more than half of all IPOs in the September quarter were trading below their issue price, the level of capital raised compared favourably with this time last year, and was only bettered by the June 2007 quarter in the last two calendar years.

In total, 66 IPOs are expected to list by the time the...

The study was commissioned by the Senior Australians Equity Release Association of Lenders (SEQUAL®).

The SEQUAL® Trowbridge Deloitte Reverse Mortgage Study found that the reverse mortgage market at 30 June 2007 consisted of more than 31,500 reverse mortgages loans with total outstanding lending of over $1.8 billion.

Kieren Dell, Executive Director of SEQUAL®, the not-for-profit member organisation governing lenders of reverse mortgages to seniors and providing consumer safeguards,...

“Communication between key stakeholders can be addressed through the use of formalised governance structures which separate the business of the family from the business of the business,” Mr Holland said.

“An outside board of directors or board of advisors can help to optimise company profits whilst maintaining family harmony as they make...

“All sectors of the industry had a chance to input into the inquiry and the subsequent roundtable. So this is a very good outcome,” Graham Mott, Deloitte Securitisation practice leader said.

“Deloitte believes if the data collection is done correctly and flows through to...

The conclusion of an independent review of the 26 public submissions to the Committee undertaken by Deloitte is that this confusion is caused by misunderstanding a complex and increasingly sophisticated lending industry.

“Whilst reviewing the submissions it became increasingly clear to us that there was something of a blame game going on,” said...