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...

“The immediate financial crisis is clouding what needs to be done now to address the industry and likely economic impact in the longer term,” Deloitte EI Taskforce leader, Stephen Harvey said.

Mr Harvey is a Director of the Australian Racing Board and a Director of Thoroughbred Racing SA Limited [TRSA] and its predecessor, including the last six years as...

The study, developed in cooperation with the Economist Intelligence Unit (EIU), discovered that a new breed of talent is needed to propel the finance function beyond traditional roles within a company and to a new level of strategic leadership.

"The responsibilities of CFOs are growing as the focus of Finance shifts from traditional accounting and reporting to more strategy and leadership, and the need...

CEO of Deloitte Digital Peter Williams said the XBRL based solutions now in development will deliver huge cost savings for business, regulators and government by eliminating the repetition when reporting the same information more than once.

“It’s a big pilot but we need scale to convince our stakeholders that this is a worthwhile investment,” Mr Williams said.

“We needed to almost get in ‘harms way’ by testing just how far...

“Putting to one side the question of whether the NSW government will choose to accept Professor Owens’ recommendation, if considered from a Queensland economic and commercial perspective, the sale of NSW generation assets could have a number of significant impacts, said Mr Thomson.

“The recent Queensland Government’s decision to divest the retail arms of Energex...

“The financial services sector has been under unprecedented structural, regulatory and market-driven change over the past few years and it’s quite feasible that while keeping up with this change, the opportunities to leverage the tax advantage have been overlooked,” Mr Ward said.

“Tax can be difficult to manage and categorise.

"A mix of routine compliance and ad hoc transactions...

The taskforce will comprise 10 Deloitte partners across several service lines, as well as key former and current industry consultants which will advise organisations and business owners on how to best manage the crisis in the short and longer term.

“For the industry, organisations and business owners, there will be immediate financial crisis issues to manage, such as...