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| Don’t get caught in the Olympics’ FBT smog |
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06 August 2008 |
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6 August 2008: Employers that are entertaining staff and clients at events to celebrate the Beijing Olympics should ensure that they also consider the fringe benefits tax (FBT) implications, according to professional services firm, Deloitte. Elizma Bolt, employment tax partner at Deloitte, said this applies both to employers with staff members attending the games in China, as well as those hosting events in Australia. “Employers need to understand what to review to ensure that they capture all relevant costs and don’t overpay FBT,” Ms Bolt said. The methodology used by an employer to value meal entertainment throughout the... |
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| Understanding climate change: the clock is ticking |
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04 August 2008 |
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Adaptation and action the key to survival in this new world Monday 4 August 2008: In a comprehensive review of the Australian Government’s Green Paper on the Carbon Pollution Reduction Scheme, professional services firm Deloitte has told its clients that the impact of doing business in a ‘brave new carbon-constrained world’ will be far-reaching, with organisations that are able to adapt and act more likely to prosper. “The Carbon Pollution Reduction Scheme will fundamentally change the economic environment,” said Deloitte Australia’s Chairman Wayne Goss. “However many Australian businesses are still at the early... |
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| Energy & resources sector: global security report by Deloitte throws up some surprises |
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01 August 2008 |
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“Deloitte’s 2008 survey of information security practices across the energy and resources (E&R) sector globally provides key pointers for organisations seeking to ensure their information security does not constitute a source of either strategic or operational weakness, said Deloitte Global head of Security & Privacy Services, Adel Melek, in Sydney last week. Two-thirds (67%) of the E&R organisations surveyed cited human error as the most significant root cause of security failure, ahead of either technology or operations. Yet almost one third (29%) of those surveyed did not provide employees with any training on information security... |
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| Battle for members in Australia’s trillion dollar superannuation industry |
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31 July 2008 |
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31 July 2008: Australia’s superannuation industry is a multi-billion dollar battlefield according to Deloitte’s Actuaries and Consultants latest analysis of the industry. Deloitte partner Wayne Walker said, “The competition is already intense, and battle is being waged in the face of an industry changing shape under the combined impacts of the choice of fund legislation, the 2006 Federal Budget changes, and an aging population that is living longer.” Many argue that fund choice has been a non event, but Deloitte’s actuarial modelling debunks this as a myth. Actual fund switches, reported at levels of 3%-5%, involve billions of... |
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| Resibuildco buys Beechwood Homes |
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29 July 2008 |
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Tuesday 29 July 2008: The Receivers and Managers of Beechwood Homes, Chris Campbell and David Lombe from the Deloitte Corporate Reorganisation Group, have signed an agreement to sell Beechwood Homes as a going concern to Resibuildco Pty Ltd for an undisclosed amount. “Achieving a successful sale of the business as a going concern is the best possible outcome for homeowners, suppliers, tradespeople and employees, so we are pleased with this result,” says Mr Campbell. The purchase also includes the ownership of the intellectual property of Beechwood Homes. “The sale will allow for the value of the security deposits paid by... |
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| Deloitte launches Dealer Management System consulting service |
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28 July 2008 |
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July 28, 2008: Deloitte Motor Industry Services has launched a Dealer Management System (DMS) service designed to help motor dealers and manufacturers optimise their investment in information technology. Wayne Pearson, Managing Director of Deloitte Motor Industry Services said, “Many of our clients are concerned that they don’t get the best out of their internal computer systems. This is not the DMS suppliers’ fault as most of the issues relate to the integration of the DMS with best practice systems and operational processes. The DMS suppliers and the dealerships often don’t have the expertise in-house to improve the situation as it... |
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| New CEO Survey Highlights Restructuring in Auto Industry |
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28 July 2008 |
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28 July 2008; Results from the latest Australian Industry Group-Deloitte National CEO survey highlight an ongoing restructuring of the auto components industry as it responds to the impacts of globalisation in the world’s automotive industry and other factors including the high dollar, rising costs and climate change related issues. These pressures have led to auto parts makers increasing efforts to search for overseas markets and greater integration in the global supply chain, particularly through closer liaison with customers and suppliers. There has also been a greater focus on operational improvement, particularly through a strong... |
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| Deloitte achieves 6th year of double-digit revenue growth |
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25 July 2008 |
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New York, Tuesday, 22 July, 2008– Deloitte Touche Tohmatsu (“Deloitte”) today announced that fiscal year 2008 aggregate member firm revenue increased by 18.6 percent in U.S. dollars, and 13.0 percent in local currencies, to US$27.4 billion. This marks Deloitte’s sixth consecutive year of U.S. dollar double-digit revenue growth from continuing operations. Every service line and every geographic region delivered strong growth. Deloitte aggregate revenues were US$23.1 billion in FY2007. The Australian firm also announced its revenues of A$772 million for fiscal year 2008, an increase of 25%. “Our strong growth was driven by rising... |
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| Receivers and Managers appointed to First Capital Securities Ltd |
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23 July 2008 |
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BRISBANE – Deloitte Brisbane partners John Greig and Nicholas Harwood have been appointed Receivers and Managers of the unlisted First Capital Securities Limited. Mr Greig stated that his appointment was made by the Public Trustee of Queensland late Monday afternoon after confirmation that continuing financial support from First Capital’s Singaporean parent, Rockstead Capital Pte Ltd had been withdrawn. He stated that, given that the company was no longer in a position to continue to run out its existing loan book, the Public Trustee was left with no alternative other than to appoint Receivers and Managers in order to protect the... |
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| Property industry fighting back in talent war |
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22 July 2008 |
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22 July 2008: A joint research report released today by professional services firm Deloitte and the Property Council of Australia, indicates the property industry is fighting back in the talent war. More than half (60%) of the CEOs interviewed said that the skills shortage issue has become a regular feature on Board meeting agendas, reinforcing the importance of the strategic view to talent. The Property Council’s CEO, Peter Verwer, said that it was encouraging that talent management has become a key business priority for Australia’s property industry. “While far from being fully prepared for the battle that lies ahead, the... |
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