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Deloitte Leader in People & Performance 09 April 2006 Alec Bashinsky, National Partner People and Performance for professional services firm Deloitte has been awarded Human Resources Leader of the Year at the 2006 Human Capital Leadership Awards.

The JML Australia Human Capital Leadership Awards are considered the ‘Oscars’ of the Human Capital industry and seek to find and recognise Australia’s outstanding leadership professionals.

Alec said the achievement as the Human Resources Leader of the Year was the result of a team effort.

"I am extremely proud of my People and Performance...

Business Cost Calculator to improve tax rules 07 April 2006 Formalising the way public servants consider compliance costs when developing policy is a welcome outcome from the Government’s response to the red tape taskforce today.

"The Business Cost Calculator responds to legitimate concerns by business that the cost of complying with new regulations is largely ignored and often not considered at all," Mr Timmers said.

"The Treasury has been particularly noted for lagging behind in considering compliance in relation to tax law changes."

"Successful tax policy should not only addresses the...

Boost to 500,000 small businesses 07 April 2006 The Government’s response to the red tape taskforce will provide a boost to more than half a million small and micro businesses according Deloitte Growth Solutions Partner, Tim Gullifer.

"Effective from 1 July this year the upfront cost to register a company will be cut in half, from $800 to $400," Mr Gullifer said.

"Over four years this measure will provide a modest cost saving to approximately 540,000 small and micro businesses, at a total cost to Government of $216 million."

"The vast majority of new and emerging Australian...

FBT compliance costs to be reduced – or are they? 07 April 2006 The Government’s initial response to the red tape taskforce does not immediately reduce FBT compliance costs for business according Deloitte Employment Taxes Partner, Karen Stein.

"While increasing thresholds will certainly reduce the amount of FBT payable, it is unlikely to reduce the compliance cost for employers," Ms Stein said.

"A considerable amount of time is spent by employers in working out whether benefits, which are minor in value and infrequently and irregularly provided, are exempt from FBT in accordance with the related legislative...

Wealth with wisdom – recognising experience 05 April 2006 When 76 year old Australian Fred Loew wants to heat up his dinner in his microwave, he hits the ‘cook potato’ preset button. And in the U.S, 80-year-old Martha Smith boils a cup of water by turning the dial to the popcorn setting and hitting start. Martha has to do this three times to make a cup of tea.

In fact, both Fred and Martha are masters of various microwave recipes all measured in terms of potatoes and popcorn.

Wealth management partner at Deloitte, Sarah Woodhouse explains, "In Australian and in the US, 70-80 year olds are part of the fastest growing...

Australian banks poised to grow in Asia Pac as retail customers power growth 05 April 2006 Retail banking customers are driving a new surge in investment and growth in Asia, says global professional services firm Deloitte, after releasing research that highlights a burgeoning financial services sector, with bank deposits from more than 400 million bankable households in Asia Pacific (including India) now reaching US$8 trillion.

Australia’s financial services co-leader Gerry Schipper says, "The sector is on the cusp of its next stage of development and Australia needs to be on the front foot to take advantage of the opportunities in the region.

"This...

IPO activity set to increase after slow start to 2006 27 March 2006 IPO activity dropped sharply in the three months to the end of March 2006, according to the latest quarterly IPO Report by Deloitte Corporate Finance.

The report says 22 IPOs with a combined capital raising of $165 million were expected to list in the March quarter by the time it draws to a close this week.

This compares to 31 IPOs that raised $1.64 billion in the March 2005 quarter, which was boosted by the $1 billion float of Babcock and Brown Capital.

Deloitte Corporate Finance Partner, Mr Steve Woosnam, said the first quarter of...

Time is running out to influence Anti-Money-Laundering Legislation 23 March 2006 Time is fast running out for impacted organisations to make submissions on the Federal Government’s proposed Anti-Money-Laundering (AML) Draft Legislation.

Leading AML adviser and Deloitte Forensic Partner, Chris Cass said organisations would need to move quickly to assess the day-to-day operational and business risks generated by the Draft Bill.

"This is the last chance for impacted organisations to directly lobby the government for changes to the form and content of the proposed legislation," Mr Cass stressed.

Formal submissions...

Deloitte ranked Number 1 non-investment banking firm for global corporate reorganisation services 06 March 2006 Deloitte has been named the Number 1 firm globally for its corporate reorganisation services in The Deal’s fourth-quarter 2005 bankruptcy league table. The Deal is a leading US corporate finance publication and is available at www.thedeal.com.

Globally, Deloitte was involved in 236 bankruptcy cases as of 31 December, 2005, the highest number of any non-investment banking firm.

Of the 236 cases Deloitte was involved in, 48% were active assignments in Australia, followed by the UK (21%), the US (14%), Ireland (8%), Canada (7%) and South Korea (2%).

Deloitte’s Corporate...

Deloitte and Corporate Tax Consulting merge to create specialist mining and oil and gas tax team 06 March 2006 The Perth office of Deloitte has bolstered its resources expertise today announcing a merger with Corporate Tax Consulting, a boutique resources-focused tax practice in Perth, and the appointment of two new partners.

Headed by former Ernst and Young Partner Ian Crisp and former PricewaterhouseCooper’s tax advisor, Fiona Cahill, Corporate Tax Consulting has built a significant business focused on providing tax advice to the resources sector.

Founded in February 2004 by Mr Crisp, Corporate Tax Consulting has grown from 20 clients to more than 200 including servicing...

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