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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| Deloitte expands team with key partner appointments |
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21 June 2004 |
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Deloitte today announced the appointment of five new partners to its burgeoning Queensland office. Deloitte Managing Partner Mr David Quinlin said he was delighted to... |
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| Deloitte appoints new Managing Partner |
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21 June 2004 |
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Leading professional services firm Deloitte today announced the appointment of Tim Biggs as its new Managing Partner for its growing Queensland office. |
| International tax changes a bonus for investment, says Deloitte |
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18 June 2004 |
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A new package of international tax measures passed by the Senate today will help to turn the tide against the complexity of Australia’s international tax rules, according to the Big Four professional services firm Deloitte. Deloitte says the measures will help to attract more multinational investment. Deloitte International Tax Partner Joe Niven said the new rules would largely repeal a maze of provisions dealing with the taxation of foreign dividends. Currently such dividends are either exempt, partially exempt or assessable. The changes mean that from 1 July 2004 most foreign dividends paid to... |
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| Tax Office flags CGT assault on property, shares |
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17 June 2004 |
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Investors who have reaped the benefits of rising property and equity prices in the past year face heavy targeting by the Australian Taxation Office for capital gains tax compliance, according to Deloitte. Deloitte says the ATO is laying down the law to investors in a recent bulletin* outlining the focus of its tax compliance program. Deloitte Partner Sarah Lane said the ATO had beefed up its ability to identify capital gains risks, especially in the area of residential property and share transactions. “Property investors can face plenty of Tax Office surveillance on realised capital gains. The ATO openly admits... |
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| Australia's wine industry under pressure |
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15 June 2004 |
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A difficult and changing business environment is squeezing the profitability of Australia’s wine industry, according to the 2003 Annual Financial Benchmarking Survey released by Deloitte and the Winemakers’ Federation of Australia. “This study examines the financial performance of wineries located across Australia for the 2003 financial year, and provides the wine industry with real data upon which to benchmark results,” said Mr Stephen Harvey, Leader of the Deloitte Wine Industry Group. “Fierce competition, the excess supply of bulk red wine and greater consolidation... |
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| Provisional Liquidator appointed to Ran Holdings International Pty Ltd and Radisson Maine Property Group |
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11 June 2004 |
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On 11 June 2004 the Supreme Court of New South Wales appointed David Lombe, a Partner of Deloitte, Provisional Liquidator of the following companies: Ran Holdings International Pty Ltd
(ACN 102 960 896) Radisson Maine Property Group (Australia) Pty Limited
(ACN 102 966 478) The companies are continuing to trade in a limited capacity at this time. The Provisional Liquidator is currently preparing a report to the Court on the financial position of these companies. It is expected that this report will be provided to the Court in the next two... |
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| Record year for IPO activity but momentum is waning |
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08 June 2004 |
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The 2003-04 financial year will set new records for IPO activity, according to Deloitte Corporate Finance’s quarterly review of Initial Public Offerings. Preliminary report results, released today, show that 153 floats are set to raise a total of $10.8 billion by the time the year draws to a close at the end of this month. The number of IPOs is set to increase by 178% to 153 in 2003-04, while the amount of new equity raised will jump by 155% to $10.8 billion. This is double the value of IPO funds raised at the height of the dot com boom in 1999-2000 when 154 IPOs were launched on to the stock... |
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| Deloitte launches radical book series for the mid market |
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25 May 2004 |
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When Deloitte Growth Solutions partner Mr Walter Dinale expels a leading Harvard professor from the launch of "It’s down to business…………. with the reality of growth" Guides in Sydney this morning, he will be demonstrating the firm’s radical approach to helping Australia’s fast growing companies grow even faster. Execute the strategic plan or get the boot which will be launched this morning, is the first of 10 guides tailored to the specific needs and demands of growing companies in... |
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| Deloitte warns Hospitality industry to plan for anti-smoking law |
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13 May 2004 |
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Deloitte has warned Western Australian pubs, clubs, and casino operators to thoroughly prepare for the introduction of tougher anti-smoking laws. Experience on the east coast shows that the introduction of anti-smoking laws will have a significant short term effect on cash flows generated by these venues. Deloitte’s warning follows State Government foreshadowing legislation to extend existing restrictions on smoking is likely to be introduced within the next month, with the objective of a complete smoking ban in enclosed public spaces... |
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| A few tax breaks for expats – but not enough |
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12 May 2004 |
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Relocating employees will get some minor additional tax breaks under changes proposed in the Federal Budget, according to Deloitte. The proposed changes include an exemption from Fringe Benefits Tax (“FBT”) for benefits associated with the engagement of a relocation consultant in addition to the broadening of the scope of the exemption available for the costs of purchase of a home in the new location. Further, there is some relief proposed for Australian resident employees working temporarily overseas with the Government simplifying the tests regarding qualification for the foreign earnings exemption for... |
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