Individuals with an adjusted taxable income in excess of $250,000 should consider obtaining an independent assessment of their business activities as soon as possible in light of the Government’s recently released exposure draft legislation to tighten the non commercial losses rules, according to Deloitte.

The definition of adjusted taxable income is broad and will capture individuals who would not ordinarily consider themselves to be high income earners,...

The Joint Liquidators of Kleenmaid, Richard Hughes, John Greig and David Lombe have completed the sale of both the EDIS spare parts and Kleenmaid Customer Solutions (KCS) service and maintenance businesses for an undisclosed amount.

Deloitte Partner Richard Hughes said: “These transactions have helped to secure the jobs of 16 EDIS employees who are responsible for ensuring spare parts are available for the half a million Kleenmaid...

The May Deloitte Queensland Stock Exchange Index released today shows that companies listed in Queensland have performed in positive territory for the third month in a row, broadly in line with the increase in the ASX All Ordinaries Index.

According to Deloitte Brisbane Corporate Finance Partner, Robin Polson, the total capitalisation of Qld listed companies increased by $1.8 billion or 4.1% in May. The ASX All Ordinaries increased by 1.8% over the same...

Despite a turbulent and uncertain market, professional services firm Deloitte today announced that its revenue for the year ended 31 May 2009 grew 11% to AU$854 million. The growth was reflected in the appointment of 38 new partners during the year and 500 new graduates who joined the firm in March.

Announcing the results, Deloitte CEO Giam Swiegers said: “Agility, innovation and being responsive to changing market conditions helped drive this growth....

Torkar Pty Ltd (Administrators Appointed)
(Receivers and Manager Appointed)
(Formerly Razak Corporation Pty Ltd)

Following the appointment of a voluntary administrator yesterday, Deloitte partners Simon Wallace-Smith and Tim Norman have been appointed as Receivers and Managers to the above company that operates seven supported residential services facilities throughout Victoria.

The...

Shamrock Nursing Home Pty Ltd
(Administrators Appointed)
(Receivers and Manager Appointed)

Following the appointment of a voluntary administrator yesterday, Deloitte partners Simon Wallace-Smith and Tim Norman have been appointed as Receivers and Managers to Victorian nursing home operator, Shamrock Nursing Home Pty Ltd.

The appointment includes the management of three...

IPRO Tech, a leader in the design of scalable, easy to manage litigation support software as well as e-Discovery software, honoured Deloitte Australia at its two-day eighth Annual Partner Conference, IPRO Innovations 2009. Deloitte Forensic, based in Australia, received recognition for International Market Leadership and Innovation.

The conference, held at the Pointe Hilton Squaw Peak in Phoenix, Arizona featured more than 20 specialized workshops and seminars...

The Voluntary Administrators of Babcock & Brown Limited (BBL), David Lombe and Simon Cathro, have today released a statement that may allow certain shareholders to access capital losses in the tax year to 30 June 2009.

The statement applies to capital losses incurred by shareholders of BBL, not to noteholders or creditors.

Mr Lombe confirmed that the Voluntary Administrators have made substantial progress in their...

The global web community has voted www.australia.com the Best Tourism website of the year in the Webby People’s Voice Awards. The site was built for Tourism Australia by professional services firm Deloitte’s online practice. The winners will receive their Awards at the Webby Gala taking place in New York City on Monday 8 June.

Deloitte Partner Jenny Wilson who led the Australia.com...

Deloitte Tax Services superannuation partner Noelle Kelleher was one of four new appointees by Senator Nick Sherry, Minister for Superannuation and Corporate Law, to the Financial Reporting Council (FRC).

Ms Noelle Kelleher, Mr Kevin Stevenson, Mr Kevin Simpkins and Mr Michael Dwyer were the new members appointed to the FRC this week. Mr Jim Murphy, Mr John Stanhope, Mr Eric Mayne, Mr Klaus Zimmerman, Mr Bruce Brook and Mr John Gethin-Jones were reappointed to...