Corporate governance then and now

In a sense, the response by most companies is more reactive than proactive. As various rules and regulations are introduced in different countries, they impose obligations on companies to reform and adopt good corporate governance practice. But it would be misleading...
Growing tall poppies

Growing tall poppies

The appointments have increased the proportion of women directors on ASX 200 boards from 8.3 per cent to 11.9 per cent since 2009, but the figures indicate there is still much to be done. A total of 77 boards of ASX 200 companies still do not have any female...

President’s report: Strengthening our connections

Representing the IPA Andrew Conway and I were recently pleased to announce the admittance of the Institute of Public Accountants to the Confederation of Asian and Pacific Accountants (CAPA). As one of the world’s largest regional accounting organisations, being a full...

New rulings update – Aug/Sep 2011

Taxation Determination TD 2011/13 This TD specifies that, for the purposes of s 108-85 of the ITAA 1997, the improvement threshold for the 2011/12 income year is $130,418 (up from $126,619 in 2010/11). Where a pre-CGT asset has had an improvement of a capital nature...

Tax law report – Aug/Sep 2011

    The Government has held off on defining trust or distributable income in taxation statutes. This measure was intended to better align trust distributable income with taxable income.     Taxation of capital gains made by trusts and franked distributions flowing...