contact us
Accountants and Business Advisers
10 05 2018
Your vulnerable workers act obligations and protecting your brand
01 05 2018
The Australian Charities and Not-For-Profits Commission (ACNC) is doing its part to keep Australia safe from money laundering and terrorism. During the year the ACNC undertook a national risk assessment into Australia’s not-for-profit (NFP) sector in conjunction with Australian Transaction Reports and Analysis Centre (AUSTRAC). The findings were released in their report titled Australia’s non-profit organisation sector: money laundering and terrorism financing risk assessment.
The General Data Protection Regulation (GDPR) law will be enforced from 25 May 2018. Failure to comply with any of the GDPR requirements may result in significant financial loss, disruption or reputational damage to an organisation.
Australian companies are increasingly establishing subsidiaries or branches in New Zealand, however, there are financial reporting and filing requirements that need to be considered. These vary according to type, size and ownership. There is no “one size fits all”.
The decluttering of general purpose financial reports (GPFR) has started to gain momentum in the accounting profession as the question of whether these reports are producing relevant information is being asked.
For more information on how our services can help your business get in touch.