Insights

Summer edition of Clarity out now

Insights

The future of AI regulation in Australia: understanding the proposed mandatory guardrails for high-risk AI

Regulation is coming: are you ready? Artificial Intelligence (AI) has grown from simple, single-task systems to powerful tools like large-language models (LLMs), like ChatGPT and Microsoft’s Co-Pilot, but there hasn't been much regulation or control over its development. The rapid pace of technological advancement has outstripped the ability of regulatory...

Rory O'Kane

Senior Data Scientist

Melbourne

Press Releases

PKF Australia welcomes new, dynamic COO

The National Executive of PKF is pleased to announce the appointment of Dr Lana Weldon, National Chief Operations Officer of PKF Australia. “We are delighted to welcome Lana to our leadership team,” said Steve Meyn, Chairman of PKF Australia.“Lana is an energetic and experienced executive with expert multi-disciplinary skills that...

Steve Meyn

Chairman

Australia

Insights

Pillar Two implementation in Australia: current state of play

On 22 August 2024, the Australian House of Representatives passed a new law that introduces a 15% global minimum tax and a domestic minimum tax for large multinational companies with yearly global revenues over €750 million. This move follows the Australian Government's 2023-2024 Budget plan, which included adopting the OECD/G20...

Becky Nguyen

Partner

Melbourne

Insights

Thin Capitalisation reforms and their impact on corporate tax management

As of 8 April 2024, the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024 has officially been enacted. This landmark legislation introduces major reforms to Australia’s Thin Capitalisation regime, which will apply to income years commencing on or after 1 July 2023. In...

3 contributors

Melbourne

Press Releases

PKF Australia welcomes Merit Partners to launch Darwin practice

PKF Australia announces the launch of its Darwin practice and celebrates its physical presence in every state and territory of Australia. Long-standing provider of audit, tax and advisory services in the Darwin market, Merit Partners, has joined PKF in Australia to access the rich resources of the network of firms,...

Steve Meyn

Chairman

Australia

Clarity Mag

Mandated climate reporting in Australia

On 27 March 2024, a Bill was passed in the Australian Government to mark a new era in mandated sustainability reporting for all Australian businesses. Schedule 4 to the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (Cth) was introduced into the House of Representatives to establish...

2 contributors

Melbourne

Insights

Data governance — a decision making approach

Over the past year, PKF, working with the Governance Institute of Australia, Macquarie University’s DataX Research Centre, and other expert organisations, has supported an important research study to assess the data governance landscape in Australia. The findings are unexpected and motivating.Survey participants and process In August 2023, the Governance Institute...

Ken Weldin

Partner

Melbourne

Insights

Cyber security as a cornerstone of sustainable supply chain

Imagine this... your business has undergone rigorous internal audits and your processes gleam. But, a single security breach in one of your supplier’s systems exposes sensitive data, disrupts operations, and shatters customer trust. In 2024, with rampant cybercrime, complex global partnerships, and data privacy regulations tightening, ignoring supply chain security...

Phillipa Ngorima

IT Auditor

Sydney, Newcastle

Insights

Local government changes — a sign of the times

As of mid-2022 all NSW local government councils and joint organisations were required to have considered the 2023 Risk and Audit Guidelines. The 2023 Guidelines replace the 2010 NSW Government’s Internal Audit Guidelines for Local Government in NSW. They seek to incorporate findings and lessons learnt from relevant industry reviews...

2 Contributors

Brisbane

Insights

How the economy is impacting financial reporting

Our economic climate is changing, and so too is how we must approach the preparation of financial reports for upcoming reporting periods. Changing conditions means that the preparation of financial reports will not simply be a rollover of the estimates used in the preparation of the previous financial report. Many...

Kevin Helmers

Partner

Newcastle, Sydney

Insights

The importance of data governance

Designing and implementing procedures to support the responsible and legally compliant dealing with data is one of the greatest challenges currently faced by boards of directors. The aim of this data governance study is to assist boards and senior management with implementing an effective data governance framework. The purpose of...

Liam Murphy

Managing Partner

Brisbane

Updates

PKF Melbourne is moving

PKF Melbourne will operate from Level 15, 500 Bourke Street, Melbourne from Monday 11th December 2023. PKF Melbourne is embarking on an exciting new chapter, marked by our upcoming move to a fresh and vibrant location in the Melbourne CBD.From Thursday, 7th December, we will be transitioning to our new...

Insights

Tax governance matters

Taxation in Australia is both complicated and constantly changing. Public interest in the tax system is arguably at an all-time high. Politically there is a desire to increase tax transparency for larger businesses and high net worth individuals to provide community confidence that ‘the bigger end of town’ is paying...

Garry Mathoda

Director

Sydney

Insights

Embracing the data analytics revolution

Data analytics, at its core, is the art and science of extracting actionable insights from the labyrinth of data. It encompasses the use of cutting-edge tools and methodologies to dissect, analyse, visualise, and interpret data, leading to informed and strategic decision-making. This pivotal concept has gained immense significance in today’s...

Sangeetha Ravisankar

Senior Data Analyst

Sydney, Newcastle

Insights

ESG: The future of reporting

In our continued exploration of better practice in Environmental, Social, Governance (ESG) reporting, our focus turns to the agricultural sector. We hope this case study provides guidance and insight to support you on your own ESG journey. There are significant benefits to be gained by reporting on ESG factors, however,...

Dawn Alexander

Partner

New Zealand

Insights

Building trust through ESG: Community engagement in the mining sector

The mining industry, historically linked with significant environmental and social impacts, faces increasing pressure from stakeholders to demonstrate responsible business practices. This pressure is not just regulatory or market-driven, it comes from the very communities where these companies operate. This is where a robust Environmental, Social, and Governance (ESG) strategy...

Darren Shillington

Managing Partner

Perth

Whistleblower programs Breaking the silence

Insights

Breaking the silence: How new laws empower NSW public sector whistleblowers

Whistleblowers who work in all public sector agencies across New South Wales will now receive greater protection, following extensive revisions to the Public Interest Disclosures Act (PID Act) which came into force on 1st October 2023. This amended whistleblower legislation is a commendable step forward in the state’s commitment to...

Press Releases

THE HUNTER BREAST CARE BREAKFAST RAISES $49,661 TO SUPPORT THE BREAST CARE NURSES

PKF Sydney and Newcastle, in collaboration with The Newcastle Herald and NEX, celebrated a major milestone as they hosted the 15th annual Hunter Breast Care Breakfast on 25 October, 2023. This sellout event brought together a remarkable 510 attendees, all united in their commitment to supporting the Hunter Nurse Education...

Emma Hansen

Head of Marketing

Sydney, Newcastle

Insights

The art of speaking up: How to detect organisational fraud

Fraud is a significant - and potentially very costly - issue for government agencies and companies of all sizes and industries. A common misconception about fraud is that the perpetrator is external to the organisation. However, anyone with access to sensitive information - current or former employees, for example -...

Insights

What happens when your complaints manager leaves? The risks you need to know

The reality of business is that people changing roles and organisations is inevitable. However, many business leaders haven’t been alerted to the specific - and significant - risks that arise when the person managing your employee complaints decides to depart. This can leave an unexpected vacuum, and if not addressed...

Whistleblower Adobe Stock 621050701 2000x1000

Insights

Are you providing multiple avenues for your employees’ complaints? We explore better practice.

Many organisations, with the best intentions, set up a Complaints Officer along with a corresponding process, with the intent of fostering improved communication, employee psychological safety, and legislative compliance. But what if you've set up a whistleblowing or complaints management system for your employees to voice their concerns, and you...

2309154 BAS Healthcheck Adobe Stock 183299746

Insights

Is it time for a business health check?

Are you keeping an eye on the pulse of your business? Much like a human body, a business requires regular health checks to ensure it's performing at its peak and to identify potential issues before they become substantial problems. If you're a CEO or a business owner of a mid-sized...

2 contributors

Brisbane, Sydney

Press Releases

Antoinette Tatarelli appointed Managing Partner of PKF Adelaide

PKF Australia is proud to recognise the appointment of Antoinette Tatarelli as Managing Partner of the PKF Adelaide practice. Antoinette is one of very few female managing partners in our industry and leads a team of over 60 professionals at our Adelaide office. Antoinette has been an integral part of...

Steve Meyn

Chairman

Australia

Press Releases

Mark Hughes Foundation

Through endless fundraising, the Mark Hughes Foundation is changing these appalling statistics. The PKF team are big supporters of the Mark Hughes Foundation and had the pleasure of being Mark Hughes Foundation volunteers, helping move and pack hundreds of beanies in preparation for #BeanieForBrainCancer week to help raise money for...

Emma Hansen

Head of Marketing

Sydney, Newcastle

Insights

The rarely talked about emotional benefits of finding the right business advisory partner

As a business leader, you're likely familiar with the strategic and financial advantages that a business advisory partner can bring. Typically discussions around business advisory partnerships focus on the clear, tangible benefits - strategic insights, financial guide, and operational support. However, there are some key benefits outside of this that...

Sara Crevillen

Partner

Brisbane

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