Director identification number penalties
There has now been further clarification regarding the penalties which will be imposed for not complying with the new Director Identification Number policy.
Cyber security – the numbers you need to know Part 3
There has been a significant increase in ransomware attacks in Australia in the past year, with a survey indicating the majority of Australian businesses being targeted. Around the world the cost to business is staggering and huge gains can be made off the back of a miniscule investment on behalf of the cyber criminals. These are the numbers you need to know in order to act now.
Director Identification Numbers for Foreign Directors
As part of recent amendments introduced by the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) in June, all persons holding the role of a company director, will soon be required to be identified by a unique “director identification number” (director ID). A director ID is a unique identifier that you need to apply […]
Cyber security – the numbers you need to know Part 2
There has been a significant increase in ransomware attacks in Australia in the past year, with a survey indicating the majority of Australian businesses being targeted. Around the world the cost to business is staggering and huge gains can be made off the back of a miniscule investment on behalf of the cyber criminals. These are the numbers you need to know in order to act now.
Director Identification Numbers now required for current and future directors
In response to a recommendation by the Productivity Commission, the Commonwealth has passed the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 designed to centralise Australian business registers.
Eligible build-to-rent projects to benefit from 50% land tax discount
Tabled in the Victorian Parliament yesterday, the Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021 (“Bill”) introduces the build-to-rent (“BTR”) land tax discount measure announced by the Treasurer in November 2020. Developers of eligible BTR projects can benefit from a 50% land tax discount and an exemption from the Absentee Owner Surcharge (“AOS”), for up to 30 years between 1 January 2022 and 31 December 2031.
The new Victorian Windfall Gains Tax
From 1 July 2023, many Victorian landowners whose land is rezoned will face the prospect of paying a significant new tax to the State Revenue Office in the form of the Windfall Gains Tax.
Cyber security – the numbers you need to know Part 1
2021 has seen a dramatic increase in cyberattacks on Australian business, but many companies still treat cybersecurity as an afterthought. At Pitcher Partners, we are focusing on the key numbers you need to know in order to act now.
Pitcher Partners Charitable Committee: Annual Report 2020-21
Pitcher Partners Melbourne is pleased to present its third annual Charitable Committee report, detailing the firm’s collective efforts to support the community.
Private Ancillary Funds
Last week, Canva’s co-founders Melanie Perkins, Cliff Obrecht and Cameron Adams pledged to donate 30% (approx. $16.4b) of their business’s equity into the Canva Foundation. This is a very generous donation and is an example of long-term planned philanthropy in action.