We’re proud to present Pitcher Partners Melbourne’s latest Charitable Committee report, celebrating another year of meaningful community impact. Guided by our “making business personal” philosophy, our people, clients, and partners have come together to support causes that matter most – especially as economic pressures continue to affect communities across Victoria. Making a difference together This […]
Key points AASB 18 introduces new presentation and disclosure requirements for for-profit entities from 1 January 2027. Entities investing in assets must classify certain income and expenses in the operating category. Classification of income and expenses depends on the entity’s main business activity AASB 18 Presentation and Disclosure in Financial Statements first applies to for-profit […]
Key points: Prevention is better (and cheaper) than crisis management Make sure your internal controls are not informal – an audit red flag Build confidence in your numbers beyond compliance Too many businesses only uncover problems during the audit process, such as non-compliance with accounting standards, missing documentation or systems that cannot produce reliable data. […]
Key points Governance failures, such as weak financial controls and outdated systems, are among the top deal-breakers uncovered during due diligence. Buyers are increasingly wary of hidden risks like inconsistent revenue recognition, legacy tech debt, and problematic contract clauses. In today’s M&A landscape, sellers who proactively address governance and transparency are far more likely to […]
Key points Establish a realistic timeline – succession is rarely a quick process. The most successful transitions typically unfold over three to five years. For family-run pubs, this transition carries particular weight. These establishments often represent legacies, community landmarks, and family traditions spanning generations. Identify suitable successors, recognising that family members may not always be […]
Australia’s superannuation system is designed to help individuals save for retirement through tax-effective means. While superannuation contributions generally benefit from concessional tax treatment, the government has measures to ensure equity in the tax system, particularly for high income earners. One such measure is the Division 293 tax. This article explores what the Division 293 tax […]
Key points: Recent decisions by the High Court of Australia confirm that written contracts are the starting point when deciding if someone is an employee or a contractor. While the substance of the work should align with the contract, the terms of the contract take precedence over the conduct of the parties in determining this. […]
Key points: Japan’s corporate governance revolution is driving their M&A activity Australia is uniquely positions as the prime beneficiary These high levels of activity represent a permanent shift, not a cyclical trend Japan is experiencing its most significant corporate governance transformation in decades, creating unprecedented opportunities for mergers and acquisitions in Australia. Structural legal changes, […]
On 1 July 2025, the NSW Government introduced a new Community Services Industry portable long service leave scheme, known as the Community Services Industry (CSI) Scheme (the Scheme). The Scheme is similar to those introduced by other states such as QLD and VIC. Background and Rationale Traditionally, long service leave (LSL) in Australia has been […]
For SMSF trustees and retirees in pension phase, now is the time to review balances, minimum drawdowns, and compliance issues to ensure the fund remains eligible for tax concessions and avoids any last-minute pitfalls. Below are the key pension-related considerations before financial year-end. 1. Minimum Pension Payments To retain tax exemption on earnings within retirement […]
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