Australia’s Electric Car Discount has been a game-changer for EV adoption since it was launched on 1 July 2022. Now, Australian Commonwealth Treasury has commenced a statutory review of the concessions. While no immediate changes are proposed, it is worth understanding what is being examined and why it matters for your business. What is an […]
Key points Climate reporting under AASB S2 is about starting from your current position and improving over time Proportionality enables Group 1, 2 or 3 entities to apply the requirements in a way that is proportionate to their circumstances “Minimal Viable Compliance” is not the same as proportionality and should not be the finish line […]
Key points: Early preparation is critical. It sets the foundation for a smooth first‑year audit. Technical uplift will require considerable time and effort. Applying Australian Accounting Standards (AASs) for the first time may require a reassessment of current accounting practices and can be time consuming. Unexpected commercial impacts can result. Applying AASs can have unforeseen impacts on […]
From 1 January 2025, certain entities will need to prepare an annual sustainability report containing mandatory climate-related financial disclosures. Pitcher Partners can provide technical knowledge and expertise to guide you through the process of navigating the new requirements in a commercial and pragmatic manner. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act […]
Key points Understand the requirements. Knowing the regulatory landscape and what an audit actually demands is essential for first-time success. Expect a step-change. Moving into an audited environment brings new levels of discipline, governance and scrutiny that many organisations underestimate. Navigate the challenges with the right support. The right auditor will guide you through […]
Key points AI is boosting confidence in Australian retail by streamlining operations, enhancing customer experiences, and improving marketing effectiveness. Retail workplaces are being reshaped as AI automates routine tasks, creating opportunities for staff to focus on higher‑value, creative, and strategic work. While challenges such as cost, skills gaps, and data concerns persist, AI is unlocking […]
Key points: New Vehicle Efficiency Standard (NVES) turns vehicle emissions into a direct commercial cost, requiring OEMs to either reduce fleet emissions or purchase credits, with penalties likely flowing through to vehicle pricing. Penalty exposure escalates rapidly under NVES, disproportionately impacting high-volume and LCV-heavy brands as emissions overruns are multiplied across total units sold. NVES […]
Key points: New Vehicle Efficiency Standard (NVES) applies to most passenger vehicles and light commercial vehicles under 4.5 tonnes, with compliance responsibility sitting with the party that holds type approval and first enters the vehicle onto the RAV. The unit trading scheme is the core compliance mechanism, allowing suppliers that outperform emissions targets to bank […]
Key points: New Vehicle Efficiency Standard (NVES) penalties are expected to materially increase vehicle prices and weekly repayments, with costs compounding through margins and taxes and narrowing consumer choice over time. Dealers face significant supply volatility under NVES, forcing short-term inventory and trading decisions that may disrupt long-standing OEM relationships and accelerate shifts toward parallel […]
Key points: New Vehicle Efficiency Standard (NVES) pressure intensifies early, making incremental efficiency gains insufficient and forcing OEMs to make portfolio, allocation and model-range decisions sooner rather than later. From 2026, the NVES Unit Registry becomes a visible strategic scoreboard, exposing which brands are structurally long or short on compliance and driving changes in pricing, […]
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