How manufacturers are pivoting in the ‘new normal’

By John Spender on 22/05/20 - Mins to read: 2 minutes

While most businesses are focused on how they can keep the lights on, a few sectors such as manufacturing and biotech are quickly emerging at the forefront of the COVID-19 crisis. While the pandemic has exposed vulnerabilities in many operating models and supply chains, some businesses are quickly adapting to...
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Not-for-Profit Boards – It’s time to rethink your model!

By Andrew Bradley on 22/05/20 - Mins to read: 2 minutes

Thought leadership The best performing Boards and Investment Committees (ICs) recognise their primary role is one of governance, not operations and certainly not investing. Fundraising and investment are two big issues NFP Boards and IC’s are struggling with right now. Issues for Fundraisers With fundraising, the basic issue is...
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Victorian passes COVID-19 land tax relief and commercial tenancy obligations

By Neil Brennan on 22/05/20 - Mins to read: 2 minutes

On 1 May 2020, the Victorian Government passed the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2020 (Regulations). The Objective of the Regulations is for landlords and tenants work cooperatively and act reasonably and in good faith to implement measures to apply to tenants and landlords under eligible...
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Agricultural sector a source of confidence for South Australia in tough times

By William Buck on 22/05/20 - Mins to read: 2 minutes

For almost 75 years, advisory and accounting firm William Buck has been working with primary producers and agribusiness operators right across South Australia. While the COVID-19 pandemic brings with it a range of very real challenges for farmers and regional communities, William Buck’s Head of Agribusiness Ben Trengove said SA...
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NFP Financial reporting insights

By William Buck on 22/05/20 - Mins to read: 2 minutes

New SPFS disclosures take effect   Under AASB 2019-4 Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements, new disclosure requirements take effect for financial years ending on or after 30 June.    You will need...
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NFP ACNC Activities

By William Buck on 22/05/20 - Mins to read: 2 minutes

Annual information statement extensions  The ACNC commissioner has granted a blanket extension to charities with a 2019 annual information statement (AIS) due between 12 March and 30 August.    They will now need to submit their AIS's by 31 August.  The extension will be monitored as the COVID-19 crisis...
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