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Apr 10, 2019 / News

Large proprietary company thresholds doubled

The Federal Government has doubled the size thresholds for large proprietary companies reporting under the Corporations Act 2001 (“the Act”) effective for financial years beginning on or after 1 July 2019. The changes do not affect proprietary company reporting requirements for financial years ending on or before 30 June 2019. Read more

Audit and Assurance


Dec 03, 2018 / News

Changes affecting Directors and not-for-profit entities

The AASB has confirmed a major change to AASB 1058 and AASB 16 for below market leases from 1 January 2019. Read more

Audit and Assurance / Financial Reporting / Not for Profit


Nov 27, 2018 / News

Temporary relief for not-for-profit lessees from fair valuing ‘peppercorn leases’

For reporting periods beginning on or after 1 January 2019, AASB 1058 Income of Not-for-Profit Entities and AASB 16 Leases currently requires not-for-profit (“NFP”) entities to measure and recognise right-of-use assets at fair value for all existing and new below-market (‘peppercorn leases’) leases. Read more

Audit and Assurance / Not for Profit


Nov 19, 2018 / News

Increase to small/large proprietary company thresholds proposed

The Federal Government has recently released a proposal to increase the thresholds for determining what constitutes a large proprietary company under the Corporations Act 2001. Read more

Audit and Assurance / Business Consulting / Company Threshold / Corporations Act / Federal Government


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