BLB News

DRAFT BILL FOR IMPROVING ACCOUNTABILITY ON “GOLDEN HANDSHAKE” TERMINATION PAYMENTS

29/05/2009

Are company executives paid too much? Hot on the heels of public outrage at termination payments being paid to executives at a time when their companies were performing so badly, the Minister for Superannuation and Corporate Law has released an Exposure Draft Bill.

SMSF GEARING - WHEN SHOULD YOU CONSIDER BORROWING THROUGH A SMSF?

29/05/2009

Since September 2007, there has been a lot of excitement about super funds being able to borrow through s67(4A) of the SIS Act to invest in broad range of investments inside a SMSF. For many SMSF owners this opened up a whole new way to invest in real property, shares and managed funds. We are often asked by our clients to explain how it works.

JOKES - ACCOUNTANTS

29/05/2009

We’ve all heard the thousands of lawyer jokes, but did you know there’s a healthy market in accountants jokes as well. Here’s a few to get you going:

COMPANY OFFICERS PERSONAL LIABILITY FOR FALSE OR MISLEADING STATEMENTS

29/04/2009

Company officers should be very diligent when approving press releases or other company representations in light of the very recent judgment against the James Hardie directors.

SERIOUS PENALTIES FOR ADVISERS MISLEADING LENDERS

29/04/2009

Accountants, financial advisers, mortgage brokers, lawyers or any other person who is found responsible for falsely representing the financial position of a company face serious penalties enforceable by the regulators