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Sustainability reporting standards and legislation finalised ... - PwC
Key changes from exposure draft proposals: AASB S1 has broadened to become a voluntary standard that can be applied to make sustainability disclosures for topics beyond climate (eg biodiversity, water usage). The AASB has sought to re-align the ASRSs with the ISSB’s IFRS S1 and IFRS S2 baseline.
PwC An accountant’s perspective Internal costs – to capitalise or not to capitalise? The internal costs mini-series – what to expect Costs with respect to payroll and overheads may be incurred by a business to
EPCM Contracts: Project delivery through engineering, procurement and construction management contracts PwC 4 * including designers, engineers and construction managers – where limited or non-recourse financing is in
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XVA explained - PwC
XVA explained Valuation adjustments and their impact on the banking sector December 2015 www.pwc.com.au
ATO guide on market valuation for tax purposes - PwC
Oct 31, 2022 · The Australian Taxation Office (ATO) has released an updated guide on market valuations for tax purposes. Market valuations are relevant for a wide range of tax matters, including capital gains tax (CGT), employee share schemes, goods and services tax (GST), and tax consolidations, to name just a few. The ATO’s updated guide is intended to help taxpayers reduce the tax risks associated with ...
Capital vs revenue? Greig’s case confirms it's all about the facts
Jul 27, 2020 · In detail. In the Greig case, the Full Federal Court (by majority) found that the disposal of shares by the taxpayer was on revenue account, and the loss made on particular shares were deductible under section 8-1 of the Income Tax Assessment Act 1997 (Cth) (ITAA 1997).In assessing whether the transaction constitutes a “business operation or commercial transaction” (FCT v Myer Emporium Ltd ...
Superannuation update: Proposed $3 Million Superannuation Cap …
From 1 July 2025, the Government has proposed an ‘additional’ tax of 15% on earnings on an individual's superannuation benefits over $3 million at the end of a financial year. This 'additional' tax is to be known as Division 296 tax. We have summarised below the key points of the newly released draft legislation, which is open for comments …
Australia’s new thin capitalisation regime - PwC
The new thin capitalisation regime for “general class investors” will broadly apply to income years commencing on or after 1 July 2023 (except for the new debt deduction creation rules, see further below, which will now apply one year later). A general class investor is a new concept that combines the old law concepts of inward investors ...
On 1 July 2023, the fixed total remuneration of our people grew by a further $50.3 million (an increase of 4.5%) as a result of our people’s FY23 performance outcomes. In FY23 our annualised partner pay ranged from $374,000 to $4,043,000 (former CEO). Our average partner income declined by 12% during the year.