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The need for reform
Corporate Governance
In late August, The Australian Institute of Company Directors (AICD) attended the National Reform Summit, and not surprisingly many of the key challenges identified at the Summit were very similar to those challenges expressed by directors in the 2015 Director Sentiment Index. AICD's CEO and Managing Director, John Brogden participated in the summit and stated that the Summit was a...
The dangers of “Good Faith”
Business Law
Consumer protection has long been part of our law, shielding the unwary from sharp practices. Perceptions that such aspects of legal and policy development have by-passed the jungle of the commercial world might be misplaced. In recent times commentators have observed a judicial tendency to imply into contractual relationships an obligation to deal "in good faith". This implication will not...
Managing value risk in Family Law disputes
Business Advisory
Following my May column in this publication, in which I started a conversation about the value-add that insolvency practitioners can provide to contested Family Law property proceedings, I have seen an increase in the promotion of certain insolvency 'products' as tools to add or maintain value in such circumstances. Whilst it is true that in the right conditions, an insolvency...
Financial management made easy with cloud accounting
Bookkeeping
To me, micromanagement is ineffective because one has to spend a lot of time and effort with little gains. This reminded me of my early days as a bookkeeper, when my manager would get us to enter every single information from the invoice to the accounting system (specifically, MYOB). He wanted to convert MYOB into a database where he can...
The importance of credit rating
Banking
Having a positive credit rating could be essential to securing finance now, or for borrowing money for big ticket items, such as property or a car, in the future. As more people begin to use credit as a means of finance, it's important to understand what a credit rating is and what a good or bad credit rating could mean1....
Can you have too much profit?
Accounting
You're in business for many reasons. Profit must be on that list, if not at number one, as a natural consequence of your greater business purpose. Unless you're a charity or NGO, business without profit isn't a business. Profit comes from many sources - not just revenue, but managing overheads, expenses, input costs, people and products. Profit can be found...
Is it time to wrap our heads around wraparound services?
Associations To Business
The health and social services sectors in Australia have long been committed to the concept of patient-focused or wraparound services, where the individual is at the centre of a comprehensive care team working collaboratively to achieve the best outcomes possible. Since the term was first coined in the 1980s, 'wraparound' has been defined in a variety of ways. Essentially though,...
A new paradigm in dealing with property investment firms
Profiles
At Choose Properties, we believe in empowering people through education. We give our clients the information to make astute property investment decisions by offering a complete solution-with objective advice on investing in new or existing properties, interstate or locally. Honesty and independence are our cornerstones Choose Properties principals, Abby Morphett and Nyka Tea, have many years of property investment experience,...
The Now-Where-How of Business Planning
Features
Business planning is very important it's like knowing the directions when you want to go somewhere. A great way to make sure your business stays on track is the Now-Where How process. This process asks three key questions that need to be answered in developing a plan: 1. Now - what is the current situation? 2. Where - what is...
What does your LinkedIn profile picture say about you?
Features
We live in a world of increasingly complex technology where we are more and more connected each day. Our every move is documented online, so why is it that so many people underestimate the power of their LinkedIn profile? CV's are often left forgotten in your bottom drawer until the time comes when you may be considering a move. Treating...
Enduring Powers of Attorney – what an attorney needs to know
Features
Your spouse, relative or friend has appointed you as their attorney under an Enduring Power of Attorney - but what does this mean for you? Here are some questions we are regularly asked by attorneys. What is an Enduring Power of Attorney ("EPA")? An EPA is a legal document in which a person ("principal") appoints another person or persons ("attorney/s")...
Celebrating five years
Features
This year will see Voices in the Forest celebrate its 5th anniversary as Canberra's leading international music concert. Since 2011, the outdoor gala spectacular has brought many world-renowned opera singers to the amphitheatre of the National Arboretum such as Sumi Jo, Anne Sofie von Otter, Emma Matthews and Inessa Galante. This year's concert promises another magnificent showcase of talent starring...
Business confidence on the rise in CBR
G2B: Chief Minister’s Message
The latest Sensis business index report shows that business confidence in the ACT is at the highest levels in over a year and are above the national average. Small to medium enterprises are reporting improved sales profitability and wages, reflecting a positive attitude felt across the territory. These results demonstrate that the ACT has now turned the economic corner. With...
Building confidence for their clients
Cover Story
Residential building and craftsmanship are in Danny and Robert Rosin's blood. They have been in the custom residential building trade for 25 years and are passionate about their work and their client's homes and investments.A striking new Concept Home,opening for display in September,will showcase the results they can achieve for Canberrans looking to rebuild. Their father and uncle were Italian...
AUSTRALIAN DEMOCRACY…
Publisher's Note
With the risk of voicing the opinion of an undergraduate political science student, I feel the need to rant about the Abbott Government's proposal to have a national referendum about same sex marriage. Why do we need to do this? Does same sex marriage require constitutional change? Absolutely not. Then why have a national referendum? Is it something that our...
The Classic Bishop Sacrifice
Publisher's Note
Politics is just like chess and Bronwyn Bishop has been sacrificed for the greater good. She spent the public's money on choppers and limos and paid a price for it, primarily because her decisions were not in the spirit of her entitlements or represented the standards of a parliamentarian let alone the Speaker of the House of Representatives. But I...
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