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Public and private sector leaders face ‘wicked’ problems
News
From management roles in the public service to CEOs and entrepreneurs, today's leaders are dealing with ever-more complicated work environments than their predecessors. Rapid changes in technology, a need to cater to the changing aspirations of new generations, a workforce empowered to change jobs in a heartbeat, and requirements for diversity and inclusion are just some of the "newer" challenges...
Bucking the trends in business – Roger Smith
Local Leaders
Not being much of a tech head, but knowing I had to learn a lot more about Cyber Security after I had been hacked, I made the decision to attend a course entitled: "Business Security Intensive". This was a half-day course where I would learn about the 'bad guys' - what they do and how they do it, and more...
ACT achieves sought-after balanced budget for 2016-17
News
Higher returns from the Land Development Agency and increased revenue from cross border health receipts have helped the ACT Government achieve a balanced budget for the 2016-17 financial year. The much sought-after achievement is an improvement on the estimated budget deficit of $73.9 million for 2016-17 and comes despite continued big spending on Canberra's infrastructure. ACT Chief Minister and Treasurer...
Canberra businesses need to take control of rising energy costs
News
The cost of energy to a business is a function of price and volume and a coordinated approach to managing both can deliver significant commercial benefits in a volatile market. It was only recently that energy retailers around the country sharply increased costs, with businesses and consumers around the country already feeling the effect of bills rising up to 20...
Bucking the trends in business – Tim Benson
Local Leaders
He plays the trumpet every Friday night in the house band at Casino Canberra and loves the written word. A self-confessed entrepreneur by nature, Tim finds his own opportunities in life. After a series of interesting high-level public service jobs, mostly as a political media advisor, there came the time when he felt the need to dance on his own...
AI and the future of work
News
The impact of technology and artificial intelligence (AI) on the future of work will be the focus of a major conference in Canberra this month. The 25th annual Australian Computer Society (ACS) Canberra conference at the National Convention Centre on 15 August should be compulsory for anyone working in IT and wanting to negotiate the brave new world AI is...
Tackling trusts
Expert Advice
Speak with any well-informed insolvency practitioner and, aside from the sweeping law reform being foisted upon the industry, a major issue occupying the minds of many is the tricky task of winding up trust-related enterprises. Why tricky? It all came about as a result of some recent case law that has effectively inverted the commonly-understood regime of dealing with the...
Cyber Security implications of IoT devices
Cyber Security
The Internet of Things (IoT) refers to the growing network of devices that are embedded with network connectivity, allowing them to collect and exchange data, and be accessed through the internet. Some examples include vehicles, home automation devices, appliances, and building management systems. IoT is driving automation, however the proliferation of IoT devices also increases the attack surface and risks...
Supply Chain Funding a game changer for suppliers
Cash Flow Solutions
When working capital dries up suppliers operating in the B2B space traditionally resort to debtor finance. It's a viable solution for many, but requires care when choosing a provider. Qualifying for a facility can be hard, fees can be high and lock in contracts can be expensive to break. The recent introduction to Australia of Supply Chain Funding, or supplier...
Joining the crowd – Crowd Sourced Equity comes to Australia
Business Law
Recent Federal Government measures have made it easier for start-ups and small businesses to raise capital through Crowd Sourced Equity Funding ("CSEF"). CSEF platforms such as Indigogo and Kickstarter, allow investors to make small financial 'investments' in emerging companies in exchange for equity in the business. Are you eligible for CSEF? From 27 September 2017, unlisted public companies with less...
End of Financial Year preparation: Magical touch on your books!
Bookkeeping
With end of financial year (EOFY) fast approaching, the Tailored Accounts team is counting down to the last day of the financial year! You may wonder why EOFY often becomes such a hectic time for bookkeepers and accountants. I hope this article can shed light on the inner processes of EOFY preparation. The following list articulates the main examples of...
The future of work is flexible
Features
Technological advances are transforming the way organisations do business and will ultimately re- shape and re-define jobs, skills and workforce strategy. At the World Economic Forum in Davos this year, a wide-ranging global insight report, 'The Future of Jobs; Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution' was issued, outlining the way jobs will be impacted and the...
Signature Strata – putting integrity first
Features
Signature Strata is the brainchild of partners Nina Cannell, General Manager and Leisa Newman, Business Manager. The initial chat about Nina's future plans after her last tenure of 12+ years (18+ years in total) happened in the school yard. Leisa had hoped to coax her into a new role, essentially a side-step from strata management. "It actually all happened at...
Australian businesses must think innovatively to win the war for talent
Features
Recently we commenced advertising for several recruitment consultants with the aim of attracting high performers to our firm in Canberra. Included in our advertising is the offer to enjoy a six week paid holiday to new hires before starting in the job. The idea reeks of a gimmick, doesn't it? In today's job market, the list of catchy perks being...
Record keeping tips for the new fnancial year
Features
It's a chance for a fresh start again. We can embrace the opportunity to clear our desks, tidy out the filing cabinet, change our business structures and even get a new financial record keeping system in place. As part of this it may be the perfect time to also consider new systems or accounting packages and all their optional Add-Ons....
Meeting rules for strata community complexes
Features
One of the primary roles of a Strata Manager is facilitating the meetings of an Owners Corporation, a role that includes maintaining order, focus on the agenda,and ensuring that each articipant has an equal opportunity to have their voice heard. Successfully leading a meeting is a skill actively developed by a successful Strata Manager through experience and ongoing training. Formal...
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