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Big pipeline of major infrastructure
G2B: Chief Minister’s Message
The ACT Government has a big pipeline of major infrastructure - and we're exploring new and innovative methods to build and operate these projects, including the Territory's first Public Private Partnership (PPP). Last month I presented to key industry and infrastructure stakeholders on the ACT Courts project. This project is significant as it currently under consideration as the ACT's first...
2014 ACT & Region Indigenous Expo and Excellence Awards Dinner
ACT Chamber
The 2014 ACT & Region Indigenous Expo was created in 2012 with the aim of continuously developing and growing effective partnerships between governments, training organisations and employers with the ACT and surrounding communities. The success of the 2012 Expo was overwhelming and this important community event has continued to grow, with 2014 shaping up to be the biggest yet! The...
Federal Budget 2014-15
Associations To Business
We all knew that the 2014-15 Federal Budget would bring challenges to the economy and the private sector in Canberra and the surrounding region. After two years of speculation and rhetoric about the number of public service job cuts we now know that the Australian Public Service (APS) will be literally decimated - a massive 10% of the APS or...
Subdivide and conquer
Banking
Some properties seem ideal for subdivision, but it's difficult to know until you start digging into the details. Subdividing can be a profitable investment strategy, but it's worth completing a detailed feasibility study of physical, legal and cost factors to avoid unwelcome surprises.1 Before you start planning, check the neighbourhood for precedents that is, recent developments similar to what you...
Key ingredients for an effective business plan
Accounting
Failing to plan is a plan for failure' this quote attributed to Benjamin Franklin and Winston Churchill among others is still being spruiked today. Perhaps the reason for its longevity is that the statement rings true for so many aspects of our lives. We plan holidays and weddings, home projects and even grocery shopping. So why would you risk your...
How does your salary stack-up?
Expert Advice
The approach of financial year-end brings with it salary reviews in many organisations and the launch of our annual Hays Salary Guide on 4 June 2014. The Hays Salary Guide remains the definitive snapshot of salaries and employment market trends across Australia and New Zealand. It's your chance to find out exactly what is happening in each sector as well...
It’s that time of year again
Expert Advice
We are fast running up to the end of the tax year. It is time to review your financial arrangements and consider the steps that you may be able to take to minimise your tax obligations. Please discuss with your financial advisors your income protection position, managing capital any gains and losses, superannuation strategies including additional contributions, and, optimisation of...
Measure ROI with digital media
Expert Advice
Over the past few months I have introduced you to Google AdWords and explained briefly how it drives relevant traffic to your website, but how do we measure if the ads are actually profitable to your business? The performance of your online advertising is measured by applying a value to the page immediately after a desirable action on your website....
Trade marks – frequently asked questions
Expert Advice
What defines a trade mark? A trade mark is a commercial indicator serving as a 'badge of origin', something distinguishing goods or services of one provider from those of another. In addition to words, pictures or combinations (e.g. logos), trade marks can consist of sounds, smells, colours and shapes. There are also other types of marks such as series marks...
Selling or keeping the family home after separation
Expert Advice
One question that commonly arises after the breakdown of a marriage or a de facto relationship is deciding what to do with the "family home". Typically there are two options: the property is sold or the property is retained by one of the parties. The breakdown of a relationship is almost always a time of considerable anxiety and stress. The...
What women need… superannuation!
Estate Planning
Let's be honest, superannuation is definitely not the most attention-grabbing topic we can discuss. But here's the thing. Unless you like eating baked beans in your retirement, superannuation is really important. The problem for women is that their careers can be characterized by a pattern of broken periods of employment. There can be gaps in employment because of childcare responsibilities....
Acquiring a business? Do your diligence!
Corporate Advisory
In the current market there are many businesses looking to grow through strategic acquisitions. While an acquisition is one of the quickest paths to growth it's not always the surest, and too often, stakeholders do not get the value promised from the deal. When considering an acquisition target, and prior to undertaking the acquisition (no matter how good the transaction...
Measuring what matters
Corporate Governance
This column has often discussed the benefits of a board and appropriate governance structures to assist organisations achieve their outcomes. Having a board of skilled directors can provide the strategic guidance to help steer organisations in the right direction and ensure that appropriate risk controls are in place. In the for profit environment, the outcomes being sought can be measured...
Franchising code reforms
Business Law
The Government is proposing amendments to the Franchising Code of Conduct (the Code); these are tipped to redress a perceived imbalance of p ower in the franchisor - franchisee relationship. The forecast changes include: * introduction of an obligation on both parties to act in good faith; * substitution of some disclosure obligations with a 'short information sheet'; * an...
PPSA review to be wide ranging
Business Advisory
Previously in this magazine I alerted readers to the potential and actual pitfalls of the Personal Property Securities Act 2009 ("PPSA"). Since its implementation, on 30 January 2012, the PPSA has changed the business landscape in Australia and with it, the rights and obligations of claimants to goods being dealt with in insolvency matters. In April of this year, the...
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