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All news by: Moore Australia

Unleashing Your Potential: Lessons from a World Champion

In a world where challenges can either break you or make you, the story of a martial artist's journey often encapsulates the essence of resilience, determination and the relentless pursuit of excellence. Moore Australia (WA) had the opportunity to sit and chat with Danial ‘Mini T” Williams, a seasoned Muay Thai, Kickboxing and MMA fighter whose story is not just about victories in the ring, but also about overcoming setbacks, finding purpose and unleashing his true potential against all odds.

Support for businesses affected by South East Queensland storms

Following the devastating storms that impacted the Gold Coast, Logan and Scenic Rim areas over the 2023 Christmas period, there are several support mechanisms being activated and available to businesses and individuals.

The Moore Australia team have collated the assistance packages available below and can assist you with accessing and applying for these in some circumstances.

How does a Business Advisor help an Agribusiness

Agribusinesses face unique challenges and considerations that other businesses may not, such as weather, climate, seasonality, supply chain complexity, regulatory environment, sustainability and market volatility. 

Having the right advisor gives you the valuable support and guidance you need and ensures your business thrives now and is prepared for the challenges of the future.

Key Focus Areas for Individual Tax Returns: ATO's Watchlist for Australian Taxpayers

As the end of the financial year approaches, it's crucial for Australian taxpayers to be aware of the Australian Taxation Office's (ATO) key focus areas. By understanding these areas, individuals can ensure compliance and minimise the risk of audit or penalties. In this article, we will highlight two significant focus areas and provide valuable insights on how to navigate them effectively.

Year End Tax Planning for Businesses 2022-23

With the end of the financial year for 2022-23 fast approaching, there are many tax planning strategies business owners should consider and have in place before 30 June 2023.

Now is the time to review your tax affairs (if you haven't already) to ensure you have taken advantage of relief available to you, addressed items that need to be completed and considered your planning opportunities.

Our team have prepared a handy year end tax planning guide for businesses, now available for you to download.


A flurry of activity in APAC Mid Market M&A opens up opportunities to bargain hunters. The first quarter of FY23 has started off strong. Q1 is a popular time for transactions, but also the great value businesses available in the market has contributed to this. While larger merger and acquisitions have slowed due to RBA increases and the cost of debt, the mid market has continued to perform.

Business Lifecycle Series

Great ideas can lead to great innovations and thriving businesses.  Our team of business advisors have developed a series of articles on the Business Lifecycle covering everything from an idea to succession or sale of your business. 

Over the course of the next months we will be addressing some of the key milestones in business. 

Effects of continued interest rate rises

Banks are responding to the Reserve Bank Australia (RBA) rate increases, with customers feeling the effects of rising monthly repayments.  While there are many reasons for the rates increasing, the important thing to understand is how it will affect you. With rates rising and any further increases likely to be passed directly on to you (the consumer), this can have a big impact on your monthly outgoing payments.

QLD State Budget 2022-2023

The 2022-23 QLD State Budget was handed down by Treasurer, Cameron Dick, on Tuesday 21 June 2022.
In his speech, the Treasurer announced a budget surplus of $1.9 billion for the 2021-22 financial year. Despite the ongoing impacts of COVID-19 and floods, the Queensland economy is forecast to grow by 3% in 2021–22, and then average ongoing growth of 2.75% per annum over the rest of the forward estimates.

Year End Tax Planning for Businesses 2021-2022

With the end of the 2021-2022 financial year fast approaching, there are many tax planning strategies that as a business owner you need to consider and have in place before 30 June 2022.

If you haven’t done so already, now is the time to review your tax affairs to ensure you have taken advantage of relevant reliefs available to you, addressed items that need to be done, and considered planning opportunities.
Our team has worked together to prepare a handy year end tax planning guide for businesses which is available for you to download.

Containers bring change to the Australian Wildlife Conservancy

In a bid to engage tenants in recycling and separating recyclable containers from landfill waste, Exchange Tower Perth introduced an incentive scheme for businesses residing in the building. The tenant with the largest number of containers recycled through the scheme were then able to select the destination charity for proceeds from the recycling efforts of all tenants in the building. 

Moore Australia (WA) is proud to announce it was the tenant with the largest number of recycled containers and have chosen the Australian Wildlife Conservancy as the charity of our choice.

Superannuation changes 1 July 2022

Several key changes come into effect on 1 July 2022 regarding superannuation contributions. These changes create opportunities for all, young and old, to grow their retirement savings.  Our team provide an overview of the changes and how individuals, businesses and employers can prepare.

Moore Australia client puts down ASX roots

Moore Australia congratulates client RLF Agtech for its successful listing on the Australian Stock Exchange (ASX) recently (ASX: RLF).

Following an Initial Public Offering (IPO) of $8.5 million via the issue of 42.5 million shares at 20 cents a share, giving the Perth-based company an indicative market capitilisation of $36 million on the listing.

Flood Disaster Assistance available

Large parts of south-east Queensland and Northern New South Wales have been devastated by floods.  Emergency crews are stretched beyond normal limits and thousands of residents and businesses have a long road ahead.
There are a number of relief and recovery programs available to residents in both Queensland and New South Wales from state and federal Governments.  The information is regularly updated and we’ve put together a few links that we hope will help you find information a little easier.

Moore Australia (QLD/NNSW) MYOB Accounting Firm of the Year

Moore Australia is proud to announce that our Queensland / Northern New South Wales firm has won the MYOB Accounting Firm of the Year, 2021 award. The successful execution of the practice’s growth strategy, together with rapidly adjusting to the pandemic, embracing remote working and continued community engagement throughout the year proved a winning combination.

APPLICATIONS OPEN: QLD COVID-19 Business Support Grant

Applications for the 2021 COVID-19 Business support grants are opened at 12noon (midday) Monday 16 August 2021.
Previously, the Queensland Government announced financial support for small and medium businesses impacted by the lockdown order which commenced at 4pm on Saturday 31 July 2021 for 11 local government areas (LGA’s) around Brisbane and has been extended to the Cairns and Yarrabah LGA’s

Grant Alert: COVID-19 TechVouchers

The New South Wales government's COVID-19 TechVoucher program provides support funding for technology-rich startups, scaleups, or small-medium enterprises to collaborate with Publicly Funded Research Organisations (PFRO) to accelerate the commercialisation of innovative R&D products and services that address ongoing disruptions.

QLD COVID-19 Disaster Payment

The federal government’s COVID-19 Disaster Payment has been extended to South East Queensland individuals who live in the 11 Local Government Areas (LGAs) that have been declared as hotspots for the period from 31 July to 8 August 2021.

NSW COVID-19 Business Grant

The NSW Government has introduced a number of measures to support businesses affected by the recent COVID-19 restrictions. One of the key measures is the 2021 COVID-19 Business Grant. Read more about who can claim, what criteria apply and how to apply. 

Updated: NSW JobSaver scheme

Service NSW recently released some further guidance on the JobSaver scheme which is now available to impacted businesses in NSW. Today the Prime Minister announced an expansion to the scheme to include additional support for more businesses.

COVID-19 NSW Support Packages

In recent days many communities have been asked to adhere to government mandates of compulsory masks and lockdowns.  Both the NSW and Federal governments have announced support packages to businesses and individuals affected by the COVID-19 pandemic.  Find out more about what is available in our blog.

NSW State Budget: 2021-22

On 22 June 2021 New South Wales Honourable Dominic Perrottet delivered the 2021-22 state budget, focussing on COVID safety measures along with targeted spending to assist small business and large spending packages on infrastructure and disaster recovery. 

Year End Tax Planning for Businesses

With the end of the 2020-2021 financial year fast approaching, there are many tax planning strategies that as a business owner you need to consider and have in place before 30 June 2021.

If you haven’t done so already, now is the time to review your tax affairs to ensure you have taken advantage of relevant reliefs available to you, addressed items that need to be done, and considered planning opportunities. Our team has worked together to prepare a handy ‘Year End Tax Planning Guide for Businesses’ which is available for you to download.

2021-2022 Federal Budget Report

Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget on 11 May 2021, heralding the post-pandemic economic recovery.
A key focus of the Budget is economic recovery and delivering more jobs to Australians. It is estimated that this Budget will help to create more than 250,000 more jobs by the end of 2022-23.

Peregrine Gold debuts on the ASX

Moore Australia congratulates Peregrine Gold Limited, for listing on the ASX earlier today.
“A huge congratulations to Peregrine Gold for making its debut on the ASX – an excellent milestone and pleasing result, following an oversubscribed Initial Public Offering,” says Moore Australia (WA) Managing Partner, David Tomasi.
“It was great to see Peregrine Gold Limited close at $0.245 - comfortably above its IPO price of $0.20,” says Moore Australia (WA) Corporate Finance Director, Peter Gray.

Moore Australia client debuts on the ASX with $10m IPO

Moore Australia congratulates client Kincora Copper, for its successful listing on the Australian Stock Exchange (ASX) today.

“We are delighted to see Kincora Copper, which is already listed on Canada’s TSX Venture Exchange, dual list on ASX this morning with a $10 million Initial Public Offering (IPO),” says Moore Australia (WA) Managing Partner, David Tomasi.

2021 Fringe Benefits Tax Update

Whilst some aspects of life transition to a new “COVID-normal”, the Australian Taxation Office (ATO) continues to highlight its understanding of how COVID-19 is impacting business, and communicate some of the changes and administrative concessions relevant to employers for the Fringe Benefits Tax (FBT) year ending 31 March 2021 and beyond.

2020-21 Victorian State Budget

On 24 November 2020, the Victorian Treasurer Tim Pallas handed down the 2020-21 Victoria State Budget. The aim of the Budget is clear: to protect and create jobs, look after families, build strong and connected communities and build towards a strong economic recovery.

2021 Queensland State Budget at a glance

Queensland Treasurer, Cameron Dick, delivered the state's 2020-21 budget yesterday, on the same day the borders opened to New South Wales and Victorian travellers.  Similar to budgets released by other states, the focus is on creating jobs, while also focussing on “rebounding from COVID-19 impacts” and celebrating the success of Queensland in response to the pandemic.

Homebuilder program extended

On 29 November 2020, the Federal Government announced that the HomeBuilder program will be extended to 31 March 2021. The HomeBuilder program provides eligible owner-occupiers a grant to build a new home or substantially renovate an existing home.

JobKeeper 2.0 Revision

Following the Federal Government’s announcement regarding changes to the proposed JobKeeper 2.0 Rules, due to take effect from 28 September 2020, Treasury issued an updated factsheet this morning. Changes made to the original version of JobKeeper 2.0 are outlined below.

Budgeting and cash flow management in uncertain times

With a new financial year upon us, we are hopeful that the world, and our economy will start to thrive again.
The impact of COVID-19 may have taken its toll on your business through the end of the 2020 financial year, and rather than focus solely on the loss we are optimistic that you will start to see new opportunities, new ways of doing business and new ideas emerging.

COVID-19 and local business

Now more than even it’s important we show and demonstrate our support for local businesses and seriously consider the importance of ‘Australian made’ and changing the conscious choices we have made that have impacted our economy by rebuilding our manufacturing capability.

Navigating COVID-19 - Governance & Risk Advisory for NFP's

Effective governance and risk management is critical for NFPs to help navigate the Coronavirus (COVID-19) pandemic crisis.

Your community, organisation , partners and donors are now facing a significant number of critical risks and recognise we are in a crisis scenario. 

Risk management at this time is a proven and effective tool to guide NFPs in their planning, mitigation and response to the issues and challenges they will be facing now and in the next few months. 

Governance and Risk: Navigating the COVID-19 Crisis

Effective governance and risk management is critical for organisations to help navigate the Coronavirus COVID-19 pandemic crisis.

Organisations worldwide are now facing a significant number of critical risks and recognise we are in a crisis scenario. Risk management at this time is a proven and effective tool to guide organisations in their planning, mitigation and response to the issues and challenges they will be facing now and in the next few months. Given circumstances can change daily dynamic governance is needed to respond and mitigate these emerging risks and issues.

Coronavirus Outbreak – The potential financial reporting implications for the year ended 31 December 2019

The recent outbreak and spread of the coronavirus has now disrupted many businesses globally and has had a significant impact on financial markets. This publication focuses on the potential accounting and financial reporting implications of coronavirus that management should take into consideration when preparing the financial statements for the year ended 31 December 2019. Different considerations will apply for later accounting periods e.g. for financial statements for periods ending 31 March 2020 or other accounting periods with a reporting date subsequent to the outbreak taking place.

Government’s First Stimulus Package Announced

Earlier today the government announced a $17.6 billion stimulus package in an attempt to deal with the impact of coronavirus on the Australian economy.

Please note the below measures are subject to the relevant legislation passing through parliament. At this stage, parliament is not scheduled to resume untll 23 March.

Recent Land Tax Changes in Victoria

The Victorian Government has recently enacted changes to the land tax rules in respect of contiguous land in metropolitan Melbourne. From 1 January 2020, the principal place of residence (PPR) exemption will no longer apply to contiguous land unless the PPR land and the contiguous land are in regional Victoria. 

Ensure your company is clean as a whistle

In the flurry of activity that comes with a new financial year, you may have overlooked a significant announcement from ASIC about its changes to the Corporations Act to better protect whistleblowers. Even if you’re confident everything is ‘above board’ in your business, the new requirements are noteworthy for all public companies and large proprietary companies because it states there must be a compliant whistleblower policy in place by 1 January 2020, and made available to all employees.

Removal of Special Purpose Financial Statements – Does it impact you?

The AASB has issued ED 297 Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities.  ED 297, if approved, will remove the ability of for-profit large proprietary, unlisted public (other than companies limited by guarantee) and small foreign-controlled companies to lodge special purpose financial statements (SPFS) with ASIC (i.e. directors can no longer self-assess that they are a non-reporting entity).  Current estimates from the AASB predict 7,295 companies will be impacted by these changes.

Disclosures Required Under RDR Are Set to Tumble

ED 295 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities proposes to replace the current Reduced Disclosure Requirements (RDR) framework with a Simplified Disclosure Standard. All entities currently using the RDR framework will fall into this new regime. It is important to note the proposals in ED 295 are closely linked to those expected in the forthcoming Exposure Draft on the proposed removal of special purpose financial statements (SPFS).

To read more, please follow the link

Ask the Expert: Sub Leases

A Not-for-profit organisation provides services to remote communities in regional Australia.  In order to attract staff, they rent several houses (at market rates) for periods of 5-10 years from external parties.  Staff then rent these houses from the NFP organisation on a short term basis (normally 6 months at market rates). How is this dealt with under the new AASB 16?
Our National Head of Technical Accounting looks at the impact of the new AASB 16 leases standards on businesses with sub leases.

How incremental innovation can drastically help your business

If you are that person who thinks to be innovative your business needs to create the next great thing in the form of a new product or a new service, you are missing the whole point. Every business can bring innovation into its corporate culture just by adopting a ‘do better’ or aka incremental approach to innovation. Small changes in processes, service delivery and products can add huge value to your business with minimal impact on the expense items in your P&L. In fact, when done well, incremental innovation can be extremely profitable.

Should Loans be Classified as Current or Non-Current?


Loans that are in breach of covenants often pose difficult accounting considerations as to whether they should be classified as either current or non-current in the Statement of Financial Position.
This publication will highlight the key factors you should consider when deciding whether a loan should be classified as either current or non-current.

Wake up Australia- become PPSA compliant and register your interests! A message to owners of commercial assets who allow others to have possession of their property

When will owners of plant and equipment and other commercial assets who allow others to hold or use their property realise they need to do a PPSR registration if they want to protect themselves? Despite repeated warnings about the risk of not registering and a number of court decisions that have made the situation clear, it appears that the message that owners need to register their security interests on the PPSR is still not getting through.

The recent WA Supreme Court decision of Flown Pty Ltd v Goldrange Pty Ltd 2016 WASC 419 has once again has highlighted the problem. The case involved a commercial lease situation and certain plant and equipment that was “owned” by the lessor that were on the leased premises. The lessor had earlier provided a loan of $460k to the Lessee for the purchase of the plant and equipment that was secured by the plant and equipment and guaranteed by the directors of the lessee.