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March 2019

I’ve worked really hard and things are taken care of…or are they?

You’ve worked really hard for a long time, made big sacrifices…family time, early mornings, late nights, taken risks and it has paid off. Time for you to enjoy the fruit of your labour that has been made possible by your sacrifices.   Unexpectedly something comes out of the woodwork and you find yourself in a legal battle. You didn’t expect this and suddenly everything you’ve worked so hard for could be gone. Have you done everything you can to protect your assets?

IFRS 16 Leases and the Mining Industry

The International Accounting Standards Board (IASB) issued IFRS 16 Leases on 13 January 2016.  Revising the lease accounting requirements was first added to the IASB’s agenda in 2006, since then a number of exposure drafts have been issued and hotly debated.

Should Loans be Classified as Current or Non-Current?

Issue 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.  

Upcoming Federal Election – Potential big changes ahead

Tax will be one of the big ticket items of this year’s Federal Election. With this in mind, many clients are questioning the potential impact of tax changes on their personal and business affairs.  

Moore Stephens Team Reflects On The 25th Annual Investing In African Mining INDABA

Moore Stephens partners from across Africa and the world gathered at a bumper Investing in African Mining Indaba in Cape Town in February. This year’s 25th anniversary Indaba was marked by more optimism than in the past few years.   “It was a lot more positive this year,” said David Tomasi, Global Sector Leader for Energy, Mining and Renewables (EMR) for Moore Stephens International. Moore Stephens partners from across Africa and the world gathered at a bumper Investing in African Mining Indaba in Cape Town in February. This year’s 25th anniversary Indaba was marked by more optimism than in the past few years.   “It was a lot more positive this year,” said David Tomasi, Global Sector Leader for Energy, Mining and Renewables (EMR) for Moore Stephens International.

Not so private practice

If you’ve been in the unfortunate physical state to warrant a visit to your local physiotherapist or podiatrist recently, you may have noticed the mismatched waiting room furniture and dog-eared reading material has been replaced. Instead, you’re more likely to find thoughtfully designed lounge areas that maximise the opportunity to sell wellbeing products to a captured audience, not to mention herb-infused water served with a not-so tatty glossy.  

After the trust is gone

At Moore Stephens, we’re left optimistic by the 76 recommendations of Commissioner Hayne’s final report. Why? The report endorsed what we’ve always believed – compliance is critical to putting our clients' needs first.