Sometimes you look back and notice how the pendulum has swung. In some decades you notice a move towards free enterprise and the removal of regulatory obstacles. Then you notice a time period where the regulatory obligations have increased. In this update we discuss a number of areas of law that suggest we have continued to move to a more onerous regulatory regime. This is perhaps the theme of the last decade (or more).

The risk of error has been magnified – the duties on the common company director have increased and the penalties for getting it wrong are increasing. This is certainly a toxic combination. The need to get advice to ensure you have met your obligations is certainly increasing. This edition of “The Bottom Line” has a number of articles that alert you to the various minefields that have arisen lately. And this is before you consider the latest tax proposals being debated that ask entities to self disclose all areas of tax law that might be considered “debatable” in their tax returns.

Grab your (security) blanket and enjoy our winter edition of “The Bottom Line”.


Contact

Stephen Humphrys
T +61 2 8236 7700
shumphrys@moorestephens.com.au

www.moorestephens.com.au