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Autumn 2011




    A Word from the Chairman

    The start of 2011 has seen a number of terrible natural disasters. In Australia, severe flooding hit Queensland and Victoria with Queensland suffering another blow from Cyclone Yasi. In New Zealand Christchurch was hit by a devastating earthquake that will have far reaching implications
    for the city and the region.

    Personal property securities regime

    The Personal Property Securities Act 2009 (Cth) (“PPS Act”) was passed as legislation in December 2009. Although the PPS Act has not received extensive exposure and attention, it is likely to have far reaching consequences for many businesses and the function of providing credit and finance.

    Funding business expansion

    As we rise from the depths of the GFC, businesses who have positioned themselves well – by focussing on efficiencies, should really now start to reap the benefits of those initiatives.

    Division 7A - another sting in the tail

    Those whose business structure includes a private company will most likely have confronted “Division 7A” at some stage over the 13 or so years it has been in operation.

    Have you overpaid GST?

    How sure are you that your enterprise has not provided the Commissioner of Taxation (“the Commissioner”) with a windfall gain of overpaid GST over the last four years?


    This publication is issued by Moore Stephens Australia Pty Limited ABN 88 062 181 846 (Moore Stephens Australia) exclusively for the general information of clients and staff of Moore Stephens Australia and the clients and staffof all affiliated independent accounting firms (and their related service entities) licensed to operate under the name Moore Stephens within Australia (Australian Member). The material contained in this publication is in the nature of general comment and information only and is not advice. The material should not be relied upon. Moore Stephens Australia, any Australian Member, any related entity of those persons, or any of their officers employees or representatives, will not be liable for any loss or damage arising out of or in connection with the material contained in this publication. Copyright © 2011 Moore Stephens Australia Pty Limited. All rights reserved.

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