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PPB Advisory Professionals Connect Insights – May 2012

The Personal Property Securities Act took effect in January 2012 when the PPS Register commenced. Whilst it is early days for the operation of the new legislation and the register, it is becoming clear that businesses are yet to fully understand the practical implications of the new system. In this Insight, we discuss some of those challenges.

02/05/2012 read more
PPB Advisory Professionals Connect Insights - October 2011

This Insight comprises a case study highlighting the absolute requirement of adequate due diligence and a properly executed Shareholders’ Agreement prior to commencing business, and the substantial costs that may be incurred if these are not completed.

21/10/2011 read more
PPB Advisory Professionals Connect Insights - August 2011

Practical implications of the Personal Property Securities Act
Across Australia from October 2011, various Commonwealth, state and territory registers of encumbered assets will be folded into the new, national Personal Property Securities (PPS) Register. This Insight provides important information for accountants, auditors and advisors to ensure that you’re ready for this change and  can advise your clients appropriately. Registration on the new PPS Register will be critical to ensuring that individuals and companies have valid and enforceable claims over assets.
 

02/08/2011 read more
PPB Advisory Professionals Connect Insights - June 2011

While Managed Investment Schemes (MIS) have increased in popularity over the past few years due to the related tax advantages, the collapse of a number of high profile schemes has highlighted the need to exercise caution when investing in an MIS. This Insight discusses investors’ rights and the options available to them when an MIS becomes insolvent.

29/06/2011 read more
PPB Advisory Professionals Connect Insights June 2011

This Professionals Connect Insight focuses on the expected consequences for directors following amendments to legislation, effective 1 July 2011. The changes were announced in the 2011-2012 Federal Budget.

20/05/2011 read more
PPB Advisory Professionals Connect Insights - Employing IT forensics to avoid negligence claims May 2011

This Insight discusses how PPB Advisory’s IT forensics team was able to track down and rebuild data, discover information relating to false loans and provide details on how those loans were created. The team also uncovered the measures that the company’s directors used to disguise improper loans.

29/03/2011 read more
PPB Advisory Professionals Connect Insights February 2011

ATO issuing more Director Penalty Notices - what to look out for

This Insight recaps the recent changes in legislation and provides an example of a Notice of Intended Legal Action and a DPN to assist in recognising these documents.

22/02/2011 read more
Professionals Connect Insights February 2011

Minimising risk for professional advisors.

Beware – you could be exposed
PPB Advisory has recently investigated and reported on a number of matters where auditors are potentially exposed to claims by secured creditors (banks), trade creditors and shareholders after the financial collapse of a company. The potential exposure is often due to those auditors overlooking the basics.

03/02/2011 read more
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