Lease incentives continue to be a major constituent in attracting first-rate long-term commercial tenants. Incentives can be relatively simple arrangements, such as cash payments and rent free periods, to more complex arrangements combining multiple factors.
On 7 November 2014 ASIC announced its focus areas for 31 December 2014 financial reports (14-294MR). ASIC’s surveillance program is targeted at listed entities and other entities of public interest, with a large number and wide range of stakeholders.
The Government has announced the long awaited reforms to the tax treatment of Employee Share Schemes (ESS), with new rules proposed to apply from 1 July 2015.
Fraud is typically committed by employees who work in finance or in finance related roles, hold a senior management position, are often long standing employees, and are motivated by greed and lifestyle factors, such as gambling. In short, it is likely to be committed by a trusted manager.