For business, the breach is a timely warning on the importance of understanding what data is held on your customers (and should you hold it?), how it is secured, how your systems work and the process to identify gaps and deficiencies, the appropriate actions if and when a breach occurs, and the impact on your relationship to your customer. This is not something that can be outsourced to IT but a whole of business issue.
Read MoreNew guidelines for professional services firms - lawyers, architects, medical practitioners etc., came into effect on 1 July 2022.
Read MoreThe application deadline for Director ID numbers is fast approaching.
A Director ID is a unique identification number assigned to a director. It only needs to be applied for once and is valid indefinitely.
Read MoreThe Federal Budget has been brought forward to 29 March 2022. With the pandemic and the war in Ukraine we have seen a lot less commentary this year about what to expect in the Budget.
Read MoreDirectors are now required to register for a unique identification number that they will keep for life. What is it?
A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change their name, or move overseas.
Read MoreOver the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because of the transfer of wealth, but because of the polarising impact of high supply and low demand on the saleable value of a business.
Read MoreBusiness advisers will tell you that you need to begin a business with the end in mind; a phrase popularised by Michael Gerber in E-Myth. The announcement of the intended sale of Australian born fintech company Afterpay, pioneer of the 'buy now, pay later' platform, is a case in point.
Read MoreCountries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment.
Read MoreAustralia is facing a shortage of skilled labour. When the supply of staff dry up the focus often turns to retention. But the first step is to understand why people you want to stay, choose to move on?
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