FTI Consulting (JD Supra Australia)
2020 Working Capital Report: Total Working Capital Management – the Hidden Gold Mine on Your Balance Sheet
As the historic year of 2020 draws to a close, the COVID-19 crisis has seen the global economy plunge into a deep recession, with only a glimpse of hope that the worst is now over. While COVID-19 continues to infect millions across the globe, we wanted to understand how the virus has impacted the lifeblood of every company – the working capital. How have companies reacted to rapid shifts or...
Preparing to Reopen: How to Adapt and Seize Opportunities from COVID-19
For the most part of early 2020, the COVID-19 pandemic meant near all-encompassing shutdowns, dramatically affecting many, varied businesses across a wide section of the market. Now, as the initial health fears begin to subside and forced shutdowns and isolation measures are relaxing across most states, businesses have started reopening. This comes with considerations including dealing
Social Divide 2020: FTI Consulting’s ASX 100 Social Media Performance Index
The 9th edition of our Social Divide Index revealed that ASX 100 companies are posting less on social media to communicate their company’s financial results this year yet audiences are engaging more. Both retail and institutional investors are an integral audience for any listed company and the ability to connect with this audience across multiple platforms and channels extends the...
Budget 2020-21: Infrastructure & Investment Measures to Turn Around the Australian Economy
The Australian Government’s budget, released on 6 October 2020, concedes that an economic decline will be hard to avoid over the remainder of this year, reflecting the impacts of the lockdown necessary to combat COVID-19. Real GDP is expected to fall by one and a half percent in 2020-21. The economy is then projected to turnaround and achieve growth of four and three-quarter percent in 2021-221.
COVID-19 Safe Harbour – I Just Spent Six Months in a Leaky Boat…
No one expected these immortal words by Split Enz to be so relevant during the COVID-19 pandemic. However, that is exactly how some directors may be left feeling regarding the requirements to qualify for protection from trading while insolvent under the COVID-19 Safe Harbour provisions. Please see full Publication below for more information.
Essential System Services in the National Electricity Market
Executive summary - 1. In common with most electricity systems in the world, the Australian National Electricity Market (“NEM”) has entered a period of transition as the share of generation from variable renewable generation (“VRE”) increases rapidly. The system now operates with an increasing share of non-synchronous generation (inverter-based resources (“IBR”), such as wind and solar)
Restructuring Insights: May 2020 - initial impacts of COVID-19 on Australian external administrations
FTI Consulting's restructuring experts have analysed the FY20 YTD Australian Securities and Investments Commission (ASIC) Insolvency Statistics. Here they highlight the Australian industries showing the most signs of distress, key trends amongst appointment types, and their COVID-19 predictions. Please see full Publication below for more information.
Corporate Fraud & Corruption – Australia: Annual Review 2020
In this Q&A with Financier Worldwide, Mark Pulvirenti shares his insights into the latest trends in corporate fraud & corruption in Australia including recent regulatory developments, key steps to addressing suspicions of fraud or corruption in an organisation and tips on implementing robust fraud and corruption risk management processes at your company. Originally published in
Changes to the Foreign Investment Review Board
Statutory body: Foreign Investment Review Board Website: www.firb.gov.au Australia’s Foreign Investment Review Board (FIRB) is the Commonwealth government body charged with advising the Treasurer, the Treasury Department and the Government about inbound foreign investment under the Foreign Acquisitions and Takeovers Act 1975.
Whistleblower Protection Program: New Legislative Changes – What You Need to Know
In response to long-running campaigns and public pressure, the Australian Government has amended the Corporations Act 2001 to significantly increase the protections available to corporate whistleblowers. This now provides for criminal offences and civil penalties for a person causing, or threatening, detriment to a whistleblower or breaching a whistleblower’s confidentiality, including during an...
The Restructuring Continuum: Part 2 - All Aboard! A Safe Harbor Is Your Destination
The Australian safe harbour legislation came into effect in September 2017. The objective of safe harbour is to promote entrepreneurialism and foster a turnaround culture to save businesses, rather than allow them to fail. It provides directors with comfort from personal liability for insolvent trading if they satisfy the safe harbour criteria. In the lead up to the implementation of...
Australia Modern Slavery Act Preparation: The Key To Effective Reporting
Australia’s Modern Slavery Act came into effect on 1 January 2019. While the first reporting period is not until 2020, there are several actions companies should begin now to help effectively meet reporting requirements. Australia now has Modern Slavery Reporting requirements at the Commonwealth level and in New South Wales via state legislation. Reporting guidelines were released for...