ASIC Focus on Non-Compliance for Large Proprietary Company Audits in 2026
ASIC is increasing enforcement in 2026 as many large proprietary companies remain non‑compliant with audit and lodgement obligations following the removal of grandfathering exemptions. Recent ASIC reviews found significant failures to lodge audited financial reports, prompting a stronger regulatory response. Companies are urged to review their reporting status and address any non‑compliance promptly.
Drought Preparedness Grants
Queensland primary producers may be eligible for funding of up to $50,000 to invest in permanent infrastructure that improves drought preparedness. Drought Preparedness Grants, administered by QRIDA, support proactive measures aligned with a Farm Business Resilience Plan and remain open until funding is exhausted.
Supporting Rural and Regional Queensland After the Floods
Queensland’s recent flooding has placed enormous pressure on rural and regional communities, with significant damage across North, North West and Central Queensland. New funding of $26.6 million has been released to help primary producers and local businesses recover, offering grants for clean up, reinstatement and ongoing operational support through QRIDA.
Is It Time To Move Accounting Software?
With major ATO changes on the horizon and increasing compliance requirements, businesses are rethinking their accounting software. Xero is leading the way with smart features that simplify payroll, superannuation, and reporting. Could now be the right time for you to make the switch?
ATO Cracks Down on Personal Services Income: What Consultants and Contractors Need to Know
The ATO is cracking down on income earned from personal skills, especially when routed through companies or trusts and shared with family members. New guidelines on Personal Services Income (PSI) set out compliance risks and tests for genuine business activity. Contractors and consultants should review their structures now to avoid penalties.
Holiday Office Closure Dates
Hall Chadwick QLD offices will be closed during the holiday period.
