News Articles for KPMG

Western Australian businessman Roger Hussey has been remembered by his colleagues as an intelligent and energetic contributor to the local community, following his death yesterday.

Azure Capital, KPMG and Bis Industries are among the local businesses that have signed on for a series of outdoor events later this month for Starlight Children Foundation's 2017 Great Adventure Ch

Uranium miner Paladin Energy, which at its peak was one of WA's most valuable companies, has lost its battle to stay afloat after creditor Electricite de France demanded repayment of a $US277 million ($A370 million) debt.

Alison Kitchen will become the first woman in Australia to chair a big four professional services firm when she takes on the role at KPMG Australia later this year.

Local charities and corporates are turning to an online platform to more efficiently source and gift items for people in need.

A week after the Federal Court ordered a wind-up of Macro Group, the corporate watchdog has sought the same action for a number of special purpose companies connected with the failed Pilbara-based property developer.

The Federal Court has granted the corporate watchdog's request to wind-up Pilbara-based property developer Macro Group, appointing representatives of KPMG as liquidators today.

Professional services organisation KPMG hopes to better assist companies affected by changes to foreign worker laws after acquiring the Chamber of Commerce and Industry of WA's migration services division for an undisclosed sum.

Belgium and Luxembourg have been among the biggest contributors to growing overseas investment in Australia, as the level of foreign-owned assets in Australia doubled in the past 10 years to hit nearly $3.2 trillion at the end of calendar 2016.

The balancing act that allowed Australia's big four banks to lift their combined first-half cash profit to $15.6 billion is getting more precarious, analysts say.

Corporate Australia wants Canberra to deliver wider tax cuts for business and boost "good" spending in the federal budget next week, even as it urges the politicians to agree on a quicker path to a budget surplus.

Perth entrepreneur Steve Tobin is gearing up for an expansion of oil and gas and minerals exploration in Australia, after selling a majority stake in Terrex Seismic to a private equity group to fund the acquisition of what he believes is a breakthrough technology.

Chinese direct investment in Western Australia was more than 10 times higher last year than it had been in calendar 2015, according to the latest data compiled by KPMG and the University of Sydney.

Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.

Waste water treatment company De.Mem has debuted strongly on the Australian Securities Exchange, after completing a $4.5 million initial public offering.

The top Western Australian company in this year's Energise accelerator program is developing an ambitious plan for robotic on-site manufacturing of equipment it believes will boost safety and dramatically cut costs at open pit mines.

Building upgrades in the Perth CBD are bringing the city's workplaces in line with the best offices available worldwide.

Niobium explorer Cradle Resources has recommended shareholders accept a takeover offer from joint venture partner Tremont Investments, which values the target at $55 million.

Employment provider Programmed hopes to increase the number of indigenous employees in the national workforce by 5,000 within a decade, the company said at an announcement with Prime Minister Malcolm Turnbull and Generation One founder Andrew Forrest in Canberra today.

SPECIAL REPORT: Contractors face hurdles as they bid for work with major companies, and suggest a more open approach might bring benefits.

The corporate regulator has asked the Federal Court to appoint representatives of KPMG as liquidators of several subsidiaries of Pilbara-based property developer Macro Group.

Former Grant Thornton partner Matthew Donnelly and former Perth Airport executive Fiona Lander have brought to seven the number of external recruits to join Deloitte's Perth partnership in the past five months, offsetting moves by other partners such as Jenn Morris, who has retired from the firm.

Emeco Holdings today sent out a mammoth 811 pages of documentation for its revised restructuring scheme, and buried inside is a breakdown of fees showing that, while its lawyers will get paid more, the company's financial advisers will take a haircut after the first restructuring scheme fell over.

Perth is renowned as a hub for mining and energy technology, so why do so many local firms end up in foreign hands?

The lure of increasingly affordable commercial rents in the CBD has drawn boutique investment advisory firm Jindalee Partners from Subiaco.

Initiatives to encourage indigenous entrepreneurship such as accelerators, incubators and a government-backed venture capital fund were part of a suite of policies recommended by KPMG at the recent Indigenous Business, Enterprise and Corporations Conference held at the University of Western Australia.

An increase in office vacancies in Perth's CBD has shifted the market dynamic clearly in favour of tenants, but despite a historically high level of empty floors, there is little choice for companies that need a lot of space.

Local explorer Cassini Resources has attracted OZ Minerals as a joint venture partner for its West Musgrave nickel-copper project.

Global accounting giant KPMG and insurance group CGU have joined a host of firms searching through Perth's 400,000-plus square metres of vacant office space for new homes.

A credit rating downgrade could cost more than $1 billion in extra interest bills, but higher taxes to balance the budget is not the solution, according to KPMG Economics.

Kirstin Stewart has been appointed a partner in the business services team of HLB Mann Judd's Perth office.

Five Perth-based junior miners and explorers have announced plans to raise a combined $29.8 million to fund ongoing work at their respective projects, with Excelsior Gold also attracting a new cornerstone investor.

SPECIAL REPORT: Growing infrastructure needs and a diminishing capacity to fund them is a major challenge for WA, according to key players who attended a recent Business News forum.

Castillo Copper has appointed Nicole Fernandes as a non-executive director and Tim Slate as its joint company secretary.

KPMG's global uranium commodity expert Derek Meates has joined KPMG in Perth.

Tax reductions earned plaudits from the business community, with the budget's cuts in both tax company and income tax burdens likely to inspire confidence, particularly in Western Australia.

An increase of the small business tax threshold to $10 million and a reduction of the company tax rate to 27.5 per cent from July 1 is the first step in a plan to hit a rate of 25 per cent in a decade, Treasurer Scott Morrison said in his first budget.

SPECIAL REPORT: Western Australia's next major greenfields liquefied natural gas project could be a decade away after Woodside last month decided against further progressing its Browse floating LNG facility.

A local financial services firm has been unable to secure its clients' data following the failure of its east coast-based execution broker.

Daniel AshtonGravity Group – Boost Mobeel PerthOwner, directorDANIEL Ashton says he has always been entrepreneurial.