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When planning for your retirement, the lifestyle you want to achieve is an important consideration and the starting point for setting your long-term wealth creation plans. Increasing life expectancies can make it tricky to estimate how much income you will need for your retirement but forward planning can make all the difference.
Many companies preparing financial statements in accordance with the Corporations Act 2001, other legislation, their constituting documents or other agreements will be prevented from preparing Special Purpose Financial Statements.
At the same time, the existing Tier 2 Reduced Disclosure Regime (RDR) will be replaced by new disclosure requirements.
Martin Olde explains the impacts.