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Payday Super and DPNs: The Uncertain Road Ahead for Directors
From 1 July 2026, superannuation must be paid every payday, not quarterly. While much has been written about payroll and compliance impacts, the real issue for directors is far sharper: Payday Super fundamentally alters the practical risk under the Director Penalty Notice regime.
Don’t Trust the Number: How to Read and Challenge a Valuation Report
Most SME valuations in Australia use the Capitalisation of Future Maintainable Earnings method. It's simple, practical, and widely accepted. But small judgement calls about “maintainable” earnings, and the multiple can easily move value by 30–50%.
A valuation is only as good as the assumptions underneath it. Knowing which assumptions to challenge, and how, is what turns a thick report into actionable advice.
The Elephant in the Room (Pre-Packs)
This is the sixth article in a series of articles aimed at informing directors of their duties and options for small to medium enterprises if faced with insolvency or financial distress. We now look at one of the more controversial mechanisms to restructure a business, being what is commonly referred to as a pre-pack transaction.