An offer you can refuse – when unsolicited offers don’t work

An unsolicited offer is often the catalyst for much soul searching and can develop into unwanted distraction if not managed carefully, and quickly. When first assessing an unexpected proposal,...

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Growth – a double-edged sword?

Revenue growth continues to be the key metric reported for retailers (particularly listed retailers). However, revenue growth can often be a double-edged sword. Five key factors to consider, to...

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Price alone won’t cut it in the Amazon jungle

With deep pockets, Amazon is prepared to sacrifice margin for extended periods to capture market share and establish itself as the ‘go to’ online marketplace. However, Amazon...

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Three reasons why retailers are failing

It is no surprise that there has been a significant amount of distress in the Australian retail market recently. While margins and profitability continue to be a challenge, three broader themes have...

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Are your service providers exposing you to undue risk?

Report 528, ASIC’s recent report on their findings from a proactive risk-based surveillance of 28 responsible entities, highlights some areas of non-compliance or deficiencies in the compliance...

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Why conduct an email compliance review?

Many organisations have or are considering implementing systems to protect them against inbound unsolicited emails. But what about the internal use of email in a manner that introduces increased...

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Retail networks: asset or liability?

There is more pressure on Australian retailers than ever before to rethink traditional approaches to store networks… and no, we are not just talking pop-up stores. Growth through network...

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The new battleground for luxury brands in Asia

Between 2007 and 2014, China’s luxury goods market experienced unprecedented growth. At a time when most Western countries saw a decline in luxury consumption, China grew an average of 9% p.a.,...

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Five lifestyle factors shaping retail trends

Our changing lifestyles are influencing the Australian retail landscape more than ever. There has been a shift in the consumer psyche, with consumers moving from being materialistic to...

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FCX – Chasing profits at all costs

The McGrathNicol FCX recently hosted a series of boardroom luncheons with one of the world’s leading thinkers on ethics and stakeholder theory. Professor Robert Phillips of the Robin...

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Put yourself in your customer’s shoes

Today’s leading retailers are proactively trying to better understand their customer experience. They use tools such as Net Promoter Scores (NPS), customer journeys and satisfaction surveys to...

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Integrity@WERQ – Whistleblowing practices of corporate Australia

On 3 May 2017 the official launch of the Integrity@WERQ phase of the ground-breaking “Whistling While They Work 2” research took place around the country. The project, the first of its kind in...

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Is the pub bistro dead?

Food is becoming an increasingly important part of the core offering of pubs as operators look to attract customers and maximise margin. Historically, many publicans saw the primary role of a...

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’Big Data’: Living up to its hype?

There is a lot of hype around ‘Big Data’ and along with that comes expectations. But is generating and collecting a lot of data really creating the value it promised for retailers? While there...

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David vs Goliath: How Aussie retailers can compete with Amazon

Perhaps the biggest threat posed by Amazon is the convenience it offers consumers, with 1-click checkout, 2-hour delivery and free returns being just the start. While domestic retailers might not...

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How up to date is your privacy management framework?

McGrathNicol is Partner to the Office of the Australian Information Commissioner (OAIC) and the 2017 Privacy Awareness Week (PAW), which is fast approaching. PAW is an annual initiative to promote...

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ASX 100 Cyber Health Check Report

Today the ASX released their ASX 100 Cyber Health Check Report, which is the culmination of a process of engagement with the ASX Top 100 listed companies that began back in June 2016, only a few...

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Modest moves to amend Australian foreign Bribery laws

The Attorney-General’s Department yesterday released proposed amendments to the existing Australian foreign bribery laws. Though they fall short of creating a new global benchmark for bribery and...

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White-collar crime – Empowering ASIC

After 139 submissions and a public hearing, a Senate inquiry recently released its report titled “Lifting the fear and suppressing the greed: Penalties for white-collar crime and corporate and...

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Innovation in China – Competing on the world stage

The United Nations Educational Scientific and Cultural Organisation (UNESCO) Institute of Statistics have released their latest global innovation ratings and the countries hitting the top of the list...

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How robust is your framework for appointing and monitoring financial advisers?

ASIC’s Report 515 outlines their observations and findings from a review they commenced in July 2015, on how Australia’s largest banking and financial services institutions oversee their...

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The power of an effective pricing model

Whether its high-end fashion or highly technical engineering, determining the final sales price for a product or service requires careful consideration. An effective pricing model that allows...

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ASIC’s focus this year

ASIC have just released Report 513 – ASIC Enforcement Outcomes: July to December 2016. This report not only summarises the key enforcement results by misconduct type between July and December 2016,...

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Agribusiness leveraging the success of 2016 for 2017

The 2016 financial year was an outstanding year for many agribusinesses with the exception of dairy and grains. The combination of good seasonal conditions and strong commodity prices allowed...

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Blog - commerce

China takes the lead in mobile commerce

The Australian payment ecosystem is undergoing a significant transition toward mobile based payment platforms. The change has been driven largely by developments in technology and changing...

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Blog - dashboard reporting

Drowning in financial data? Try dashboard reporting

Are you a financial manager, business owner or CFO that is provided with endless pages or emails of financial data each month? Are you required to use that information for the purposes of analysis...

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Blog - government breaches

Government taking data breaches seriously

Yesterday, in an un-amended format, the Senate passed the Privacy Amendment (Notifiable Data Breaches) Bill. This is currently awaiting Royal Assent in order to become law. Greens opponents were...

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Time for a financial fitness check?

The new year often brings a renewed focus on our personal health and fitness goals. But, six months into the financial year, January is also an opportune time to give our businesses, and perhaps...

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A welcome Christmas present for miners

2016 Bulk Commodities Review and 2017 Outlook As we approach the end of the year, bulk commodity prices are at all-time highs (in AUD) with the outlook for 2017 positive. Steel East Asia...

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To register or not to register?

Even though the introduction of the Personal Property Securities Act (“PPSA”) occurred some four years ago, many sectors of the business community still struggle to correctly register or register...

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The Registered Organisations Amendment Bill – What’s the fuss?

Tuesday morning at 2.13am the Senate passed The Fair Work (Registered Organisations) Amendment Bill 2014 with votes at 33-30 having been rejected twice by the last Parliament. The passing of this...

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Is the“Rolls Royce standard”a fallacy?

Rolls Royce was once praised as one of the United Kingdom’s great global companies* but it is increasingly facing potential prosecution over allegations it set up a complex international network of...

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2017 the year of Cyber

With the year almost over, there is a growing number of reports and research being released attempting to predict next year’s future cyber threats and targets. What we are confident of, is that...

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Hillary Clinton’s emails – How to review 650,000 emails in eight days

Hillary Clinton’s emails have been making headlines around the world again. After only eight days of investigations, FBI director James Comey confirms that they did not contain information that...

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Everyone’s an expert…

Using an expert witness in court proceedings is commonplace but what makes an expert an expert? Not just anyone can offer an opinion on the Court’s time. The legal system requires that an expert...

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Mining investment – rising prices, rising confidence?

Every time there is an upwards movement in commodity prices we start to see a rush of commentary around the potential for more investment into the resources sector in light of the “recovery” or...

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Is Cyber Risk Management in your strategic plan?

APRA recently released insights from their 2016 Cyber Security Survey. It is now well understood that cyber-attacks are becoming increasingly frequent and more sophisticated. No organisation is...

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Anti-corruption attestations worth considering

The draft ISO 37001 (Anti-Bribery Management Systems standard) has a strong focus on “tone-from-the-top” and accountability but stops short of prescribing attestations from top management...

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Self-collection in litigation – what can you do? Part 2

While we recommend engaging an independent Forensic IT practitioner whenever it is necessary to collect data from your organisation, there are some initial knowledge gathering steps that you may wish...

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Financial Crime in the government sector

McGrathNicol recently hosted a Financial Crime Exchange briefing in Melbourne as part of an ongoing series around the country. The focus of the briefing was financial crime in the Victorian...

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What’s more certain, death and taxes… and Cyber events?

You can’t blame people for thinking we might be losing the battle when it comes to cyber and information security. The recently publicised issues surrounding the Census website was just one in a...

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Are you privacy ready?

The Office of the Australian Information Commission (OAIC) has just released its Corporate Plan 2016-17. The plan identifies three challenges: promote, uphold and shape Australian information...

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The dangers of self-collection in litigation – Part 1

Collecting data from corporate environments for use in litigation is a complex task with many subtle nuances. Given the risks associated with self-collection of data, for many the process can be...

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ASIC’s Corporate Plan – client first?

ASIC’s Corporate Plan for 2016-2020 has again noted gatekeeper culture and conduct in financial services and credit as a key risk. ASIC have outlined several current and proposed projects for...

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What is the key to retail success in FY17?

Retail is a competitive game even when good economic conditions prevail, but slowing or static macro conditions put pressure on retailers who are not able to flex their model appropriately (and we...

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Cyber Resilience for AFS Licensees

ASIC have now released their Corporate Plan 2016-17 to 2019-20. One of the challenges identified in the plan is digital disruption and cyber risk. So what does that mean for licensees? ASIC...

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One size fits all? Calling all compliance tailors

One size fits all? Calling all compliance tailors

The ISO 37001 Anti-Bribery Management Systems standard offers a good framework but requires extensive tailoring to specifically suit the size and nature of your business. This new draft...

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Iron Ore Pricing - are better times ahead? Part 2

Iron Ore Pricing – are better times ahead? Part 2

There continues to be negative messages around the perceived “oversupply” of the iron ore market. This is impacting investor and lender confidence in the mining sector more broadly. We believe...

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Iron Ore Pricing – are better times ahead? Part 1

There has been a lot of speculation of late regarding the imminent downturn of iron ore prices. From a high of USD70 in April 2016, the Pilbara fines spot price declined to about USSD50+/mt before...

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Pokémon Go – Global Phenomenon or Surveillance?

The Pokémon Go phenomenon is global, but what are Niantic getting from players in return? Is the “free” gaming experience just a way of collecting and selling your personal data? Is it an...

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Top 5 factors for divestment success

We are seeing transaction activity levels increase in the mid-market. This is supported by low interest rates and increasing capital availability. However conservatism still reigns supreme and...

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Disputes

Disputes – the unwelcome and inevitable

Disputes are unwelcome but often an inevitable and necessary part of business. So what is the best approach to resolving matters that escalate past commercial discussion? This mostly depends on...

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Self-Service Analytics

The increasing popularity of self-service analytics and data discovery tools is empowering business users to perform rapid analytics without the need for traditional Business Intelligence (BI) teams....

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Ponzi Schemes – when will people learn?

Many people know the old adage and will tell everyone around them, particularly their kids, “if it sounds too good to be true, it probably is!" It is truly amazing then that so many mature and...

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Agricultural Infrastructure Part 4

There is a possible way forward for the Australian agriculture industry, however agricultural infrastructure presents unique challenges. The following matters need to be considered: suitable...

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Employee Engagement – what are the risks?

At this time of year employee satisfaction is front of mind for many. As an employer, this time of year can introduce several unique risks that are directly related to employee engagement. As...

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Agricultural Infrastructure Part 3

Post farm gate supply chains need to be better structured In some cases, agricultural facilities have been controlled by co-operatives, or owned or leased collectively. This structure has...

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Committing Workplace Fraud

With the end of the financial year upon us, many fraudsters will be making sure that the books are in apparent order in preparation for the year end audit. We might expect that most would be...

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Agricultural Infrastructure Part 2

To date, agricultural assets in Australia have suffered from a critical lack of investment stemming from the following factors: Increasing levels of regulation over time, particularly given the...

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E2E – The Explosion of Data

McGrathNicol has recently launched a new end-to-end eDiscovery (E2E) platform. As the name suggests, it is an end-to-end solution that helps analyse and manage mass amounts of electronic evidence by...

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Guidance – disclose or not disclose?

Public companies are increasingly backing away from giving guidance to the market with the number declining by 10 percentage points to 49% over the last three years. If you look at who is...

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Argenti

Argenti – Forget the vision thing!

McGrathNicol Advisory is proud to be the leading Australasian facilitator of the acclaimed Argenti System of Strategic Planning. In the words of John Argenti,"Strategy certainly isn’t simple or...

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Agricultural Infrastructure

It seemed to be a common theme in recent years, the seemingly insatiable demand for Australian agricultural produce from Asia and inbound investment confidence to match. It felt like every other day...

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Lifting the Lid on Bribery & Corruption

McGrathNicol hosted a GPO Series panel discussion on 2 June 2016. The event focused on recent allegations of foreign bribery and corruption involving Australian corporations, including why foreign...

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Cyber – Where do you start?

The term Cyber is everywhere and means a lot of different things to a lot of different people. So where do you start when tackling this important issue? In business, the answer to this question is...

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Artificial Intelligence in Litigation

With recent trends and judgements, both in the UK and US, the use of artificial intelligence (AI) in litigation and running matters is becoming the ‘norm’. To add to this, some innovative...

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Cloud Computing

Businesses are now storing increasing amounts of data in ‘the cloud’. This can be a convenient data storage solution for a business and most of the time it works very well. However, it can also...

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Cyber – People & Culture

Cyber is now a much hyped “buzz word” that hits our inbox and news feeds daily. At first, the movement came out of the depths of IT and the tech space, with technology solutions atop the shopping...

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Australia’s Cyber Security Strategy

The McGrathNicol Cyber team recently attended the launch of Australia’s re-invigorated Cyber Security Strategy, held at the Australian Technology Park in Sydney on 21 April 2016. Since the...

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