Maintaining a strong and defined focus on regulatory compliance is essential for the long term viability of your business. Are you confident that your club is compliant with the following major regulatory areas?
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While new blood in the boardroom can be a good thing, the induction of new directors takes time and a degree of care. The first month for any director is crucial.
I was relaxing over the Easter weekend, reading the Courier Mail, when two articles took my attention. Seeing articles such as these comes as no surprise, however what continues to surprise me is the lack of general knowledge or commitment to robust Corporate Governance principles.
Earlier this year, Federal Parliament passed a bill, which has been around for a very long time, that is making a fundamental change to how the Privacy Act operates.
Do not be fooled, the Clubs and Pubs industry is not invisible to AUSTRAC’s eyeline. Over the past year, AUSTRAC has conducted a National Pubs and Clubs Campaign and engaged 150 Pubs and Clubs.
See the latest tender notification for the authorised sale of gaming entitlements for Clubs here.
The black economy is becoming a larger focus to the Australian Government and there are implications to Clubs’ and Hotels’ AML/CTF compliance and obligations. So how does this affect your venue?
Tabcorp was fined the highest civil penalty in Australian corporate history, $45 million, for the breach of money laundering and terrorism financing laws as a result of a civil action launched by Australian Transaction Reports and Analysis Centre (AUSTRAC).
The Christmas decorations have come down, the New Year celebrations are over and Australia Day is a distant memory, it’s time to take some relaxation time… Sorry to be the bearer of bad news, but with March comes the deadline for your AUSTRAC report.