KSW International Insight Newsletter | May 2021


May 2021 | Volume 12
KSW Newsletter for our international associates

Stanley & Williamson rebrands to adopt Kreston name 

Our firm Stanley & Williamson has rebranded as Kreston Stanley Williamson on 24 May 2021, adding the name of global accountancy network Kreston International as part of our identity. 

“Membership of the Kreston International network has been an important part of our journey to date, and the adoption of the Kreston brand is a natural next step for the firm. We continue to evolve to meet the needs of local clients whose international footprint is being established or expanded, or global clients which are seeking to establish a presence in Australia.”
Michael Goodrick, Managing Partner 

Our official announcement is (here) on our newly re-vamped website – krestonsw.com.au

For further information, contact our team on +61 2 9923 2666 or info@krestonsw.com.au

What the Australian Budget changes mean to foreign clients

This year’s Federal Budget, brought down on 11 May 2021, has provided some changes to tax measures that could affect our foreign clients. Our full article summarises the latest announcements by the Australian Government which will become law once legislation passes both Houses of Parliament.


We have written this newsletter specifically for overseas advisors, with the aim of keeping you abreast of specific developments and changes that are occurring in Australia.

These changes might effect your business, and some of your clients, so we hope that you find the articles interesting and useful.

If you would like further information about anything within this newsletter, please feel free to get in touch with Darren or Michael – their contact details are below.

Michael Goodrick, Managing Partner 

I am happy to help you if there is anything from this newsletter that you need clarification on. Feel free to contact me via email by clicking here.

Darren O’Malley, Partner 

As Kreston Stanley Williamson’s head of Taxation, please feel free to contact me to discuss anything raised in this newsletter. You can send me an email by clicking here.

Setting up in Australia? Do you use a Branch or a Subsidiary?

When a foreign business decides to trade in Australia, one of the first decisions it needs to make is which structure will work best for them.  The choice generally comes down to whether to operate through an Australian branch of their existing overseas entity, or to incorporate a subsidiary. Our Head of International Taxation, Darren O’Malley has analysed both options to give our clients a better understanding before making that critical decision. See Darren’s full article here.  


For general information on tax and other regulatory issues facing foreign business looking to trade in Australia, we have prepared a ‘Doing Business in Australia’ document.

We hope that it is helpful, and would welcome any queries or feedback you may have. Click hereif you’d like to read it.

Correct as of 27 May 2021

This newsletter has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the newsletter is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this newsletter, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under Professional Standards legislation. 

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