About Megan Maybury

Megan Maybury is the Director of Government Advisory and Audit Services at Prosperity Advisers. She leads a well-recognised team that provides Audit services and Government Advisory services to Local, State and Federal Government Agencies, guiding them in strategic issues and decision making, the establishment of diligent processes and practices, and the minimisation of occupational fraud risk.

Megan also manages the Salary Packaging team nationally, providing support to charitable organisations and Governments to help them retain and attract staff by offering efficient, appealing benefits programs.

A smarter way to buy a car

If you’re planning on purchasing a new car but don’t have a lot of time or the means to do all the legwork on your own, engaging a car broker or car buying service can be an excellent option. A car buying expert can save you a lot of time and hassle and will help you secure the best possible deal.

What exactly is a car buying service?

A car buying service is a third party engaged by you, the buyer, to assist you with buying a new car. Essentially, it is a car broker’s job to make your job easier when it comes to buying a new or used car.

When purchasing a new car, a significant deal of research is recommended to ensure you’re getting the best price on the car. A car buyer will complete all this legwork for you, including researching and negotiating a price across their database of dealerships. Using their networks, they’ll be able to do this for you much faster, and often more effectively, than you’d be able to on your own.

Car buying is an end-to-end service which includes finding the car to completing the transaction; test drives will be arranged on your behalf if desired, as well as negotiating the best trade-in value on your existing car and arranging competitive finance and insurance if required.

Ultimately, the benefit of engaging a car buying service is the minimalisation of hassle and the maximisation of savings. You are placed on equal footing with professional car sellers by employing a professional car buyer who can negotiate you the best deal.

Introducing Darren Lewis, Prosperity’s car buying specialist

Prosperity is thrilled to be launching the Smart Drive car buying service, and to have Darren Lewis on board as our car buying specialist. Darren has over 25 years’ experience in Motor Vehicle and Motorcycle sales, and is passionate about achieving outstanding value and savings for his customers. His solid background in vehicle sales means he is an expert at working with dealerships and sourcing the best possible price available.

Let us do the legwork for you

Prosperity Smart Drive makes buying a car easy.

  • We do all the legwork – sourcing models, getting quotes, arranging test drives, ordering and contracts, sorting valuations and arranging delivery
  • We will save you money by getting you the best available price on your new car, and the best available trade-in value on your current car
  • Our extensive experience and expertise means we can assist you in choosing a competitive loan for your personal circumstances

Contact Darren to discuss your next new car today.

 

Prosperity Smart Drive Pty Ltd is licensed under the Motor Dealers and Repairers Act 2013; License No. MD066789

Kickbacks – Are they a problem in your Department?

Disciplinary action from the investigations into corruption in our State and Local Governments littered the press recently, with many Councils and State Government Departments now under increasing internal and external scrutiny over contracts awarded and gifts received.

So we thought it was timely to look at what constitutes a kickback, fraud or inappropriate acceptance of gifts, and offer you some tips into how you can reduce the incidence of fraud in your organisation.

Occupational fraud is defined as ‘The use of ones occupation for personal enrichment through the deliberate misuse or misapplication of the employing organisation’s resources or assets’.

It covers a wide range of potential misconduct by employees, managers and executives, but the three most common are:

Asset misappropriation:

The misuse or theft of assets belonging to an organisation. In the real world this can be as simple as the inappropriate expensing of funds, theft of items from the office, or skimming of money being paid to the organisation.

By and large asset misappropriation is the most common type of occupational fraud.

Corruption and bribery:

The use of legitimate power for illegitimate private gain. In real world application, corruption is seen often as bribery, the inappropriate request for, or receipt of gifts as kickbacks for contracts awarded or decisions made, or coercive acts like extortion, where threats of violence are used to make somebody endure or do something they otherwise would not do.

Fraudulent statements:

The deliberate creation of false statements and documents that substantially affect a business’ or persons’ decision to enter into a contract or pursue a particular course of action. In business and Government this is seen in the calculated dishonesty of those submitting for a tender or contract, misstating their financial strength; or by concealing something that should have been disclosed in the application for credit, finance or similar.

So how can you minimise the risk of occupational fraud in your organisation?

Fraud, corruption and bribery are an enormous concern for both Government and business in our modern society. Dishonesty in the awarding of contracts and the delivery of services and monies have the capacity to disarm whole divisions of Government, and retard the legitimate business development efforts of honest product and services providers.

Paul Horne, the Director of our Government Audit Division suggests these eight steps:

Prepare and publicise a written code of conduct that makes sure management knows it is their job to understand risk areas for fraud, and play an important role in reporting inappropriate behaviour.

Educate employees about what constitutes fraudulent behavior and how they can prevent and detect it in their division.

Train and motivate management to lead with incredible integrity and honesty, setting a solid example for the organisation.

Set up an anonymous fraud hotline where staff, suppliers and customers can report inappropriate activity.

Reduce the opportunity for fraud to be committed without detection by holding regular audits, and putting in place diligent internal control systems that require signoff and oversight from peers and managers.

Divide up the financial tasks that can be performed by any one individual to avoid one person being completely responsible for all financial elements.

Carefully selecting and screening employees that work in areas of concern or risk, like procurement, finance and project management.

If it all gets messy, and fraud has been found, don’t be afraid to visibly prosecute those who perpetrate it. A public prosecution increases the understanding of the risks associated with inappropriate behaviour and hopefully discourages anyone who might have been thinking it was a smart idea.

Government Fraud Prevention Program

Our Government Fraud Prevention Program takes an in-depth look into the systems, processes and the operations of your department, and prepares a plan to tackle all points of weakness. Our comprehensive audit ensures that you completely understand your fraud risks and develops a tactical implementation plan to roll out risk mitigation strategies that are specific to your requirements. It is our role to make your procurement, management and governance completely transparent.