Home' InDaily : November 6th 2009 Contents NOVEMBER
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or telephone 08 8228 3800.
Providing People Solutions
& Solutions for People
November 6 - 12, 2009
KMT Partners Information provided by the
Institute of Chartered Accountants Australia
KMT Partners is a chartered
established in 2001 providing
advisory and compliance
Its target market is the
owners of small to medium
business with turnovers of
between $1 and $10 million.
It focuses on helping clients
achieve their individual and
business goals and financial
It specialises in assisting
clients with business com-
mencement and its continuing
management. Transition from
business or work to retire-
ment and maximising the
client's retirement income via
or other relevant strategies
is a major part of its service.
Using the latest technology
and thinking the company
aims to provide the best
business and wealth solutions.
KMT Partners has 10
employees and strategic
alliances with consultants
in specialised areas such
as entrepreneurship and
commercial risk analysis.
There are two principals, a
manager and senior account-
ant, intermediate accountant
and graduates as well as a
bookeeper, financial planner
Katalin Toth (Kathy) is a
Fellow of the Institute of
Chartered Accountants in
Australia with 24 years in
professional practice. Kathy
has a multicultural back-
ground and is the Honorary
Consul for the Republic of
Hungary with jurisdiction in
SA. She deals with many expat
clients and provides advice to
SMEs, helping them deal with
grants, private and public
fundraising and risk manage-
She holds a degree in
directorship and is a member
of the Institute of Company
Directors. Kathy advises
corporate clients of their
responsibilities in this area
and has been a member of
several boards of private
companies and not-for-profits.
Michael Fox is a Fellow of
the Institute of Chartered
Accountants in Australia
with 24 years' experience,
recently completing a Masters
of Entrepreneurship at the
University of Adelaide.
He provides commercial
and taxation advice to
entrepreneurial and family
SME businesses oriented to
significant growth, includ-
ing dealing with business
planning, succession planning
and wealth transfer issues.
Areas of specialty
Kathy holds a graduate
diploma in forensic account-
ing from Monash University
and produces expert reports
on commercial, matrimonial
and insurance-related issues
with a view to litigation
support as an expert witness
Michael is an accredited
family business advisor with
Family Business Australia,
specialising in transition with
family members and their
He is a member of the
global Society of Trustee and
Executor Professionals and
involved in establishing a
branch in SA with a special
interest in business families.
Michael has been mentoring
emerging business for more
than 15 years and is involved
in the SAYES scheme. In
addition, KMT Partners has
for several years participated
in the "E Challenge" of the
University of Adelaide ECIC,
providing mentorship and
other expertise to participat-
What makes your
The directors have taken
specific paths to ensure they
are uniquely qualified and
commercial needs of entre-
preneurial businesses with a
focus on the unique business
and family member issues of a
their business through
and investment advice for
those operating a business,
persuing their employment
goals and in their retirement.
trustee and estate planning
adviser for individuals,
executors and businesses.
Kathy Toth and Michael Fox at the KMT Partners offices.
Photo: Kate Elmes
The new Law Society of SA President
wants to work at the coalface of
legal practice governance and make
Richard Mellows was elected
president at the Law Society AGM last
month. He has been involved with the
organisation for six years and has a
strong background of community work
in clubs such as APEX.
When Mr Mellows graduated with a
University of Adelaide law degree in the
early 70s he was immediately admitted
as a barrister and solicitor. Since then he
has gained a degree in arts and a master
He has worked in firms of various
sizes, including Kelly&Co, Scammell
and Co and as a sole practitioner.
Based at Torrens Chambers he
specialises in family law, inheritance
and succession law, compensation law
and commercial law.
The legal profession is changing, with
the development of national standards
in the pipeline. Mr Mellows says it's a
daunting task entering the presidency at
"There are some major challenges at
the federal level but we want to make
sure we take this opportunity to have a
look at ourselves and improve," he said.
While Mr Mellows is not against
national regulation of things such as
legal education, legal aid funding, and
billing and trust fund regulation he says
it is important each state is consulted.
"I'm disappointed by the fact we don't
have the opportunity to get in there at
the coalface with these decisions. There
are a lot of issues to be considered and
addressed and they're not easy issues to
deal with," he said.
Once reforms were finalised it made
sense to administer them at the state
"We believe very strongly our law
society does a good job at having input
into those issues. We are in the best
position to deal with them," he said.
"It would cost more to handle those
things at a national level and in turn
that would impact on the cost of legal
practice, which is an expense that would
be handed on to clients."
Making legal help accessible to all
socio-economic groups is another of Mr
Mellows' major aims as president.
"That's a justice issue and that's an
important issue. How are we going to
provide help for the people who most
need it?" he said.
This issue would be addressed as part
of the national reforms and through
better communication between the
public and the profession, Mr Mellows
"Making sure our consumers know
their rights and what they can do to
be on the right side of the law is really
important. We need to encourage people
to be preventative about legal action,"
Making legal action
accessible for all
Making sure our
consumers know their
rights and what they can
do to be on the right side of
the law is really important.
We need to encourage
people to be preventative
about legal action.
New Law Society
of South Australia
Photo Kate Elmes.
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