Blog News

29 September 2014

New penalties for SMSF’s

The ATO now has more power to deal with trustees in self-managed superannuation funds (SMSF’s) who are breaching the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act). The ATO’s extended powers to deal with breaches in SMSF’s came into force on 1 July 2014. What were the penalties that the ATO could impose before 1 […]

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30 September 2014

Providing a Personal Guarantee

If you operate your business through a company or a trust, you may be called upon from time to time to provide a personal guarantee. What is a Personal Guarantee? A personal guarantee is a commitment that if your business doesn’t do something (usually the payment of money) you will do that thing yourself. Personal […]

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22 October 2014

Why setup a company?

If you are looking to start a new business one of your first steps should be to determine the most appropriate trading structure through which to operate the business. The most common trading structures in Australia are that of a sole trader, a partnership, a company or a trust, or a combination of these. Each […]

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23 October 2014

Employee share schemes

Recently the Australian Government released a policy statement entitled ‘Industry Innovation and Competitive Agenda.’ The Agenda includes a proposal to reverse the previous Labour Government’s changes to the way in which employee share schemes (ESS) are taxed. The changes will be welcomed by businesses in particular start up companies. How are ESS currently taxed? In […]

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28 October 2014

The Australian Tax Office rules on Bitcoins

On 20 August 2014 the Australian Taxation Office (ATO) provided a number of rulings on Bitcoins. What is a Bitcoin? Essentially, Bitcoin is a digital currency used online as a method for payment. It is not physically printed, and it is not controlled by any banks. Unlike conventional currency that is based on gold or […]

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10 November 2014

Resignation or unfair dismissal?

Almost every employer can speak about the experience of employing a person whose ultimate resignation came as a relief. Relief at not having to go through the ugly process of terminating someone’s employment and possibly having to defend an unfair dismissal claim. But not every resignation is a successful bar to an unfair dismissal claim. […]

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11 November 2014

How a restaurant owner’s Facebook comment led to ‘Doxxing’

A restaurant co-owner received a barrage of abuse on Facebook after he allegedly criticised a vegan customer (and vegans generally) on the business’ Facebook page. Posting critical views about a customer’s dietary requirements and fashion sense  is probably not a way to show you value their custom. The Facebook comments have escalated to a situation […]

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18 November 2014

China-Australia Free Trade Agreement

On 17 November 2014, the Australian Government entered into a Declaration of Intent with the Chinese Government in relation to a “free trade agreement”. The Declaration of Intent marks the conclusion of the China-Australia Free Trade Agreement negotiations and lays the foundation for a watershed economic relationship between the two countries. Changes under the China-Australia […]

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16 July 2014

Fair Work Commission Cuts Penalty Rates in the Restaurant Industry

Lately, there has been much debate around the issue of penalty rates on Sundays and public holidays, particularly over the Easter holiday season, when many business owners indicated that engaging a casual employee to work over the long weekend would cost them up to $45.00 per hour. Exorbitant public holiday penalty rates seem to be […]

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19 June 2014

Update on the Stop Workplace Bullying Laws

The new bullying laws have now well and truly come into effect and the Fair Work Commission has been exercising its powers to stop workplace bullying. The first Fair Work Commission conference made the new laws. The facts of the dispute which resulted in the first conference lead by the Fair Work Commission, including the […]

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