Socials

Socials

Increase to national minimum wage

The Fair Work Commission has increased the national minimum wage by 5.2% or roughly $1 an hour to $21.38 an hour. The Hospitality and Tourism sector, along with other hard hit industries like Aviation, has been given a temporary reprieve with the wage increase to apply from 1 October 2022. The wage increase however has […]

Broader university exemption for Windfall Gains Tax, VIC

Further to legislation passed in November 2021, current proposed amendments to Victoria’s Windfall Gains Tax expands exemption for universities. Introduction of Bill includes a further exemption State Taxation and Treasury Legislation Amendment Bill 2022 (part 8) provides an exemption from the Windfall Gains Tax for land owned by a university in certain circumstances.  Background The […]

Is Bitcoin now legal in China?

A civil case ruling involving Bitcoin in the Shanghai People’s Court this month has prompted speculation regarding China’s stance on the legality of cryptocurrency. The wider implications, however, remain to be seen. China’s ban on crypto In September 2021, the People’s Bank of China (PBOC), along with nine other authorities including the Supreme People’s Court […]

VIC State Budget 2022/23 – Property & infrastructure

The Victorian Government has continued its emphasis on infrastructure investment in this Budget with a focus on schools, health facilities and social and affordable housing. Significant measures New infrastructure spending: $1.6bn for construction and development of new schools and school upgrades $1.6bn for construction and development of new hospitals, health facilities and related upgrades $2.6bn […]

SW presents at National Retail EXPO

Connect with visionary attendees from all corners of the industry at the NRXpo and explore the future of retail. SW’s Danny Armstrong and Nick Michael join an impressive line up of experts to share their insights about how to successfully operate in international markets. The National Retail Association and BNPL giant Klarna are proud to […]

NSW significantly expands stamp duty regime

Broad ranging stamp duty amendments currently being considered in NSW include extending duty to change of beneficial ownership transactions, expanding anti-avoidance provisions, increasing penalties for SGEs and introducing promoter penalties. On 23 March 2022, the State Revenue and Fines Legislation Amendment (Miscellaneous) Bill 2022 (NSW) was introduced into the New South Wales Legislative Assembly. The […]

Australia’s Patent Box Incentive – What are we expecting?

As we await the passing of the eagerly anticipated Patent Box legislation, SW looks at the current details for eligible medical or biotechnology patents, who can benefit from the regime, and how it is expected to encourage innovative R&D investment in Australia. It has become increasingly important for Australia to attract for R&D investment on […]

Innovations & regulation – the future of crypto

As cryptocurrency moves beyond the periphery of financial services into the mainstream, most people now understand the basics of crypto, but its independence from regulated systems and the pace of its evolution remain problematic for governments. Since the first transaction of bitcoin in 2009, new cryptocurrencies, networks, platforms and brokers have been established and continue […]

Chris Dexter, Partner

Director, Business & Private Client Advisory
Chris has 16 years’ experience in assisting private clients and large private family groups with all of their accounting and taxation requirements. He works with SMEs and Family business groups to create plans and strategies that adapt to each individual client. Chris brings a diverse background in accounting, advisory and financial services which allows him […]

Jeremy Wicht, Partner

Director, Business and Private Client Advisory
Jeremy has over 20 years’ experience across a broad range of clients from family businesses to multi-nationals. He specialises in high growth industries and has assisted clients from the very beginning through expansion to acquisition and tax effective sale. Jeremy prides himself on being available to his clients to assist them to make the right […]