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Franchising Code – Compilation 8

A further version of the Franchising Code of Conduct has been released, which incorporates all the recent amendments into a new compilation of the Franchising Code. This is called Compilation 8 and Franchisors must guarantee Compilation 8 is used when providing disclosure. As you may remember from our recent article Changes to the Franchising Code, on […]

Changes to the Franchising Code

Are you a franchisor? By 14 November 2022, you will be required to upload key disclosure information to the Franchise Disclosure Register for prospective franchisees to view. The Franchise Disclosure Register is a free self-service tool to help prospective franchisees make informed decisions before entering into a franchise agreement. It gives prospective franchise buyers, current franchisees and professional advisers […]

Media release | SW Accountants & Advisors proudly appoints four new partners

SW is delighted to announce further growth in the partner ranks, with four senior appointments to partner, Sejla Kadric, Michael Qin, Rick Hemphill and Yang Shi, effective 1 July 2022. These partners are based in the Melbourne office and service clients nationally and internationally. “A very sincere congratulations to our four new partners. Their appointments […]

How will multinationals “pay their fair share” under the new Government?

The Australian Labor Party (ALP) steered clear of controversial tax debate during the Federal Election campaign this year. However, with the ALP forming Government, many people are wondering what to expect in terms of tax reform. Whilst the important details of the framework have yet to be released (and remain the subject of an intended […]

Media release | SW Accountants & Advisors expands Sydney presence

SW is excited to announce that effective 4 July 2022, Greg Will, Principal and leader of advisory and accounting services for Armstrong Dawson, a respected Sydney based firm, will be joining our growing national firm. “We are very proud to attract such a talented and experienced partner in the Sydney market. Greg has worked in […]

NSW property tax reform

The NSW Government has announced first home buyers will be able to choose to pay an annual property tax instead of stamp duty. This significant proposed property tax reform aims to reduce the upfront cost for purchasing a home. First home buyers purchasing properties up to $1.5m as their principal residence will now be able […]

QLD State Budget Overview 2022/23

The Queensland 2022/23 Budget includes increased mental health support, payroll tax relief and mining companies face higher coal royalty rates. Queensland Treasurer, Cameron Dick, has handed down his 3rd budget as part of the government’s plan for economic recovery from the Covid-19 pandemic. Revenue measures announced as part of the 2022–23 Queensland Budget, include: a […]

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 […]

ASIC announces financial reporting changes for AFS licensees

Following changes to the accounting standards, ASIC has given long-awaited clarity to Australian financial services (AFS) licensees, announcing new financial reporting requirements. This announcement on Friday 3 June effectively removes annual special purpose financial statements as an option for AFSL holders. Under the new reporting requirements, many AFS licensees’ annual financial reports must be prepared […]

Property funds | Tax & Accounting technical training

In the lead up to financial year-end, our property fund experts offered an online tax and accounting training session specifically for property funds. The training session provided the opportunity to maintain and develop expertise in managing the compliance for property funds, and assist with processes when working with an accounting firm such as ours. The […]