01/10/2021
The expansion of Single Touch Payroll will now require employers to report additional payroll information on payday and aims to remove the burden of manually reporting to multiple government agencies. This will come into effect on 1 January 2022. What is Single Touch Payroll? Single Touch Payroll (STP) is a mandatory obligation which commenced on […]
30/09/2021
Following the webinar on 16 September, we have collated some of the FAQs to assist you and your organisation to make these changes. What we can assist with Collating a list of all employees who have continuous service Reviewing periods of continuous employment to determine any periods of a break in service Determining average weekly […]
30/09/2021
Consider the related financial, reputational and compliance risks for your business On 1 July 2021 wage theft became a crime in Victoria and it is expected that other states will follow. The Wage Theft Bill 2020 creates new employee entitlement offences, comprising wage theft offences and new record keeping offences. It is designed to capture […]
28/09/2021
The ruling on the definition of ‘land development’ is of particular relevance to nomination arrangements under a contract of sale of land and to foreign purchasers in Victoria. In September 2020, draft ruling DA-064 on the meaning of the term ‘land development’ was released for consultation. The Victorian Commissioner’s view under the draft ruling was […]
17/09/2021
You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund. You may now need to request their ‘stapled super fund’ details from the Australian Tax Office (ATO). A stapled super fund is an existing super account of an employee that […]
03/09/2021
The NSW Government has now made rent relief assistance available to help minimise the impact of lockdown on NSW businesses with lease agreements. The relief comes following amendments to the Retail and Other Commercial Leases (COVID-19) Amendment Regulation 2021 (NSW) (‘the Regulation’) earlier this month. The amendments were passed on 13 August 2021 and provide […]
27/08/2021
The Governor in Council released the Commercial Tenancy Relief Scheme Regulations 2021 on 24 August 2021. The scheme seeks to provide rent relief to commercial tenants affected by COVID-19 and operates in a similar manner to the Regulations released in March 2020, which expired on 28 March 2021. However, there are key differences including more […]
25/08/2021
The NSW Government land tax relief is now available to commercial and residential landowners who provide a reduction in rent to tenants experiencing financial distress due to COVID-19. Following a similar scheme provided in 2020, the current program provides a reduction in land tax payable for the 2021 land tax year for eligible landowners providing […]
20/08/2021
Employers are required to review and reassess their contracts for casual employees before 27 September 2021. Review required for casual labour contracts It is a common misconception that casual employees are not entitled to any personal, annual and long service leave based on the premise that they receive a loading on hourly rates as compensation. […]
11/08/2021
SW summarises the key changes to investor visas and notes important advice from ASIC regarding who is legally allowed to provide financial investment advice in Australia. Recognising that the growth of the Business Innovation and Investment Program (BIIP) is continuing to support Australia’s post-COVID-19 recovery through the investments and other economic contributions of visa applicants, […]