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Victorian Build to Rent Concessions introduced

14/10/2021

The Victorian Government has introduced Build to Rent Concessions in the form of a 50% reduction in land tax and an exemption from the land tax Absentee Owner Surcharge. Build to Rent (BTR) projects which will in turn ensure Victorians have access to more rental homes and a greater range of housing options. BTR Benefits […]

Superannuation Reform

12/10/2021

In the 2020-2021 Federal Budget, the Government announced the Super Reforms – Your Future, Your Super measure. A measure aiming to reduce employees accumulating multiple super accounts when moving jobs. These changes will come into effect from 1 November 2021. What is Super Stapling? Currently, where an employee does not nominate a complying superannuation fund, […]

Property Tax Update

12/10/2021

Recent changes to land tax and duties will impact foreign property owners. Most States across Australia tinkered with their foreign owner land tax and duty regimes as part of their last budget. None of these changes were good for foreign investors. These changes mainly impact residential property but they also impact on commercial property in […]

Wind Turbines – Fixture or Chattel?

05/10/2021

Valuer General Vic v AWF Propco 2 Pty Ltd [2021] VSCA 274 handed down. The Victorian Court of Appeal has come to an unanimous judgement that ‘above ground assets’ installed on leasehold land are chattels and not fixtures. In the latest in a series of cases on wind turbines installed on leasehold land, the Victorian […]

The expansion of Single Touch Payroll

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 […]

Webinar FAQs: Changes to the treatment of casualised workforce 

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 […]

Wage theft criminalised in Victoria

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 […]

Land Development​ Victorian Final ruling DA-064

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 […]

Super choice rules will change from 1 November

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 […]

NSW rent relief for COVID-19 impacted lessees

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 […]