01/10/2020
01/10/2020
Following the Premier’s announcement in August 2020 regarding the intention to extend and modify the Regulations applicable to rent relief for commercial tenancies, the Victorian Governor in Council published the Amendments on 29 September 2020. As an update to our previous alert regarding commercial tenant and landlord relief, the following Regulations and Amendments are now […]
30/09/2020
The Foreign Investment Review Board (FIRB) is required to consider the tax structure of an investment proposal when determining if the proposal is contrary to the Australian national interest. Tax Guidance Note GN 47 requires FIRB to consider the impact the investment proposal would have on Australian tax revenues and the integrity of the Australian […]
30/09/2020
Consider the related financial, reputational and compliance risks for your business. On 1 July 2021 wage theft became a crime in Victoria. The Wage Theft Bill 2020 creates new employee entitlement offences, comprising wage theft offences and new record keeping offences. It is designed to capture employers who falsify or fail to keep records for […]
26/09/2020
For the fourth year, ShineWing Australia is proud to be part of the conversation at the IMARC in 2020, taking the lead on sustainable and equitable futures by sponsoring the Renewables and Future Energy sessions. Following our recent Energy:Future event, which saw senior industry leaders and technology experts come together to discuss Australia’s future energy […]
24/09/2020
The Government has committed $50 million over two years from 2020-21 to 2021-22 for the Revitalising TAFE Campuses Across Australia program, in partnership with state and territory governments. This initiative aims to improve vocational education infrastructure ensuring TAFEs are equipped to deliver training to the standards expected by industry and students. Independent probity services We […]
24/09/2020
The Tertiary Education Quality and Standards Agency (TEQSA) has mandated the provision of more financial data as part of its Financial Viability Assessments for education providers. What is required? As part of the Financial Viability Assessments, TEQSA requires education providers to submit the financial management accounts to 30 June 2020, which includes: Balance Sheet as […]
23/09/2020
The Commissioner has finalised the ATO’s view in Taxation Determination 2020/7 confirming that capital gains are not included when calculating the Foreign Income Tax Offset (FITO) limit. Application of the law The FITO limit is determined by section 770-70 of the ITAA 1997, requiring a comparison between Australian tax payable and Australian tax that would be […]
21/09/2020
Annual grants of up to $100,000 are available to eligible wine and cider producers who foster wine tourism. The Wine Tourism and Cellar Door Grant program has been introduced to support producers who add value by encouraging visitors to wine regions and therefore encourage wine tourism. For each financial year, total funding of $10 million […]
21/09/2020
Access all of our recorded JobKeeper Payment webinars below. Our experts are providing regular updates, helping businesses to make sense of the initiative as it unfolds. JobKeeper update: 21 September 2020 ATO eligibility reviews have now begun on businesses claiming Jobkeeper 1.0 payments. For those exiting JobKeeper at the end of the month, what do […]