Recent News

Bad Advice and Willful Blindness – Personal Liability for Third Party Advisors

Accountants, payroll providers and HR consultants liable for Client’s Wages Underpayment. We found out last year that a HR manager was personally liable for unlawful employee salary deductions made by the company: see the link to the OzStaff case below. This year, an accountant was found personally liable for its client’s underpayment of its employees. […]

High Income Threshold and Compensation Cap for Unfair Dismissal Applications – 1 July 2017

Employers should be alert to changes to worker entitlements effective 1 July 2017:  Unfair Dismissal High Income Threshold Compensation Cap for Unfair Dismissal Redundancy Tax Free Amount Employment Termination Payments (ETP) Lower Tax Rate Cap Superannuation Maximum Contribution Base Increases in Civil Penalties for Breaches of the Fair Work Act Unfair Dismissal High Income Threshold […]

Tax Efficient or Efficiently Taxed? The Hidden Questions that Show We Might Be Too Trusting in Trusts

When establishing a testamentary trust or seeking estate planning guidance, the goal is to conserve and grow assets. Specifically, we want an instrument that will provide the flexibility to distribute assets and income to our dependants and to capitalise on tax benefits after death. But are trusts always suitable? The recent decision of Soo v […]

Invest Now or Cry Later: Stamp Duty Discounts for Investors abolished in Victoria

Investors looking to diversify into the Victorian property market should note that existing  concessions for stamp duty relief for off the plan purchases will be abolished from 1 July 2017. The Victorian Government announced that stamp duty (land transfer duty) savings for investors buying property off the plan will not apply for investors for contracts […]

10 Times the Fines, 10 Times the Hassle: The Fair Work Amendment Bill 2017

Franchisors and Parent Companies Feeling Vulnerable to Super Fines The Fair Work Amendment (Protecting Vulnerable Workers) Bill 2017, is designed to protect vulnerable workers from exploitation by employers.  The Bill is expected to pass through the Senate without much trouble. It is the Coalition’s response to the systematic underpayment of workers by franchisees in the […]

Collective Sale and Renewal

Apartment blocks are being unlocked for redevelopment – this presents opportunities, and challenges, for owners and developers alike! There is a shortage of housing, the Australian dollar is cheap and foreign buyers seem keen to buy our real estate. The NSW government has announced changes to strata laws to enable strata owners to redevelop their […]

Change of Trustee Concession Rules

When the trustee of your trust retires, or you appoint a new trustee, you usually only pay nominal stamp duty of $50. The Chief Commission of Stamp Duties looks at the transfer of property carefully to check that the transfer is not really giving someone new the benefit of the property. The old rules required […]

Comply or Face the Consequences: Not-for-Profits on Notice

Religious organisations and not-for-profits are on notice following a recent Fair Work Case.  You must get it right with all your workers and check whether they are covered by a modern Award. A man on a religious worker visa worked in a Hindu Temple in Melbourne for 18 months. He complained about being underpaid for […]

Going for PBI? Want DGR status? There are new guidelines from the ACNC

New Interpretation Guidance for Public Benevolent Institutions (PBIs) When not-for-profits want Public Benevolent Institution (PBI) status, the first stop is the Australian Charities and Not-for-profits Commission (ACNC), and they have guidelines about what is required to get this status. The ACNC publishes the criteria it uses.  In future, NFPs should look at the new Commissioner’s […]

Does your Charity have the Tick?

The Australian Charities and Not-for-Profits Commission (ACNC), has launched a ‘registered Charity Tick.’ The ACNC hopes the Tick will encourage public confidence in the charities sector. The tick may also act as an incentive for charities to meet ACNC requirements. Not-for-Profit organisations that are not registered charities cannot use the Tick. If you are running […]