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MSI Quarterly Newsletter June 2015

MSI provides updates from its members from Australia and New Zealand for the June 2015 Quarter.

The Australia Federal Budget of 2015 brings about opportunities for small businesses. Tax relief plus the opportunity to possibly restructure are just a few of the many favourable changes the budget provides to stimulate small businesses, jobs and to offset the slowdown in mining and resources.

The New Zealand 2015 Budget contained a few unexpected changes to the travel, housing, forestry and research industries. The NZ Government has stated reducing debt, further reducing ACC levies and reducing income taxes from 2017 as some of its key fiscal priorities.

Employers must carefully review their employment contracts and policies in order to determine  the binding nature of employer workplace policies. It is important for employers to treat their employees fairly, act in accordance with existing workplace policies and seek legal advice as a preventive measure in difficult situations.

There is good news for businesses looking to sponsor overseas workers due to the changes in the 457 visa program.

Read all the latest news from MSI Global Alliance’s accounting and law firm members from across the major commercial centres in Australia and New Zealand.

written by:

McKinley Plowman