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Posts Tagged ‘news’
Understanding the Closing Loopholes Bill (No 2)
March 7th, 2024Australia's employment landscape is on the cusp of significant transformation with the recent passage of the Closing Loopholes Bill No 2 through the Senate on 8 February. Aimed at tightening the reins on workplace practices, this legislation brings to the fore new protections for employees, casual and gig workers, along with a revised legal definitionread more
WA Property Market Update February 2024
February 28th, 20242023 emerged as a year of robust growth and significant transformations in the WA Property Market, with more of the same expected through February and the rest of 2024. Anchored by increasing median house prices in Perth, the market demonstrated resilience and appeal and maintained its status as the second most affordable capital city inread more
The Impact of Interest Rates on Your UK Pension Transfer
February 23rd, 2024Following several years of the RBA keeping Australia’s Cash Rate Target below 1.00%, successive interest rate rises throughout 2022 has seen the cash rate reach highs not seen in over a decade. While the focus on rate rises is the impact on inflation, the stock market or local property markets, less is understood about theread more
Unfair Contract Terms (UCTs) – Australian Businesses on Notice
February 14th, 2024Australian business owners are now on notice, following significant changes to the Unfair Contract Terms (UCT) regime under the Australian Consumer Law, effective from 9 November 2023. The changes are aimed at protecting Australian businesses and consumers, and ensuring standard form contracts are fair to all parties. This legislation brings with it substantial penalties, soread more
Urgent: Have You Applied for Your Director ID Yet?
February 7th, 2024Back in 2021, we covered in an article the rollout of Director IDs by the Australian Business Registry Services (ABRS) – a measure intended to combat fraud and security issues in Australian businesses. Now we’re in 2024, the ABRS continues to engage with directors of companies that haven’t yet met their obligations – meaning ifread more
WA Property Market Update January 2024
January 31st, 2024As we see out January and venture further into 2024, the Western Australian property market presents a landscape of opportunity and resilience, having weathered economic fluctuations and policy changes in 2023. Last year was a testament to the market's robustness, with Perth’s property market experiencing substantial growth, where other markets struggled. Now looking ahead toread more
Understanding Stage 3 Tax Cuts
January 30th, 2024You’ve doubtless heard the term “Stage 3 Tax Cuts” in the headlines recently, but what’s it all about? The Australian Government is set to implement significant changes to the tax system with Stage 3 Tax Cuts, initially legislated a few years ago under the Morrison government. The federal cabinet has recently approved adjustments to thisread more
Does My Business Need to Pay Payroll Tax?
January 24th, 2024As a business owner in Australia, navigating the complex landscape of taxes and employer obligations can be challenging, and payroll tax is no different. Legislative changes in mid-2023 means it’s as important as ever to stay informed and compliant with payroll tax laws, and understanding it is key. This includes knowing if your business isread more
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