The Andrews Labour Government are in the process of reviewing Victoria’s Long Service Leave arrangements under the Long Service Leave Act 1992. The review will examine whether the existing arrangements meet the expectations of the community, or can be made fairer for women and people with parental responsibilities, part-time and casual employees, as well as [...]
The federal government has launched reforms to bankruptcy and insolvency laws which are expected to be legislated mid-2017. They have the potential to make it easier to bounce back from a business failure, including changing the default period for personal bankruptcies from three years to one year. Recognising that not all bankruptcies occur due to misfortune or innocent [...]
In an effort to get paid faster, the Australian Taxation Office, from 1 July 2017, will start reporting overdue small business tax debts to Credit Rating Bureaus. Initially the measure will only apply to businesses with Australian Business Numbers and tax debts over $10,000 that are at least 90 days overdue. It will not [...]
The Stamp Duty abolished for first home buyers: For properties under $600,000 the stamp duty will be completely abolished; and Discounts will now be available for properties between $600,001 to $750,000. This is a four year plan and sees even more savings for new homes built by first home buyers. Click here to read more.
