The ACCC has again displayed its appetite for enforcing the law when it comes to unfair contract terms.
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Do you have residential property held in a company or a unit trust and you don't want to pay the foreign person land tax or duty surcharges? - read on…
While there has been a lot of focus from law firms on the need to amend trust deeds for discretionary trusts that own residential land in NSW, little attention has been paid to the impact of the measures on a company or unit trust where a discretionary trust owns shares or units in the company or unit trust.
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The Coronavirus Economic Response Package (JobKeeper Payments) Amendments Bill 2020, dubbed "JobKeeper 2.0", is set to drastically cut the number of businesses eligible for the JobKeeper wage subsidy, when it takes effect from 28 September 2020. After last minute changes to the JobKeeper 2.0 legislation, passed last week, newly-ineligible employers will maintain access to some workplace flexibility measures.
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The Australian Securities and Investments Commission (ASIC) has published COVID-19 and financial hardship: ASIC's expectations of retail lenders when loan repayment deferral ends, outlining its expectations of lenders when the 6-month mortgage deferrals introduced at the start of the COVID-19 pandemic expire.
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On 12 June 2020 the Federal Government passed the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 (Bill). This Bill establishes a new lifetime registration regime for directors, under which every director is assigned a unique identifier known as a Director Identification Number (DIN) that will remain with that individual for all directorships.
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On 21 July 2020, the Commonwealth Government announced that the JobKeeper measure will be extended by a further period of 6 months. Dubbed "JobKeeper 2.0", the 2-tiered, watered-down JobKeeper extension will apply from 28 September 2020 to 28 March 2021.
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In NSW when you buy land, you pay duty. When you buy shares in a company or units in a trust, you can also pay duty at land rates where the company or trust is considered a ‘landholder’. The NSW Government has now made it more likely that the acquisition of shares or units will be subject to duty at land rates, and also made it easier for them to collect that duty.
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The 1st of July 2020 brought with it not just the start of a new financial year, but also a raft of changes for employers.
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The Commonwealth government has recently introduced and announced some key changes to the COVID-19 stimulus measures.
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