The Commonwealth Government has announced a 12-month amnesty for employers to self-report underpaid superannuation amounts, during which period the usual penalties for underpayment (non-deductible payments and administrative penalties) will not apply. The amnesty period ends on 24 May 2019.
Read MoreWhat is a sale on a 'retention of title' basis?
It is a conditional sale. The supplier remains the owner of the goods being sold until the goods are paid for in full by the purchaser. This transaction is now deemed to be a secured transaction.
Read MoreThe Australian Treasury recently reviewed the Australian Consumer Law (ACL) and is seeking feedback from businesses and consumers to have their say on proposed reforms to clarify, simplify and modernise the consumer guarantee framework in the ACL.
Read MoreCyber fraud is a global problem that is continuing to grow in volume and sophistication. The Law Society of NSW have advised that the legal industry is currently being targeted by hackers. These attacks generally involve gaining access to real email trails and then impersonating the client and/or solicitor and providing incorrect bank account and contact details.
Read MoreIRS announces its Offshore Voluntary Disclosure Program will be coming to an end
The IRS has announced that its Offshore Voluntary Disclosure Program (OVDP) will end on 28 September 2018.
Read MoreThe Personal Property Securities Act 2009 (Cth) (PPSA) has been in effect for over 6 years, yet many businesses are still unaware of the existence and the wide-reaching impact of the PPSA.
Read MoreWhen buying or selling residential property, sometimes you also need to buy more time.
If you're a buyer looking to redevelop a property, you may need time to conduct due diligence or obtain development approval. You don't want to lock yourself in, but you also don't want to let other buyers swoop in and snaffle the property while you're still making inquiries.
Read MoreYou will need to take extra care to safeguard the unauthorised access, loss or disclosure of personal information.
On 22 February 2018, the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) will take effect to introduce a new notifiable data breach scheme (NDB Scheme).
Read MoreYou now need to take extra care to safeguard the unauthorised disclosure of a client's tax file number (TFN).
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