Publications & News
Changes for employers are on the horizon: Key Amendments from the Closing Loopholes bill
The Fair Work Legislation Amendment (Closing Loopholes No. 2) Act 2024 (“Closing Loopholes No. 2 Act”) received Royal Assent on 26 February 2024, marking the second wave of reforms to the Fair Work Act 2009 (Cth) (“FW Act”) under the Albanese Government. Employers should be aware that The Closing Loopholes No. 2 Act implements changes which include rights for casual workers, protections for independent contractors, the definition of employees and employers, civil penalty, and wage...
Commercial and Industrial Property Tax Reform – What does it actually mean?
The reform will implement change progressively from 1 July 2024 and will look like this: This reform presents an enormous change in future transaction costs and could have huge implications on vendor and purchaser decision making – ensuring you have the right advice is critical so please get in touch if there are any gaps at all in your understanding of the changes or if you think you might benefit from some advice before your...
DEATH AND TAXES – Do you have to lodge a tax return for a deceased estate?
Assets can include shareholdings, unpaid present entitlements from trusts, real property (including rental income) and personal property (such as collections – cars / coins / art). Subject to the wishes of the Deceased, some of these assets may need to be sold, transferred to beneficiaries, or held on trust. Until assets are transferred to beneficiaries, they may continue to produce an income for the estate. Any tax return lodged for an estate is called a...
Payroll Tax – Medical Centres and Contracted Practitioners
The recent SRO Ruling (PTA-041) on 11 August 2023, confirms the SRO’s stance on the payroll tax obligations of medical centres including “dental clinics, physiotherapy practices, radiology centres and similar healthcare providers who contract with medical, dental and other health practitioners or their entities (‘practitioners’) to provide patients with access to the services of practitioners” Part 3, Division 7 of the Payroll Tax Act 2007 (Vic) states that if a...
