For those of you who are frequent on line shoppers on overseas websites, last Friday’s announcement from the Federal and State Treasurers to scrap the GST exemption for imported goods and services purchased for less than $1,000 would have been disappointing news. As of 1 July 2017, GST will be payable on all imported goods and services purchased...
Read MoreThe 2015-16 State Budget introduced a number of much welcomed stamp duty changes. The most significant of these changes relate to an abolition of stamp duty on business transactions and share transfers in private companies.As of 18 June 2015, the following take effect: In light of the above changes, a review of your personal business...
Read MoreIt is that time of the year again where the Fair Work Commission announces its annual wage review. As of 1 July 2015 there is a 2.5% increase to minimum wages. This change applies to workers employed under the national minimum wage or a modern award. The increase will see the national minimum wage increase to $656.90 per week or $17.29 per...
Read More(Family Court of Australia and Federal Circuit Court of Australia) In these Courts a party to the proceedings (for instance the husband or the wife) can issue a legal document to a third party called a subpoena. This legal document can compel the third party to produce documents, evidence or to testify. The Third Party can be a person or entity (su...
Read MoreIn August 2014, the ATO released Taxation Ruling 2014/5. This ruling confirmed that the payment of money or transfer of property from the profits of a private company on the basis of a Family Court order under section 79 of the Family Law Act 1975 (Cth) gives rise to a Division 7A dividend being paid from the company to the recipient spouse. This...
Read MoreGiven the type of lives we now live in, it’s not surprising for flexible working arrangements to become part and parcel of working life. The National Employment Standards, which apply to all employees under the national workplace laws give an employee the right to request flexible working arrangements from their
Read MoreWith the new year having just come and gone, now would be a good time to reflect on whether there were major changes that occurred to you over the past 12 months – changes which would require you to seriously consider either making a new Will or updating your existing one.Have any of the following changes or events occurred recently?
Read MoreThe types of documents a party may be asked to provide by way of disclosure are: 1. A copy of your most recent Superannuation statement. A printout from your MyGov account might be very helpful. 2. A copy of any Trust Deed where you may have an interest. 3. A copy of bank or credit union statements (including credit cards/store cards), or any lo...
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