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Changes to fixed term contracts from 6 December 2023
The term “fixed term” covers all forms of contracts of employment which provide for a limited period of time, either by providing a specific end date, or providing for the contract to end on the occurrence of a specific event. To be considered a fixed-term contract for the purposes of the new provisions of the Fair Work Act, all that is required is that the contract provides in some way for an identifiable period, even if that period is only identifiable at the conclusion of the period.
How to manage your Division 7A loan repayments in the wake of the ATO’s interest hike
From 1 July 2023 the benchmark interest rates for complying Division 7A loans has jumped from 4.77% to 8.27%. Taxpayers should be evaluating the impact of this hike now to ensure that effective tax management is in place prior to 30 June 2024.
Can the Fair Work Act 2009 apply to international remote workers?
In the very recent case of Gautam Parimoo v Lake Resources N.L. [2023] FWC 2543 (4 October 2023) the Fair Work Commission was required to determine if it had jurisdiction to deal with a General Protections application, filed by an Argentina-based Chief Operating Officer, who was a US citizen, and who at all relevant times worked outside of Australia, but was employed by an Australian employer.
Mazars in Melbourne announces relocation to prime CBD location
On 15 November 2023, Mazars in Melbourne will be relocating to a new, central location in the heart of Melbourne's Central Business District (CBD).
Are your assets protected against risk?
If you own assets, are you sure that they have protection against risks? And how confident are you that you're minimising the impact of taxation on your returns?
Queensland Government's general practitioners payroll tax relief announcement
An announcement by the Queensland Treasurer last week has provided a welcome relief for medical practices and a clearer understanding of how payroll tax will be administered in Queensland (Qld) in relation to payments to contracted General Practitioners (GP).
Property tax tinkering in first Budget of the NSW Labor Government
NSW businesses, property buyers and owners face some tax rises as the NSW Labor Government delivered its first Budget in 13 years.
Mazars announces new partner and five senior promotions
Mazars in Australia announces the appointment of Padmini Dixit to Partner and Saqib Rahim, Yan Flageul, Joel Orbita, Adrian Citton and Jack Fuller to senior leadership positions supporting Mazars long-term strategic growth.
Bill introduces wide application of criminalisation of wage theft
On 4 September 2023, the Australian Government introduced the Closing Loopholes Bill to the Federal Parliament.
Understanding Directors’ liability for underpayments: lessons from Chatime case
Navigating the intricate and complex matrix of workplace regulation is essential for every business. A recent Federal Circuit Court case involving the co-founder of Chatime, a popular bubble-tea chain, highlights the risks inherent in being a Company Director and confirms that ignorance is not a shield from Directors' liability for underpayments to employees.