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Intimate Image Abuse now a Crime

New Criminal Offences Attorney General Mark Speakman recently announced the commencement of new criminal offences to protect victims from intimate image abuse. Perpetrators now face a maximum sentence of three years jail and an $11,000 fine. Mr Speakman said the new...

Prorata Long Service Leave (LSL) Entitlements

Discover your Long Service Leave Entitlements Pro rata means in proportion. For the purposes of Long Service Leave (LSL), a pro rata entitlement is a proportion of the entitlement the employee would have received if they had worked until the end of the period required...

Economic update – Spring 2017

Spring is finally here and it’s not just nature showing signs of growth; the Australian economy is also bearing fruit. Spring Economy: Most of the top 200 ASX-listed companies have now announced their results for the 2017 financial year and the overall report card is...

Foreign Resident Capital Gains Withholding (FRCGW) tax

The Foreign Resident Capital Gains Withholding (FRCGW) regime requires the purchaser of certain assets to withhold and remit to the ATO a portion of the purchase price on or before settlement, unless the vendor can demonstrate it was an Australian resident at the time...

SMSF borrowing from related parties

You are permitted to borrow money against your home loan or other financial resource to lend to your SMSF to help finance the purchase of an investment property within your superannuation fund. How to Borrow to benefit your SMSF Depending on the type of property...

Are you self employed? Do you insure your income?

Your major asset is not your house, not your superannuation, not your car but your ability to earn an income. What is Income Protection Insurance? Income protection insurance insures your income. It replaces the income lost through your inability to work due to injury...

Update: Vendor Disclosure Requirement

From 1 September 2017, the Conveyancing (Sale of Land) Regulation 2017 will come into effect. The Regulation introduces new disclosure requirements for sale of land Contracts. New Additions Breakdown The Regulation requires the following additional documents to be...