Identity Theft – How to Protect Yourself

Identity theft is a type of fraud that usually involves stealing money or obtaining other benefits by pretending to be someone else. Identity theft can occur in a number of ways – from someone using your name to open bank accounts, take out loans, make purchases or...

Personal service income and the results test – Beware!

During the 2011/12 income year, the taxpayer company (the company) entered into three agreements with BSI Contracting Pty Ltd (BSI) under which the company would provide its only director (Mr Prasad) to perform certain project management services to ASIC. In each...

Director Penalty Notices

What is a director penalty regime? The director penalty regime ensures that directors cause the company to comply with certain taxation and superannuation obligations. Directors have a responsibility to ensure that the company meets its PAYG and SGC obligations. If...

When is a director liable for Company debts?

A director can be liable for company debts in the following areas: Insolvent trading Insolvent trading occurs when a company incurs a debt that it is unable and fails to pay, at a time when a director knew, or should have known, that the company was insolvent....

Do you have Safe Work Method Statements?

What is a Safe Work Method Statement (SWMS)? A SWMS is a document which provides information that is required when undertaking High Risk Construction Work. High Risk Construction Work involves: work carried out in area with artificial extremes of temperature a risk of...

Recent Changes to Development Control Plans

What are the differences between a Development Control Plan (DCP) and a Local Environment Plan (LEP)? A DCP provides detailed planning and design guidelines to uphold the planning controls in the LEP. On the other hand, an LEP is a legal document prepared by the...
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