Becoming a director of a company?

A company registered in Australia needs to have a minimum number of directors and a secretary. If a company does not have enough officers, it will be in breach of the Corporations Act 2001. This could result in the company paying penalties or being prosecuted for not...

Update to Recent Amendments To The Retail Leases Act NSW

Recent Amendments to the Retail Leases Act NSW have received Royal assent by the passing of the Retail Leases (Amendment) Bill 2016 NSW and there have been some significant changes to the requirements and obligations of Lessors (landlords) involving Retail Leases....

ATO reports on the most common breaches by SMSFs

The ATO has released data which shows that one of the most common breaches by a SMSF is financial assistance to a member or a related party. The legislation is clear, no one associated with your superannuation should get any financial assistance from the fund. SMSF...

Long-term casual employment

Long-term casual employment rights Many employers as well employees are unaware of the rights of long-term casual employees. According to the Fair Work Act, a long-term casual employee is an individual that: is a casual employee; and has been employed by an employer...

Travel Expenses – carrying bulky tools

Claiming eligible deductions To ensure individual taxpayers are claiming deductions eligible under the tax law, the Australian Tax Office (ATO) places certain emphasis on particular areas each year. Work related travel expense for transporting bulky tools or equipment...

Workplace giving and salary sacrifice arrangements

Employers can collect money for a  Deductible Gift Recipient (DGR) by setting up a workplace giving or salary sacrifice arrangement for their employees. It is important that the employer understands the difference between the two types of arrangements. Workplace...