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On 12 June 2020 the Federal Government passed the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 (Bill). This Bill establishes a new lifetime registration regime for directors, under which every director is assigned a unique identifier known as a Director Identification Number (DIN) that will remain with that individual for all directorships.
Read MoreOn 21 July 2020, the Commonwealth Government announced that the JobKeeper measure will be extended by a further period of 6 months. Dubbed "JobKeeper 2.0", the 2-tiered, watered-down JobKeeper extension will apply from 28 September 2020 to 28 March 2021.
Read MoreThis week the ATO will be sending reminders to employers that the superannuation guarantee amnesty ends on 7 September 2020.
Read MoreA recent case handed down by the Administrative Appeals Tribunal reinforces the importance of insolvency practitioners exercising caution in relation to making arrangements, undertakings or agreements with employees.
Read MoreIn NSW when you buy land, you pay duty. When you buy shares in a company or units in a trust, you can also pay duty at land rates where the company or trust is considered a ‘landholder’. The NSW Government has now made it more likely that the acquisition of shares or units will be subject to duty at land rates, and also made it easier for them to collect that duty.
Read MoreThe 1st of July 2020 brought with it not just the start of a new financial year, but also a raft of changes for employers.
Read MoreWhat happens if a family member loses capacity before they have finalised their will? Do the rules of intestacy apply? Was that what was intended? Perhaps not…
Read MoreWith house prices ever rising, it is becoming increasingly common to see deceased estates dragged into the courts with family members fighting over the assets of their loved ones, because someone believes they did not get what they consider to be a fair share of the estate.
Read MoreWhy should you have a will? Without a will, you will be deemed to be intestate when you die or, in some cases, a document that does not meet the formal requirements of a will may be deemed to be your will by the Court.
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