Deadline to Amend Discretionary Trusts to Avoid Surcharge Duty and Tax

In 2019, the NSW Government proposed various changes to duty and land tax law in NSW which came into effect on 24 June 2020 The State Revenue Legislation Further Amendment Act 2020 (NSW) (“the Act”). The Act has significant implications for discretionary trusts, in particular, the proposed changes made it so trustees of discretionary trusts … Read more Deadline to Amend Discretionary Trusts to Avoid Surcharge Duty and Tax

Covid Update for Hospitality Venues

Make sure you collect accurate personal information of your customers and be careful how you use it A weekend crackdown by Health and Safety Inspectors across 410 licensed venues and hospitality premises in NSW has resulted in $50,000 worth of penalty infringement notices for breaches of COVID safety. Most of those breaches were due to … Read more Covid Update for Hospitality Venues

Does your Business fall within the Requirements of the Privacy Act?

Depending on your business’ annual turnover and how it deals with ‘personal information’, your business may be covered by the Privacy Act 1988 (Cth) (“the Act”) and need to also comply with the 13 Australian Privacy Principles. Whilst the requirement to have a Privacy Policy are not applied across the board, as business’ increasingly grow an online presence and gain access to personal information, it is risk adverse to … Read more Does your Business fall within the Requirements of the Privacy Act?

Changes to landholder duty on the transfer of shares

In NSW, you may be liable for ‘landholder duty’ when you acquire shares in a company or units in a trust that owns land (“a landholder”) with a threshold value of $2 million or more. The liability arises when you acquire a significant interest in a landholder (entitling you to 50% or more of the … Read more Changes to landholder duty on the transfer of shares

NSW Health and Safety Act Amendments Passed

Amendments to the Work Health and Safety Act 2011 (NSW) which had been before Parliament since November 2019 were finally passed by the State Legislative Council on 4 June 2020 and commenced operation on 10 June 2020. As was anticipated in our earlier article, the new laws contain significant amendments to the current Act with … Read more NSW Health and Safety Act Amendments Passed

Industrial Manslaughter – First Conviction Recorded in Australia

In a first for WHS prosecutions, on 11 June 2020, The District Court of Queensland handed down a judgement which became the first recorded conviction and sentencing under industrial manslaughter legislation in Australia. The Case Brisbane Auto Recycling Pty Limited was convicted and fined a record $3 million after pleading guilty to causing the death … Read more Industrial Manslaughter – First Conviction Recorded in Australia

NSW Commercial Leasing Regulations for Covid-19

The Retail and Other Commercial Leases (COVID-19) Regulation 2020 (NSW), which commenced on 24 April 2020, is the NSW government’s response to the National Government’s Mandatory Code. Click here to read our previous article on the Code. The Regulations are valid from 24 April 2020 until 24 October 2020 only and apply to Leases (an … Read more NSW Commercial Leasing Regulations for Covid-19

New Laws Introduced to Combat Illegal Phoenixing

The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2019 (Cth) (“the Act”) came into effect earlier this year to combat Phoenix activity. Illegal Phoenixing arises when the assets of a company are transferred for minimal, if any, value to a related company to avoid payment of the transferor company’s debts. Commonly, the transferor company is … Read more New Laws Introduced to Combat Illegal Phoenixing

‘The Hard Choices’ Webinar – 14 April 2020

If you missed our recent ‘Hard Choices’ Webinar please find a link to the presentation below. The Webinar provides a summary and analysis of the JobKeeper program with clear and succinct guidance on what this legislation means for businesses and how the program will operate. How can we help? Our expert Employment Law team can … Read more ‘The Hard Choices’ Webinar – 14 April 2020

The JobKeeper Payment Explained

On 8 April 2020, the Federal Government passed the Coronavirus Economic Response Package 2020 which authorised the introduction of the widely publicised “JobKeeper payment” for eligible employees. The JobKeeper payment is a wage supplement of $1,500.00 per fortnight (subject to PAYG tax) that is being introduced by the Federal Government to eligible businesses for eligible … Read more The JobKeeper Payment Explained