It has been an uncertain year and it is coming to an end with the holiday season fast approaching. Now’s the time to start preparing and checking Employment Rules. TASMANIAN PUBLIC HOLIDAYS FOR 2021 IN TASMANIA Friday 1 January (New Year’s Day) Tuesday 26 January (Australia Day) Monday 8 February (Royal Hobart Regatta – […]
NEWS
PRACTICE UPDATE – DECEMBER 2020
Improvements to be made to full expensing measure The government will expand eligibility for the temporary ‘full expensing measure’, which temporarily allows certain businesses to deduct the full cost of eligible depreciable assets in the year they are first used or installed. The government will also allow businesses to opt out of temporary full expensing […]
EMPLOYMENT RELATIONS NEWS – NOVEMBER 2020
VARIED AWARDS The Fair Work Commission is extensively varying existing Awards, as a result of the 4-yearly review of Modern Awards. A number of Awards have recently been varied, including: – Pastoral Award 2020 – Pharmaceutical Industry Award 2020 – Electrical, Electronic & Communications Contracting Industry Award 2020 – Fitness Industry Award 2020 – Horticulture […]
PRACTICE UPDATE – NOVEMBER 2020
Tax cuts pass Parliament The Government announced various tax measures in the 2020 Budget on 6 October 2020, and it was able to secure passage of legislation containing some of the important measures very shortly afterwards, as summarised below. Tax relief for individuals The Government brought forward ‘Stage two’ of their Personal Income Tax Plan […]
PRACTICE UPDATE – SEPTEMBER 2020
Superannuation guarantee rate increase update Recently, arguments both for and against increasing the rate of compulsory superannuation guarantee (‘SG’) have continued to be tossed around! The SG is the compulsory amount of superannuation an employer must pay into an eligible employee’s chosen super fund. The rate of SG has been frozen at 9.5% of an […]