8 pieces of legislation in limbo

Legislation in limbo A budget, an election and the legislation that hasn’t made it through. The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation. Next month, on 2 April, Parliament reconvenes for the Federal Budget and it’s likely that an…

employees and workers

Misclassifying a worker as an employee

The implications of misclassifying a worker The implications of misclassifying a worker go well beyond industrial relations. If a business misclassifies an employee, it impacts on superannuation guarantee (SG), PAYG withholding, workers compensation and payroll tax. These entitlements will often need to be met even if the misclassification was a genuine mistake. For SG obligations,…

super

Employer Super quick check

Super provides income for your workers in retirement Here’s how to run a quick check of your super obligations to make sure you’ve got everything sorted. 1. Check you’re paying super to all eligible workers.     Some contractors may be entitled to super. 2. Check you’re paying the right amount.     Currently, you…

Super Guarantee Amnesty

One-off Super Guarantee Amnesty Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month. The ATO estimates that $2.85 billion is currently owed in late or missing SG payments. Running from 24 May 2018 for 12 months, the amnesty encourages…

Superannuation Guarantee Amnesty

Superannuation Guarantee Amnesty On 24 May 2018, Minister for Revenue and Financial Services announced the commencement of a 12-month Superannuation Guarantee Amnesty (the Amnesty). The Amnesty is a one-off opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty. Subject to the passage of legislation, the Amnesty will be available from 24 May 2018 to 23 May 2019. Employers…

employees and workers

Directors not paying SG on ATO hit list

Directors on ‘hit list’ for not paying employee super Proposed legislation would see the ATO pursue criminal charges against Directors who fail to meet their superannuation guarantee (SG) obligations. An analysis by Industry Super Australia submitted to the Economics References Committee into Wage Theft and Superannuation Guarantee Non-compliance indicates that employers failed to pay an…

Young businessman standing over a young businesswoman sleeping on a couch --- Image by © Royalty-Free/Corbis

What’s changing in 2018?

What’s on the cards for 2018?  We highlight major changes for 2 financial-year milestones – Jan and July – most of which we covered in 2017.  Take a moment to refamiliarise, especially the 10 major changes that kick off from July 2018. 1 January 2018 Vacancy fees for foreign acquisitions of residential land. An annual…