The Turnbull Government has drafted legislative reforms to support investment in innovative fintech companies by venture capital and angel investors, Treasurer Scott Morrison has announced. Released yesterday for a public consultation period ending Friday, 10 November, the exposure draft of the Treasury Laws Amendment (2017 Measures No. #) Bill 2017 proposes amendments to the Tax […]
Company directors will be issued with unique identification numbers as part of Federal Government reforms designed deter and penalise directors who engage in illegal phoenixing activity. The reforms were announced this week by Minister for Revenue and Financial Services, Kelly O’Dwyer, who said illegal phoenixing – the stripping and transfer of assets from one company […]
The Turnbull government has been cautious in making changes to parental leave. The previous Abbott government had a generous package in planning, but that was shelved, and with Turnbull at the helm, the LNP has put on hold further proposed changes to the parental leave scheme that were aimed to address “double dipping,” where […]
In the last ten or so years, internships have boomed in Australia – perhaps following the example set in America where young people routinely work for free to make themselves more employable. Back home, internships have certainly become commonplace, and with good reason. Why not take advantage of free labour if it’s on offer? The […]
With just nine weeks to go until the federal election, this year’s budget announcement wasn’t the free-for-all that the electorate came accustomed to in budget/election combo in years past. While there were a number of clear losers, small business definitively emerged with a blue ribbon. From July 1 small business will get a tax cut […]
MYOB has rated the Federal Government’s 2016 Budget a 9/10 for its positive impact on Australian Small and Medium sized businesses – saying the initiatives are welcomed but could have gone further and faster. MYOB congratulates the Federal Government on again recognising the power of SMEs in driving the Australian economy especially as it transitions away […]
NSW Business Chamber supports the 2016 budget stating that small and medium businesses across NSW have been given the opportunity to grow, innovate and employ more staff as a result of a supportive 2016-17 Federal Budget released by the Turnbull Government. NSW Business Chamber CEO Stephen Cartwright said, “For some time we have been articulating […]
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