Managing the administration of a deceased estate during a time of grieving can be overwhelming. As the executor of the estate you may be wondering where to begin. The executor is responsible for managing and protecting the assets of the deceased until those assets have been passed on to the beneficiaries. The executor must avoid […]
The Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019, which received Royal Assent in March 2019, aims to encourage appropriate whistleblowing, improve the protections for whistleblowers and make employers accountable for protecting whistleblowers. The new requirements The new regime began on 1 July 2019, and includes amendments to the Corporations Act 2001 (Cth). This applies […]
One issue that is creating discussion for many schools is the requirement for employers to pay superannuation guarantee contributions on annual leave loading amounts. The ATO recently reiterated their position that these leave loading payments are generally considered to be part of an employee’s ordinary time earnings (OTE). We outlined in our recent ‘Update on […]
The Australian Taxation Office has now released the final version of its ruling on the ‘in Australia’ tests for DGRs and tax exempt entities. There is a different test for DGRs than for tax exempt entities. DGRs For DGRs, there is a requirement that the fund, authority or institution be ‘in Australia’. The term ‘in […]
In the last budget, the Federal Government announced it would create a new deductible gift recipient (DGR) category for men and women sheds. There are currently about 1,000 sheds around Australia which have a valuable role in reducing social isolation and improving mental health within our communities. The government has now released draft legislation to […]
The ACNC has issued some guidance for charities who provide gifts or honorariums to individuals. The ACNC is concerned that charities may not be complying with the ACNC governance standards in relation to these gifts. Where charities provide small one-off gifts to show their appreciation to individuals who are important to the organisation, the charity […]
New legislation has just been passed by the Government that affects tax on your home if you live at the time of the sale overseas. If you sell your Australian main residence when you are foreign resident for tax purposes you will now typically be liable to Capital Gains Tax. The tax would be calculated […]
With Christmas spirits high, tax doesn’t usually come to mind when employers are buying gifts for their staff. Employers can avoid FBT by providing employees with gifts that cost less than $300 per employee. This threshold applies to each benefit provided, not to the total value of all associated benefits. Employers should also be aware […]
Over 1 billion people worldwide live with some kind of disability – they’re the world’s largest minority. 80% of people living with disability live in the world’s poorest countries; they’re the most disadvantaged. CBM works in ways to transform the lives of people in poverty with disabilities. CBM focus on: • Preventing blindness • Ending […]
At our recent employer obligations seminar, our guest presenter reported how labour hire arrangements in Victoria must now be licensed in accordance with the Labour Hire Licensing Act 2018. A labour hire arrangement is where an individual or organisation (known as the “provider”) in the course of conducting a business supplies individuals to work in […]
Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present.
Level 1, 20 Albert Street, Blackburn VIC 3130
PO Box 1212, Blackburn North VIC 3130
contact@sawarddawson.com.au | +61 3 9894 2500
Liability limited by a scheme approved under Professional Standards Legislation.
