Insights

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How the PPSA May be Impacting Your Business

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The Personal Property and Securities Act 2009 (Cth) (PPSA), which came into effect on 30 January 2012, changes the way in which security interests in personal property are managed across Australia. There is now one...

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Sorting the Legislative Maze Between Landowners and Developing Resource Companies

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Recent changes to mining legislation increase the burden on mining companies wishing to access land. In South Australia, amendments to the Mining Act 1971 impose additional procedural requirements on miners wishing to enter private land for exploration....

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Non-Residents May No Longer Enjoy the 50% Discount on Capital Gains

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As part of the 2012-13 Budget, the Federal Government announced it proposes to remove the 50% capital gains tax discount for non-residents on certain capital gains accrued after 7.30 pm (AEST) on 8 May 2012....

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Don’t Forget Your Building Energy Efficiency Certificate

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Since the Building Energy Efficiency Certificate (BEEC) requirements came into force late last year, the government has sent at least 150 ‘please explain’ letters. The impact of the Building Energy Efficiency Act is far-reaching. Businesses...

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Victoria Moves to a New Landholder Duty Model

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On 1 July 2012, a new landholder duty model came into force in Victoria, replacing the previous land rich duty model. The amendments to the Duties Act 2000 have expanded the number of transactions in...

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Federal Government Announces its Choice of Tax Initiatives for the Finance Industry

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The Federal Treasurer announced today that the Government will not proceed with a number of proposed initiatives which had been announced by the former Labor Government as part of the 2013-14 Budget. Among the initiatives...

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Enterprise agreement “opt-out clauses” are not a safe bet – put flexibility inside the agreement instead

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Different ways of rewarding high-performing, senior or specialist employees can be eroded when enterprise agreements require all covered employees to be treated in the same way. One solution is to allow some employees to opt...

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Magic Pudding – the ACNC’s Implementation Report

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On 12 June, the Australian Charities and Not-for-Profits Commission Implementation Taskforce released its Implementation Report, setting out the ACNC’s regulatory approach in five key action areas. These five areas are. These five areas are: 1....

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New Limited Australian Financial Services Licence (AFSL)

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A new form of financial advice licence will allow accountants to become licensed and able to provide a much broader range of financial advice than they have previously been able to. Licensees will be able...

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Two Years On, Are you Effectively Dealing with Modern Awards?

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Employers, some of whom have employees that are covered by a modern award for the first time as a result of the wider reach of the new system, have had time to familiarise themselves with...

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New Customs Licensing Conditions to be a Subject of CBFCA Member Forums in July

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There has been significant interest in the new conditions which the Australian Customs and Border Protection Service (“Customs”) is imposing on those it licenses including licensed customs brokers, warehouse operators and depot operators.  These new...

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Customs turns attention to those operating licensed premises

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In recent updates, we have referred to the actions by the Minister for Home Affairs and the Australian Customs and Border Protection Service (“Customs”) in response to perceived problems with crime, corruption and security at...

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