361-370 of 536 results
Financial advice relief – all talk and no-action
We said at the outset of this pandemic that financial advice will play an important role in supporting members who are considering whether to access their super early. Alive to that, ASIC recently released a series of measures to facilitate access to financial advice ...
The simple case of the SIS Act 'best interests' obligation
Commissioner Hayne's comments in his final report, and the surge of community interest in super, have resulted in a renaissance of sorts for the 'best interests' obligation. ...
A pathway to sensible, long-lasting reform – the Federal Government's 'JobMaker' agenda
In a briefing to the National Press Club on 26 May 2020, Prime Minister Scott Morrison outlined the Federal Government's 'JobMaker' agenda as a key aspect of its plan for economic recovery from the CO ...
Easing of COVID-19 restrictions prompts return to work planning
States and territories have recently eased the restrictions on business closures and public gatherings, prompting a wave of return to work planning. However, businesses need to be aware of a variety o ...
JobKeeper fortnights – do two fortnights equal a month?
The Fair Work Commission (the FWC) has released an opinion on how to deal with monthly paid employees under the JobKeeper scheme.1 ...
Varying redundancy payments due to COVID-19 hardship
For some employers, managing the impact of COVID-19 on their business may ultimately involve making redundancies, and some may struggle to meet their obligations to employees with respect to redundancy pay. This article considers this scenario in the context of two recent Fair Work Commission decisions. ...
ASIC's new work schedule and priorities in light of the COVID-19 crisis
On 14 April, ASIC published a media release detailing changes to its regulatory framework and priorities in light of COVID-19. This follows an earlier statement by ASIC, which indicated that it would temporarily change its regulatory work and priorities to allow it and regulated entities to focus on the impact of COVID-19. ...
PNG's response to COVID-19
The World Health Organization declared the coronavirus disease 2019, or 'COVID-19', a global pandemic on 11 March 2020. As of 16 April 2020, most countries around the world have reported cases of COVI ...
Buyers and sellers beware! Expenditure deductions denied and gains taxed as income
Recent decisions handed down by both the High Court and Federal Court in relation to the 'income/capital distinction' and 'blackhole expenditure' have produced a mix of predictable and unexpected, but generally unfavourable, outcomes for taxpayers. Most buyers have been denied deductions for the pur ...