How to lawfully stand down an employee
The Fair Work Act 2009 (Cth) provides an employer with the right to stand down an employee without pay where the employee cannot perform “useful work” in certain defined circumstances. The consequences of stand downs can be severe as they deprive an employee of wages or, in some instances, redundancy benefits, which is why stand […]
Guide to setting up a Fixed Trust
A fixed trust receives the benefit of the land tax threshold and minimises the land tax payable on the property held by the trust. However, not all trusts are fixed trusts. So what is a fixed trust and how can it save you from paying land tax? What is a fixed trust? A fixed trust […]
Why is practical completion important?
Practical completion (PC) a concept used in the construction industry to represent the date on which: In other words, PC does not mean that the contractor has finished all of the building works. Instead, it is the date on which the building can be used or occupied. So why is PC important and what do […]
Rights and obligations of shareholders in a company
Shareholders are enities (whether individuals, companies or trusts) that owns shares in a company. While they are not responsible for the day-to-day management of a company, they do retain certain rights and obligations in a company. The rights and obligations of a shareholder in a company depends on a number of factors, namely: We set […]
Refund of NSW Surcharge Transfer Duty and Land Tax
The NSW foreign surcharge provisions (surcharge transfer duty and land tax rules) have been deemed inconsistent with international tax treaties set up by the Australian Federal Government with New Zealand, Finland, Germany, and South Africa. The international tax treaties encompass a range of taxation and other issues and hold the weight of federal law. Therefore, […]
Why you need policies and procedures for your business
Employment policies and procedures are crucial for all businesses as they: So why should you have policies and procedures in place for your business? Do you need policies and procedures? The primary reason why businesses implement policies and procedures is to supplement the employee obligations set out in the employment contract. Policies and procedures allow […]