The latest news and articles on Federal & State tax, financial, legal and statutory legislation that effects personal wealth and business owners.

Malcolm Turnbull will be sworn in as Australia's 29th prime minister today

Posted by Azure Group on September 14, 2015 under Legislation

The big news in Australia this morning is that Malcolm Turnbull will become our new prime minister today after he beat Tony Abbott 54-44 in a ballot for the Liberal leadership last night.

Quick Facts – The Intergenerational Report 2015

Posted by Azure Group on March 11, 2015 under Legislation

With The Intergenerational Report taking place every five years, the latest findings have been splashed all over the media and we thought it would be a good idea to provide the quick facts on what came out of the report.

How to harness new opportunities in today’s market

Posted by Michael Derin on March 05, 2015 under Legislation

Michael Derin provides context around running a business in Australia's current economic and political climate and looks at ways business owners can ensure their business is safeguarded and profitable during these turbulent times.

Murray report: SMSF borrowing ban stirring questions

Posted by Azure Group on January 04, 2015 under Legislation

The recent Financial Systems Inquiry report saw a number of recommendations that could significantly change the economic landscape of Australia. One of the most talked about recommendations was that of banning SMSF borrowing due to the risk to the taxpayer should the fund collapse.

Are you compliant under the new Franchising Code?

Posted by on December 22, 2014 under Legislation

If you’re involved in franchising, changes to the Franchising Code of Conduct come to play from 1 January 2015. Learn more about these key changes to ensure your current agreements are compliant.

What does the Mid-Year Economic and Fiscal Outlook mean for business?

Posted by on December 15, 2014 under Legislation

The Mid-Year Economic and Fiscal Outlook (MYEFO) was released today and it’s clearly showing a grim outlook for Australian business with revenue declining and cost increasing – not quite the path to profit that we desperately need.

Long-overdue changes to taxation of employee share schemes announced

Posted by Jack Qi on October 15, 2014 under Legislation

The government has announced some details on plans to amend the law in order to support Australia’s start-up sector. The changes were announced as part of the government’s $400m Industry Innovation and Competitiveness Agenda. We outline what you need to know and practical tips on how to take full ad…

What your obligations are under the Personal Property Securities Act

Posted by Azure Group on January 28, 2014 under Legislation

You have until 31 January to ensure that any transitional security interests are properly dealt with and perfected under the Personal Property Securities Act 2009.

WEBINAR: After Australia’s Longest Election Campaign – What Next for Employers?

Posted by Michael Derin on October 25, 2013 under Legislation

Now that we finally have some certainty about who will be governing Australia for the next three years, the question on employers’ lips is “What’s going to be the likely effect on my business?” Although the next government’s legislative agenda remains to be finalised, WorkplaceInfo & WorkplaceOHS’ t…

What does a Coalition government mean for SMEs?

Posted by on September 09, 2013 under Legislation

With Prime Minister elect Tony Abbott stating our nation is once again ‘open for business’, there is no better time to take a look at the policy changes that will directly affect SMEs post-election. Change in government inevitably changes the business landscape, and the policy changes that the Coali…

Superannuation & Payroll Tax changes

Posted by on June 26, 2013 under Legislation

It’s that time of the year again, and as an employer you need to be aware of the impending changes to HR & Payroll. To simplify this for you, Azure Group have summarised the two key changes which will come into effect from 1 July 2013 that you need to act on.

Prepare for new WHS laws

Posted by on January 17, 2012 under Legislation

y Tanya Moran Previously we discussed workers’ compensation and reporting disclosure inclusions for premium assessments. This month we’ll discuss what you can do to start the process of complying with the new work health and safety (WHS) laws that were introduced on 1 January 2012. Unless you…

Workers' compensation traps

Posted by on November 15, 2011 under Legislation

Often state or nationwide wage audit campaigns are undertaken to assess whether business entities that pay and declare wages are paying the appropriate premiums and adhering to the regulated Workers’ Compensation Act relevant to each state. Workers’ compensation law gives WorkCover and its Scheme…

"Stronger Super" reforms and the Government response to the Cooper Review

Posted by on January 19, 2011 under Legislation

An update on the Government reforms affecting self managed super fiunds (SMSFs) as put forward by the recent Cooper Review.

Paid Parental Leave information for employers

Posted by on December 13, 2010 under Legislation

Following our previous article on 24 June 2010 in respect to the Government’s Paid Parental Leave (GPPL), many business owners have had questions regarding their responsibilities with payments to employees.

Changes to the dividend payment rules

Posted by on September 07, 2010 under Legislation

Effective from 28 June 2010 your company may pay dividends other than out of company profits provided certain requirements are met.

Corporate reporting reform for Companies Limited by Guarantee

Posted by on September 07, 2010 under Legislation

Recent changes, which came into effect on 28 June 2010, may affect your company's financial reporting obligations with ASIC.

Potential tax reforms and the Federal election

Posted by on August 06, 2010 under Legislation

A summary of some of the proposed changes and reforms affecting SMEs put forward by the leading parties in the lead up to the 2010 Federal election

Current National Employment Standards

Posted by on July 14, 2010 under Legislation

A summary of the current National Employment Standards

Fairer work conditions

Posted by on June 28, 2010 under Legislation

By Hamsini Renugadevan, Financial Accountant The legal conditions and obligations of employing staff are quite intricate and it is imperative that businesses stay up to date with changes to workplace relations legislation.  Last week I attended a workplace relations training course provided by the…