The Fair Work Act has recently been amended to change the workplace rights of casual employees. It is important that employers review the new rules, understand the new employer obligations and ensure compliance. Casual employee definition A person is a casual employee if they accept an offer for a job from an employer knowing that there is no firm advance commitment to ongoing work with an agreed pattern of work.… Read more
From 1 November 2021, if you have a new employee start, there is now an extra step to comply with if they don’t choose a super fund. Previously when your employee did not choose a superfund, you were required to pay their super to the default superfund. From 1 November, this is changing. If your employee does not choose a superfund, you will be required to check with the ATO… Read more
Business directors to obtain compulsory director ID number from November. In its 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish the new Australian Business Registry Services (ABRS), and enhance how businesses register and manage their information with the government. Although the ABRS rolls out progressively between 2021 and 2024, one of the… Read more
The Financial Planning Association (FPA) recently released a research report providing a snapshot of the money and life issues Australians are facing 18 months since the COVID-19 pandemic started. The COVID-19 pandemic has been a defining event for this generation. People’s livelihoods, social habits and outlook have been irrevocably changed. In Australia, the pandemic has served as a wake-up call to many Australians about how they manage their finances and… Read more
To many people, financial planning is perceived as something only for the wealthy. In fact, financial planning is about having long-term and short-term financial goals and developing a plan to achieve those goals, no matter your financial status. It’s about knowing how to make the most of your money – whether that’s putting a little extra into savings one month or paying off a bit of debt more quickly. The focus… Read more
In October 2021, we collaborated with one of our independent investment partners, Morningstar, to bring you an investment briefing webinar “Why investment valuations matter”. In this webinar Morningstar’s Portfolio Specialist, Clint Abraham explains why current investment markets represent a great value opportunity for investors. As we experience the largest dispersion between value and growth investment styles, Clint outlines why that matters and which industry sectors and countries are exhibiting the… Read more