What is a Statement of Wishes?
This article is supplied courtesy of Kells Your Lawyers https://www.kells.com.au/insights/wills/what-is-a-statement-of-wishes/ A Statement of Wishes, also known as a Letter or Memorandum of Wishes, can be a very valuable addition to estate planning and communicating with loved ones after death. A Statement of Wishes is not legally binding, rather it is an informal and private document that accompanies your Will. The Statement of Wishes can be updated as you need, without having to change your Will. A Statement of Wishes can help guide and assist your executors when the time comes to administer your estate and can be very beneficial. It …
Electronic execution of company documents
This article was supplied courtesy of Kells Your Lawyers https://www.kells.com.au/insights/business/back-to-the-future-electronic-execution-of-company-documents-possible-again/ Introduction On 10 August 2021, the Federal Government passed the Treasury Laws Amendment (2021 Measures No.1) Bill 2021 (the Bill), enabling the electronic execution and split execution of company documents under section 127 of the Corporations Act 2001 (Cth) (the Corporations Act). The Bill also permits the remote witnessing of the fixing of a company seal for the purposes of execution under section 127 of the Corporations Act. The new rules came into effect on 13 August 2021 and will only apply temporarily, until they automatically expire on 1 April 2022. The Amendments The Bill …
Services Australia – Pandemic Leave Disaster Payment
If you need to isolate, quarantine or care for someone with COVID-19 you may be able to access financial support from Services Australia. Eligibility Criteria You may be found eligible if a health official has instructed you to self isolate or quarantine due to the following: You have Coronavirus (COVID-19) are a close contact of a person who has COVID-19 You are caring for a child 16yrs or younger who has COVID-19 You are caring for a child, 16yrs or younger, who is a close contact of a person with COVID-19 If you are a carer for someone who has …
Free Business Support Programs on offer from Wollongong City Council Application date extended
Wollongong City Council has partnered with Investible to empower local businesses by providing the education, support and tools they need to grow their business into the future. Council is pleased to announce the launch of 2 FREE programs, commencing this Spring. What is on offer? Primed to Thrive Program The focus will be upon Retail & Hospitality sectors who have been heavily impacted by COVID 19. The program is designed to empower small business owners by providing them with tools, frameworks & strategies needed to remain competitive within today’s digital landscape. Duration: 10 weeks online. Thrive Program 20 Wollongong businesses, …
Do your Employees need to register their travel for work?
Your employees will need to register for travel if they: Are an authorised from a LGA of concern and need to leave the area for work; Are a worker entering a LGA of concern for work; Need to travel 50Kms outside of Greater Sydney (this no longer includes Shellharbour and the Central Coast) How to Register for Travel Your employee will need a MyServiceNSW Account and provide their: Contact details Travel details and dates Dependents name and phone number, if applicable. When the application has been completed your employees will receive their travel registration via email. You must have you …
Award Rate Increase 1st July 2021 – Pay Calculator
There was an Award Rate increase to most awards on the 1st of July 2021. The Fairwork Ombudsman has provided a calculator you can use to check that you are paying your employees the correct base rate and employee entitlements. .https://calculate.fairwork.gov.au/FindYourAward Minimum Wage Increase The minimum wage has also increased to $20.33 per hour or $772.60 gross per week. This increase applies to employees not covered by an award or registered agreement. The Fairwork Ombudsman has useful resources and tools available to ensure you are paying your employees correctly. How will the wage increase affect your business? If you aren’t …
Tax Debt information can now be reported to Credit Reporting Bureaus
Historically, if you owed money to the ATO this would not appear on any credit checks for finance. The Australian Government has given the ATO permission to disclose tax debt information to registered Credit Reporting Bureaus (CRB’s). Permission to disclose information to Credit Reporting Bureaus will only be given if the business meets the following criteria: The business has an ABN; and The business has a tax debt which is overdue by at least $10,000 at 90 days; The business is not making efforts to manage the tax debt (There is no payment plan in place). If your business meets …
COVID 19 GRANTS – Changes to Comparison Periods
The Government has extended the test period in line with the latest state wide lockdown. Details are below. Comparison Period To access grants, you must be able to show a decline in turnover (payments vary based on the percentage of decline) in relation to a comparative period. Additional comparative periods have now been provided. For the JobSaver package and the COVID-19 Micro business grant you may select a minimum two week period from 26 June 2021 to 28 August 2021 (this is an extension on the previous period announced) and compare it to: The same period in 2019, or The …
COVID 19 Business Support Grants – Update
Changes to Comparison periods …
