The changes in insolvency & restructuring rules that could catch out Australian businesses

Image credit: Scott Graham

“COVID Safe Harbour” insolvency rules have been replaced by legislation that includes a new, streamlined SME restructuring process…

‘Portable entitlements for insecure work’: Anthony Albanese promising new workplace laws under Labor

Image credit: Priscilla Du Preez

Federal opposition leader Anthony Albanese is proposing a number of sizeable work reforms: Among them, an aim to provide those in insecure work with entitlements and employment security.

The 6 changes in employee awards and legislation this new year

Tracy Angwin

A new suite of major changes to employee awards and legislation will come into effect this year, with payroll expert Tracy Angwin warning large organisations and SMEs that they must comply with them or face consequences by the Fair Work Ombudsman. Tracy Angwin, CEO of the Australian Payroll Association says, “Legislation and individual awards around employee… Continue reading The 6 changes in employee awards and legislation this new year

Parliament urged to quickly pass, implement legislation to help SMEs crowd-source funding

The peak body for Australia’s fintech industry has urged Federal Parliament to prioritise a ‘vital new source of funds’ for SMEs by expediting the approval and implementation of private company equity crowdfunding legislation introduced in September 2017. According to FinTech Australia chair Stuart Stoyan, the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 has… Continue reading Parliament urged to quickly pass, implement legislation to help SMEs crowd-source funding

New ATO power will wind up bad debtors but protect ‘good’ businesses, says credit bureau

The Australian Taxation Office (ATO) will be empowered to report a business’s overdue tax debts to credit reporting bureaus under draft legislation released by Minister for Revenue and Financial Services, Kelly O’Dwyer. The legislation, which – together with explanatory material – is now available for public comment, will require a business to “effectively engage” with… Continue reading New ATO power will wind up bad debtors but protect ‘good’ businesses, says credit bureau

“Innovation will flourish” in the digital currency sector as anti-laundering laws pass

The passage of anti-money laundering legislation through Parliament on Thursday will facilitate further growth in Australia’s local blockchain and digital currency industry, according to local fintech leaders.  The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 will extend anti-money laundering and counter-terrorism financing regulation to digital currency exchanges. The legislation requires these exchanges to monitor… Continue reading “Innovation will flourish” in the digital currency sector as anti-laundering laws pass