The new national minimum wage from 1 July 2017 is $694.90 per week or $18.29 per hour, an increase of 3.3% from the previous financial year. For employees covered by an award, award rates will increase by 3.3%. Also from 1 July 2017, penalty rates in the Hospitality, Restaurant, Fast Food, Retail and Pharmacy Awards […]
New Strata laws came into effect on 30 November 2016. Some key changes include: strengthening the accountability of strata managers allowing owners to adopt modern technology to conduct meetings, vote, communicate and administer their scheme the need for owners to review by-laws (strata community rules) within 12 months, which can be customised to suit their lifestyle – such as whether to […]
Fair work commission has increased the national minimum wage 2.4% from 1 July 2016. It is now $672.70 per week or $17.70 per hour. The high income threshold is $138,900 from 1 July 2016. An Employee whose annual income exceeds the high income threshold is not entitled to make an unfair dismissal claim under the Fair Work […]
Stamp duties on mortgages, business assets and marketable securities are abolished from 1 July 2016 in NSW.
– Mortgages executed on or after 1 July 2016 will not be liable to duty.– Sale of business assets (except land) entered into from 1 July 2016 is not liable to duty. – Duty on the transfer or declarations of trust on marketable securities (shares and units), including commercial fishery shares, is abolished from 1 July 2016. […]