IPA hits out at ‘draconian’ super guarantee penalties

IPA hits out at ‘draconian’ super guarantee penalties

Employers who fail to pay the minimum amount of super guarantee to their employee’s fund by the due date may have to pay the super guarantee charge (SGC), consisting of SG shortfall amounts, 10 per cent interest on those amounts, and an administration fee.The next...
New data breach resources released

New data breach resources released

The NDB scheme will commence on 22 February 2018, and will require agencies, organisations and certain other entities to provide notice to the Office of the Australian Information Commissioner (OAIC) and affected individuals of a data breach. One of the new resources...
New payments platform set to aid cash flow issues

New payments platform set to aid cash flow issues

Using the NPP, small business owners will no longer have to wait for bank transfers between accounts of different banks and payments to arrive in their account, with the platform allowing businesses and consumers to transfer money “instantly”.The platform will also...
New dispute resolution body passes through parliament

New dispute resolution body passes through parliament

After a lengthy consultation and inquiry process, AFCA will start receiving disputes no later than 1 November 2018, a delay from its previously stated 1 July commencement date.Recommendations of the AFCA Transition Team, chaired by Dr Malcolm Edey, have seen the...