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How to read your customer and supplier contracts: A guide to doing business during COVID-19

How to read your customer and supplier contracts: A guide to doing business during COVID-19

by Contributed by David Reid | Jun 18, 2020 | Blog

In this article, we discuss two common questions that we are being asked.  I can foresee that I will not be able to meet all of my supply/service obligations. What can I do to protect against claims from my contracting parties?” For any business facing such...
Former Sydney entrepreneur penalised for $1m in underpayments

Former Sydney entrepreneur penalised for $1m in underpayments

by Maja Garaca Djurdjevic | Jun 18, 2020 | News

The Federal Circuit Court has imposed $62,730 in penalties against Kia Silverbrook and additional penalties against three companies he operated. Janette Lee, who was a director of a company formerly operated by Mr Silverbrook, has also been penalised $13,260 for her...
Australia’s retirement income system ‘riddled with flaws’

Australia’s retirement income system ‘riddled with flaws’

by Shared by SMSF Adviser | Jun 18, 2020 | News

The Alliance for a Fairer Retirement System (AFRS) has penned a letter to the Treasurer pointing out several problems facing retirees. Read more at SMSF Adviser. 
Unemployment highest in 19 years, but signs of jobs recovery

Unemployment highest in 19 years, but signs of jobs recovery

by Shared by MyBusiness | Jun 18, 2020 | News

New Australian Bureau of Statistics (ABS) figures revealed the unemployment rate for May increased by 0.7 of a percentage point to 7.1 per cent. It is the highest unemployment rate since October 2001. Read more at MyBusiness. 
Omnibus bill containing FBT, testamentary trust amendments passed

Omnibus bill containing FBT, testamentary trust amendments passed

by Shared by Accountants Daily | Jun 18, 2020 | News

Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 has now passed both houses of parliament after an earlier deadlock over a tacked-on amendment introduced by Centre Alliance senator Rex Patrick. Read more at Accountants Daily.
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