Technical News

From 1 July, casual employees covered by the Social and Community Services Award will get their casual loading in addition to the penalty rates when they work on Saturday, Sunday or overtime. For weekend work, casuals will be paid: 175% of the ordinary hourly rate for work on Saturday 225% of the ordinary hourly rate for work on Sunday. To…

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Following the Fair Work Commission’s announcement of a 1.75% increase to minimum wages, new minimum rates and allowances start from the first full pay period on or after 1 July 2020 for: frontline health care and social assistance workers teachers and child care employees other essential services and the National Minimum Wage. The new rates are starting in 3 stages…

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2020 Annual Wage Review

The Fair Work Commission has announced a 1.75% increase to the National Minimum Wage (NMW) following its 2020 Annual Wage Review. The increase applies to awards in 3 stages, which start from the first full pay period on or after: 1 July 2020 1 November 2020 1 February 2021 For anyone not covered by an award or an enterprise agreement,…

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Legislation has now been passed to give effect to the new Director Identification Number (DIN) requirements.  The DIN will require all existing and new directors to confirm their identity to a unique identifier that will be kept permanently, even if they cease to be a director. Despite the passage of the bill, ASIC has previously warned that it may take…

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2020-21 Tax Tables

The ATO produces a range of tax tables to help you work out how much to withhold from payments you make to your employees or other payees. A tax withheld calculator that calculates the correct amount of tax to withhold is also available. There are currently no changes to the tax rates or income thresholds for the 2020–21 income year.…

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If you’ve recently set up myGovID and linked it to your business in Relationship Authorisation Manager, make sure you know what you can access using your myGovID and do in the ATO online services. To view more information from the ATO, click here

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If your organisation is endorsed as a deductible gift recipient, you may wish to share with your donors, the ATO fact sheet and information on what is tax deductible, and what is not. To view the ATO information, and download the Gifts and Donations factsheet for donors, click here

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The Superannuation Guarantee amnesty period is now past the halfway point, and finishes on 7 September.  It cannot be extended – by law. Apply now for this one-off opportunity to correct past unpaid super to avoid administration charges or penalties – even if you can’t pay in full. Increased penalties will apply from 8 September. To view more information from…

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The Australian Charities Report 2018 is the sixth annual analysis of the information the Australian Charities and Not-for-profits Commission receives from charities in their Annual Information Statements. The data shows that charity sector revenue grew by 6.4% in 2018, more than the Australian economy in the same period. The sector generated more than $155 billion – $10.5 billion from donations…

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The New South Wales Supreme Court has ruled that the millions of dollars donated to a Facebook fundraiser run by Australian comedian Celeste Barber can only be used for causes related to the NSW Rural Fire Service (RFS). The court last month ruled that Ms Barber nominated the NSW RFS and Brigades Donation Fund as the beneficiary of the fundraiser…

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