The Reserve Bank has concluded its Review of Banknote Distribution Arrangements. Today, it has released a Conclusions Paper setting out various changes that seek to ensure that banknote distribution is effective, efficient, sustainable and resilient – both now and into the future. This will help ensure Australians continue to have good access to cash. The Review confirmed […]
The Fair Work Commission has handed down its annual wage review decision for 2022. The Panel decided to increase modern award minimum wages by 4.6 per cent subject to a minimum increase for adult award classifications of $40 per week. The $40 per week increase is based on a 38-hour week for a full-time employee. […]
From 1 July 2022, two important super guarantee (SG) changes will apply to your business. These are: the rate of SG is increasing from 10% to 10.5%. the $450 per month eligibility threshold for when SG is paid is being removed. These changes mean that from 1 July 2022: you’ll need to make SG contributions […]
From 1 February 2022 under the new Automatic Mutual Recognition scheme, security agents, security industry trainers and investigation agents will be able to work in South Australia using their current interstate licence. If you are currently licensed for security in another state or territory and wish to work in South Australia you will need to […]
The Reserve Bank has released an Issues Paper as the first stage in its Review of Banknote Distribution Arrangements. The Bank is seeking views from interested parties on what changes might be required to ensure that banknote distribution is effective, efficient, sustainable and resilient – both now and into the future. Submissions close on Friday 21 January 2022.
Company directors now need to apply to ASIC for a director identification number (director ID) to help prevent the use of false or fraudulent director identities. All directors of companies, registered Australian or foreign companies and Aboriginal and Torres Strait Islander corporations will need to register for a director ID. Read More