Is my vendor client ‘carrying on an enterprise’?

One of the most common questions conveyancers ask the ATO, is whether their vendor clients are ‘carrying on an enterprise’ and if they should be registered for GST? Another common question (this time from the purchaser’s conveyancer) is whether the purchaser is required to withhold GST on the sale? Our response is usually “it’s not
Tagged under:

Superannuation Guarantee Contributions Increased

Under Australia’s Superannuation Guarantee (SG) laws, employers are required to pay a set percentage of superannuation into each eligible employee’s super fund, on top of their standard wages or salaries. From 1 July 2021, SG rates increased from 9.5 percent of ordinary time earnings to 10 percent. The SG rate is scheduled to continue to
Tagged under:

Weekly News Update 19.3.2021

Article 1: 2021 Membership Renewal  Members of AICNSW are reminded that membership will expire on the 31 March 2021. We forwarded to all current members a renewal email on Monday 1  March 2021 with details on how to renew and providing login details. Renewals can only be done through the Membership Portal on AICNSW website.

Weekly News Update 11.3.2021

Article 1: 2021 Membership Renewal  Members of AICNSW are reminded that membership will expire on the 31 March 2021. We forwarded to all current members a renewal email on Monday 1  March 2021 with details on how to renew and providing login details. Renewals can only be done through the Membership Portal on AICNSW website.

Weekly News Update 4.3.2021

Article 1: 2021 Membership Renewal  Members of AICNSW are reminded that membership will expire on the 31 March 2021. We forwarded to all current members a renewal email on Monday 1  March 2021 with details on how to renew and providing login details. Renewals can only be done through the Membership Portal on AICNSW website.

Weekly News Update 25.2.2021

Article 1: All developers to provide fibre-ready facilities for all new building lots and units   The Telecommunications Amendment (Infrastructure in New Developments) Act 2021 has received Royal Asset and came into effect on 17 February 2021. The Act amends Part 20A of the Telecommunications Act 1997 and requires that all developers ensure that all building lots or units have fibre-ready facilities

Weekly News Update 18.2.2021

Article 1: Don’t ignore a Subscriber Compliance audit request   The Registrar General has published a note on the ORG website cautioning Subscribers against ignoring an audit request. The email will come from the email address [email protected]  and you should also add this email address to your safe senders / exceptions list to ensure that it doesn’t

Weekly News Update 11.2.2021

Article 1: New single- party eLease available  From a new single-party electronic lease (eLease) dealing form is available through Property Exchange Australia (PEXA). The new version of the eLease will replace the existing two-party eLease. Read more Article 2: Job Making Hiring Scheme  The JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young

Weekly News Update 4.2.2021

Article 1: AICNSW Stakeholder Engagement Update  AICNSW regularly attends Stakeholder update sessions with various government departments. Details on the most recent sessions with NSW Treasury and ORG / NSWLRS can be found here. Article 2: Real Property Amendment (Certificates of Title Bill 2020)  ORG has released the draft exposure Bill for public consultation The purpose of

Weekly News Update 28.1.2021

Article 1: Do I need a COVID QR code?  At present QR codes are only mandatory for certain businesses.  While office based businesses are currently not included in this list, given the nature of the virus, this could change overnight. To be registered, a business must have an appropriate a COVID Safe Plan and register with
TOP