Deferring Tax On Shares Acquired Under An Employee Share Scheme

If you acquire an interest under an employee share scheme (ESS), you will be taxed (at your marginal rate of tax) on any ‘discount’ you receive at that time, unless you qualify to defer the taxing…

Can a Director be Insured or Indemnified by a Company?

A director of a company can be insured or indemnified against liabilities they may incur whilst acting as a director of the company. However, there are a number of restrictions that need to be…

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What is a Director Identification Number?

All existing and future company directors are now required to apply for a Director Identification Number (DIN). A DIN is a unique number used to prevent the use of fraudulent director identities,…

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Use it or Lose it: How to Remove a Trademark for Non-Use

Registered trademarks can be removed for non-use in the absence of a good faith intention of the trademark owner to use the trademark or a failure by the registered owner to use the trademark during…

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Business Interruption Insurance Test Cases

Since the COVID-19 pandemic, there has been increased interest in the availability of business interruption insurance. ICA and AFCA supported two test cases in an effort to clarify the position for…

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Not paying Super? Penalties are guaranteed.

An employer must pay an employee’s superannuation in accordance with their ordinary pay cycle or once a quarter. In the event that the employer does not pay superannuation, they may be liable for…

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High Court Hands Down Casual Employment Ruling

The High Court’s decision on 4 August 2021 in the case of WorkPac Pty Ltd v Rossato & Ors has set out new guidelines for employers to consider when drafting their employment contacts. The decision is…

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Does Your Company Need a Power of Attorney?

Have you ever considered what would happen to your company if you lost your capacity to make decisions? Even if you have a personal Enduring Power of Attorney in place, it doesn’t give rights to your…

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Who Can’t Incorporate a Company in Australia?

Incorporating a company isn’t always as simple as counting 1, 2, 3. There are some hidden hurdles that you may be unaware of which prevent you from registering and managing a company in Australia.…