Changes to CGT discount and its potential impact
Client alertExplores proposed CGT discount and negative gearing reforms and what they could mean for investors.
The Remarkables podcast: Stories of people improving communities and inspiring youth. Listen now.
Due to the high evidence of non-compliance, the FWO will undertake proactive investigations of the following sectors:
Additionally, investigating the risk of underpayments at large corporates also remains a priority.
The universities sector was added as a priority for FY23 after regular voluntary disclosures of underpayments by many institutions, and vulnerable workers within the food and beverage industry continue to make claims to the regulator for assistance.
Through its compliance and enforcement activities, the regulator has found trends of poor governance and management oversight, and a lack of centralised human resources functions and investment in payroll and time-recording systems in these particular focus industries.
Understanding complex Modern Awards and pay compliance continues to be a pain point for many organisations. Without adequate controls and monitoring in place, employers are at risk of underpaying their staff which would eventuate in significant fines to the organisation from the regulator.
It is important that all organisations take proactive steps to ensure their workforce is appropriately paid. Whether it’s undertaking an initial health check or facilitating a more formalise pay remediation program, our team has deep experience in supporting our clients through robust pay compliance reviews to fit your needs.
Explores proposed CGT discount and negative gearing reforms and what they could mean for investors.
The Full Federal Court confirms that owner and beneficiary benefits in family businesses are not automatically subject to FBT, reinforcing the meaning of “in respect of employment” and providing guidance ahead of the 2026 FBT season.
From 1 April to 30 June 2026, Australia’s fuel excise is halved and the Road User Charge removed, impacting fuel tax credit (FTC) rates for businesses. Learn how these changes affect claims and compliance.