Blog

Binding Death Benefit Nomination (BDBN) Upheld

A recent decision by the Full Court of the South  Australian Supreme Court has provided guidance about the operation of BDBNs. Editor: Members of super funds may generally make a BDBN directing the trustee of the fund to pay out…

Reporting of Transfer Balance Account Information

Editor: The recent superannuation reforms introduced the concept of a ‘transfer balance account’, to basically record the value of the member balances moving into or out of ‘retirement phase’. In order to monitor these amounts, the ATO is introducing new…

Does Your Business Have To Pay GST On Imported Digital Products?

The start of the 2017-2018 financial year saw the application of the GST on overseas-based digital products that are purchased by Australian consumers. Colloquially known as the ‘Netflix Tax’, the GST on digital products and services will be charged at 10%, in line…

Five Ways to Hire the Best Staff

Having to hire new employees is a task that is inherent to having a major business. While the interview and recruitment progress can be daunting, the following five ways may help a business to employ the perfect employee and hire…

Six Tips for a Business to Grow its Customer Base

As the lifeblood of all businesses, having a strong customer base is essential for a business to thrive in an ever competitive world. The following six tips may help a business grow its customer base and ultimately grow their business.…

Notifiable Data Breach Scheme is in Effect

It was over three years in the making, but the Notified Data Breaches Bill has been passed into law and will come into effect on 22 February 2018. The Bill, formally known as the Privacy Amendment (Notifiable Data Breaches) Act…