State Taxation Series: Issue #2 – Land Tax Trust Surcharge – Nomination of beneficiary and notice of beneficial interests

The first issue of our State Taxation Series looked at section 46F of the Land Tax Act 2005 (Vic) (“the Act”), and the three circumstances where a nomination can still be lodged for a discretionary trust that owns any pre-2006 land. This issue looks at statutory requirements for the nomination of [...]

2019-08-27T16:23:00+10:00August 27th, 2019|Categories: Taxation|Tags: , , , |

State Taxation Series: Issue #1 – Section 46F (Nomination of beneficiary of pre-2006 discretionary trust for land tax purposes) – Are you completely out of time to nominate?

The Land Tax Act 2005 (Vic) (“the Act”) imposes land tax on all taxable land in Victoria, with the owner of the particular land liable to pay land tax on 31 December of each calendar year. The rate of land tax is stipulated in Schedule 1 of the Act, with a [...]

2019-08-26T11:23:20+10:00August 9th, 2019|Categories: Taxation|Tags: , , , |

Changes to the Unfair Dismissal High-Income Threshold from 1 July 2019

On 1 July 2019, the high- income threshold increased and is currently $148,700 per annum.  The threshold operates to limit an employee’s eligibility to be protected from unfair dismissal as defined in the Fair Work Act 2009 (Cth) (FWA) and is adjusted annually. This means that an employee who is not [...]

2019-07-18T11:21:40+10:00July 18th, 2019|Categories: Employment Law|Tags: , |

Business Employment Starter Pack

Pointon Partners is pleased to announce that we have a package to help new or established businesses that do not have their employment arrangements documented. The package for $2,000 exclusive of GST includes: A comprehensive employment contract for full time employees; Dismissal handbook which guides an employer through the various [...]

2019-06-06T11:56:22+10:00June 6th, 2019|Categories: Employment Law|Tags: , , |

Residential Construction and Land Tax: What happens if there is a delay in construction?

Whilst homes in Victoria that are occupied as a principal place of residence are exempt from Land Tax, building works or disputes that result in homes being unoccupied for extended periods of time can have the unexpected result of a Land Tax liability. These assessments can be particularly frustrating if [...]

2019-06-05T12:45:41+10:00June 5th, 2019|Categories: Property, Taxation|Tags: , , |

Blind Siding Amendment – Significant Property Developer Stamp Duty Amendment in Victoria

Almost all Victorian development agreements could soon create a stamp duty liability. Any sharing of profit by a landowner with a property developer who does not own the land in proportion to the profit entitlement could be assessable to stamp duty. In what may be described as a blind siding amendment [...]

2019-05-31T10:14:19+10:00May 31st, 2019|Categories: Property, Taxation|Tags: , , |

Obtaining Biometric & Health data of employees. It is now more difficult than you think – implications of recent Fair Work decision

Lee v Superior Wood Pty Ltd (2019) FWCFB 95 The employer in question had announced the introduction of finger scanning. There were approximately 80 employees at the worksite in question and Mr Lee was the only employee not to register his fingerprints. He continued to sign in and out using [...]

2019-05-17T14:39:55+10:00May 17th, 2019|Categories: Employment Law|Tags: , |

Casual Employment – New amendment to mitigate against ‘double dipping’ outcomes for employees

Employers have recently received some legislative support with regards to casual employees who successfully claim for accrued annual leave and other permanent benefits. As discussed in our recent article on the decision of WorkPac Pty Ltd v Skene [2018] FCAFC 131, an employee may successfully claim that they have been [...]

2019-02-04T15:36:33+10:00February 4th, 2019|Categories: Employment Law|Tags: , , |

The Family Farm – When is the transfer of a farm to a relative duty free?

A farm is a significant asset and the value of the associated business is dependent upon how that business is operated by you now, and later, by your children and their children after them. The farm may constitute the majority of your family wealth and you may have difficulty passing on  [...]

2018-11-23T15:23:31+10:00November 23rd, 2018|Categories: Taxation|Tags: , , |

Changes to Long Service Leave Legislation – What you need to know

On 1 November 2018 changes to Victoria’s long service leave laws came into effect. The changes seek to provide further rights to employees and further responsibilities on employers. In essence, the amendments comprised of the following changes, which benefit Employees: Employees are now being able to apply to take their [...]

2018-11-12T17:13:18+10:00November 12th, 2018|Categories: Employment Law|Tags: , , |