Since tax law was changed on 29 June this year to extend ways in which the Australian Tax Office (ATO) can seize company directors’ personal assets to cover unpaid PAYG and superannuation debts, there’s been strong criticism of the legislation. Read More
Accountants and business advisers with SA building industry clients have rarely seen greater need to be on their toes protecting clients’ interests. There’s a pervading sense of uncertainty in the industry. Read More
In the previous review we discussed hazards inherent in the Security of Payment Legislation for an already stressed building industry, and for companies with businesses associated with the industry. The South Australian legislation is based essentially on law already in effect interstate, and while we reported problems with it, especially where they were related to misuse of the Act by some building contractors, it can also be said that over all it’s achieving what it’s meant to achieve. Read More
