Legislation in limbo

The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation. Next month, on 2 April, Parliament reconvenes for the Federal Budget and it’s likely that an election will be called very soon after that (18 May 2019 is the last possible date for the election of the House of Representatives). Any legislation that has not passed when the election is called basically goes back to the drawing board and may never be enacted.

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Single touch payroll extended to all employers

From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary sacrificed amounts.

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What is a trading name? This information might help

Trading names were to be retired from 1 November 2018, but transitional arrangements have now been extended for a further five years to 31 October 2023. This gives affected businesses more time to inform their customers, suppliers and other stakeholders of any changes to the name that they use to conduct their business.

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