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Australian Government Grants Supporting Best Practice Sustainable Agriculture

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The Australian Government is active in supporting land manager practice change that will deliver more sustainable, productive and profitable food, fibre and forestry business. They are doing so through the Small Farms Small Grants Program, which aims to increase farming, forestry and fishing communities’ awareness, knowledge, skills and capacity to adopt best practice sustainable agriculture.

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Superannuation Guarantee opt out for high income earners

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After a number of false starts the measures announced in the 2018-19 Federal Budget to allow individuals with high incomes to opt out of receiving superannuation guarantee contributions from certain employers has been legislated.

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Not keeping accurate records of timesheets and pay slips could cost you

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Filing out time sheets is boring! No one likes doing it, but not completing them substantively increases the risk for an employer being unable to defend a claim for underpayment of wages and a civil penalty (fine) under the Fair Work Act, 2009 (the Act).

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Salary Sacrifice - Are you receiving your full benefits?

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Salary sacrifice strategies are a great way to boost retirement savings. However, unwelcome loopholes in the law mean that some workers may be getting less than they bargained for. The government is taking action to fix this, in the meantime all salary-sacrificing workers should be across this issue, keeping an eye on their arrangement and ensure they’re not being short-changed.

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Lapsed and back again: What is happening with the super guarantee amnesty?

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The proposed super guarantee amnesty is very important – it releases employers from significant penalties for underpaid or late super contributions. The amnesty was originally announced in May 2018 but the bill lapsed when the Federal Election was called and the amnesty was never enacted. The legislation was re-introduced in September 2019 but still remains before Parliament. So the proposed amnesty is not currently law. This has caused a lot of misunderstanding and confusion among employers.

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Business owners, are you inadvertently putting your home at risk?

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As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks.

In other words, building your wealth and protecting your wealth.

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Is a SMSF the right fund for you?

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For many people Self Managed Superannuation Funds (SMSFs) are a great option for building retirement savings, however, they may not be the ideal fund for all. The following will showcase some important differences between SMSFs and other types of funds. Differences include management, costs, investment flexibility, insurance, and more. This information will help you make a more informed decision about your super.

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Discipline Policy – A roadmap to avoid dismissal faux pas

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Recent decisions of the Fair Work Commission (FWC) have illustrated how important it is for employers to follow sound practices when taking disciplinary action. Further, if employers have a policy in place, be that in an Award, an Enterprise Agreement or an employer policy, they should follow it.

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Push for Innovation in Queensland Continues as Ignite Ideas Fund Opens for Round 6

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The Advance Queensland initiative aims to drive innovation, build on Queensland’s natural advantages, and invest in a stronger Queensland economy. An ongoing funding initiative, Ignite Ideas Fund, supports start-ups and small to medium enterprises in commercialising innovative products, processes or services that have reached the minimum viable product stage and have market potential.

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Amnesty for businesses with unpaid super re-introduced

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The Government has recently re-introduced legislation to establish and extend its proposed one-off amnesty to enable employers to self-correct historical underpayments of Super Guarantee (SG).

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