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COVID-19: Early Childhood Education and Care Relief Package
Now I’m working from home, what can I claim?
Global statistics plus Covid-19 updates
ATO clarifies COVID-19 rent relief concerns
Banks to defer small-business loan repayments for 6 months
Historic $130bn wage subsidy to cover 6 million workers
Stage 2 – Covid-19 stimulus package.
Covid-19 Update - Small Business
PM launches $17.6 billion virus stimulus plan
SG amnesty bill passes Parliament
ATO flags most common SMSF return mistakes
Expected GDP by country 2010 to 2100
ATO expands small business review pilot
A resource hub for our clients.
Risks when dating documents in 2020
Australian Taxation Office (ATO) debts may affect your credit rating
Statistical picture of Australia - Update
Absentee Property Owner – Tax Whack - Victoria
Debate heats up around $10k cash ban bill
There’s still time to move to Single Touch Payroll (STP)
Real Time World Population Growth - Wow!!
ATO audits continue to target Lifestyle assets
Property deduction errors down to ‘lack of understanding’: ATO
Data can be great stuff! - Australia
GST refunds for returned imported goods
14k employers, $230m in super: Financial Services Minister defends proposed SG amnesty
Bushfires 2019–20 (ATO)
Accounting profession responds to bushfire crisis
Helping your business survive a natural disaster - ATO
Single Touch Payroll (STP) – now ensure super is paid on time.
Beware of Australian Taxation Office (ATO) impersonation scams
Australia by the Numbers
‘Visible, valued and owned’: ATO outlines super priorities for new year
Introductory Rates & Interest Free Periods
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Articles
Australian Securities & Investment Commission (ASIC) - Register of Charges Expires
Business Names Reform Update
New Restrictions on SMSF Investment in Artworks, etc
Employer Superannuation Obligations
Centrelink Benefits - How Work Affects Your Payments
Family Trusts - Complexity Increases, and so will costs
Do you need to lodge an income tax return?
Australian Securities & Investment Commission (ASIC) - Register of Charges Expires
As part of the reform of securities legalisation, the lodgement of Register of Charges ceased on 30th January 2012.

The on-line register closed on 27th January 2012 to be replaced by the Personal Property Securities (PPS) Register (see and earlier article on this topic below).

Reform of credit and relevant controls during insolvency occurred several years ago.

The replacement of the Company Register of Charges with a similar register was legislated quite some time ago.

However, the implementation required ASIC to migrate all existing securities on its database of each Company’s Register of Charges into the new Register.  That has taken nearly a year longer than the intended start date last year.

The new system will often strengthen the banks position in an insolvency and make many retention of title terms of trade ineffective or less effective.

All businesses with retention of title clauses should obtain legal advice whether their terms of trade meet these new procedures.  Without registration on PPS Register any retention of title terms are ineffective in an insolvency, so taking action to meet enforcement and registration of their interest in the PPS Register needs to be action immediately.

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Personal Property Securities (PPS)
25-01-2011

In May 2011 new laws will apply uniformly to the granting of security over personal property.

Personal property is any form of property other than land and buildings.  Personal property includes motor vehicles and machinery (tangible property) and rights under contract and intellectual property (intangible property).
 

A PPS is an interest in personal property that secures a payment or performance of an obligation.  A loan taken out by a business that is secured over the business’ trading stock is one example of a personal property security.
 

The PPS Register will be a single, national online register.  Secured parties and potential secured parties will be able to use it to search for, and register their security interest in personal property.  Other creditors will be able to search and then make an informed decision before granting credit.

 
New Zealand has used a registration system for many years.  We followed them into GST, but still made many mistakes.  Will we learn this time? 



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