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Reflecting on your client experiences over the past couple of years, it probably comes as no surprise that in 2017, “three-quarters of Australia’s CEOs were worried about the availability of key skills in the wake of technological change and automation.” 2 years on, and recruiters are still coming to grips with the unfolding skills gap and what it means for the talent ecosystem.
If you’re an independent professional who is planning to buy a car or at least contemplating it, then you ought to consider Novated Leasing. Why? Well, it’s an easy, cost effective way to pay for your car and allows you to reduce your income tax and GST. Whether you choose to purchase a brand new car, a used car or even salary sacrifice your existing vehicle, novated leasing allows payments to be taken from pre-tax salary deductions.
It’s tax time again and for many it can be stressful. Maybe you haven’t had time to get up to speed on tax changes and don’t know where to turn for reliable information. Or the year has just gotten away from you and your paperwork is spread across various parts of the house!
Another anticipated change to the Visa program has been approved in parliament. The Skilling Australians Fund legislation passed in Senate this week, which will result in changes to the requirements of businesses looking to sponsor talent for working visas.
As Group MD and founder of Entity Solutions, our organisation has commenced its journey to comply with the Labour Hire licensing changes that are rolling out in various states. South Australia and Queensland have already implemented the scheme, with Victoria to introduce similar laws fairly quickly if the bill is passed through the upper house.
Last year, the Australian government announced that there would be changes to the skilled visa programs as of 2018. In line with the announcement in April 2017, the 457 visa scheme has officially ended and has been replaced by the TSS visa (known as the 482 Temporary Skills Shortage Visa), after an 11 month transition process.
Tuesday night, the Federal Government announced changes to their fees when engaging a foreign worker on a Temporary Skill Shortage Visa (formally known as the 457 Visa). The most significant and positive impact this has on businesses sponsoring foreign workers, is the end of training benchmarks.
On Tuesday night, Treasurer Scott Morrison handed down the Federal Budget for 2017. In his second delivery, he presented a budget of “principles of fairness, security and opportunity”. Morrison’s budget is one that many believe will be popular, with measures included to assist First Home Buyers with the difficult task of saving for a deposit, heavier penalties for banks taking on too much debt, and an extension of the $20,000 asset liability write off scheme for small business.
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