Latest News

Hot Issues
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Debate heats up around $10k cash ban bill
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There’s still time to move to Single Touch Payroll (STP)
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Real Time World Population Growth - Wow!!
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ATO audits continue to target Lifestyle assets
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Property deduction errors down to ‘lack of understanding’: ATO
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Data can be great stuff! - Australia
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GST refunds for returned imported goods
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14k employers, $230m in super: Financial Services Minister defends proposed SG amnesty
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Bushfires 2019–20 (ATO)
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Accounting profession responds to bushfire crisis
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Helping your business survive a natural disaster - ATO
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Single Touch Payroll (STP) – now ensure super is paid on time.
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Beware of Australian Taxation Office (ATO) impersonation scams
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Australia by the Numbers
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‘Visible, valued and owned’: ATO outlines super priorities for new year
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Introductory Rates & Interest Free Periods
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Our Advent calendar for 2019
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Tax Office sounds warning on 8 types of super schemes
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Don’t forget sharing economy income
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Impress your friends with your knowledge!!
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Salary sacrificing and the superannuation guarantee
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Why so much super “stuff” this year?
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Reverse Mortgage?
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How the gig economy could create hidden tax issues for contractors and employers
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15,000 tip-offs as ATO black economy hotline rings hot
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What happens when interest rates hit the floor?
Article archive
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Quarter 4 October - December 2019
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Quarter 3 July - September 2019
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Quarter 2 April - June 2019
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Quarter 1 January - March 2019
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Quarter 4 October - December 2018
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Quarter 3 July - September 2018
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Quarter 2 April - June 2018
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 2 April - June 2017
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Quarter 1 January - March 2017
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Quarter 4 October - December 2016
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Quarter 3 July - September 2016
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Quarter 2 April - June 2016
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Quarter 1 January - March 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Quarter 4 of, 2016 archive
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Big-ticket tax set for government review
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FBT – Christmas Parties and Taxi Fares
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Unclaimed Monies - Christmas Project?
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Employee Christmas Parties and Gifts – Any FBT?
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‘Beware the tax man’ eyeing holiday period activity
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Merry Christmas for 2016, a Happy New Year and a prosperous 2017.
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Research reveals key to ‘high-performing’ firms
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Late payments hitting SMEs hard
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Estate planning issues flagged with $1.6m pension transfer cap
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Travel to a workplace: What’s in, what’s out
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New fleet “safe harbour” approach for car fringe benefits
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Struggling Business Turnarounds
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SMSF practitioners told to urgently address TRIS issues
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$20,000 write off is only available for small business, right? Well…
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Do you need an Employment Agreement?
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What does the new withholding tax mean for your clients?
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Domestic (non-marital) Relationships
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Is there a problem with using your company’s assets for yourself?
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SMEs at risk of ‘falling foul’ of ATO
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Scams, fraudsters and viruses
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Got your car log book ready?
Do you need an Employment Agreement?

 

All employment relationships are subject to an agreement, whether they are written, verbal or a combination.

       

 

It’s not compulsory to have a written agreement and all employees (other than casuals) are protected by the National Employment Standards (NES) whether they’ve signed a contract or not.  There are benefits having a written contract, with the key advantages being certainty of rights, obligations and employment status, as well as the inclusion of terms that aren’t covered in the legislation or applicable industrial instrument.

Employers can’t contract out of the NES or to make employees worse off than their minimum legal entitlements.  They can customise the agreement to suit the business and to include important features, rights and obligations that are not covered in the legislation or implied from the common law.

Examples include:-

  • Restraint of Trade to protect your business goodwill from competition from former employees.
  • Incentive Scheme in addition to base remuneration.
  • Behaviour expectations and termination conditions.
  • Probationary Period for new employees
  • Use of Company Equipment (e.g. car, phone or lap top) and the conditions attaching to such use and Fringe Benefits Tax arrangements.
  • Confidentiality of sensitive information.

These provisions will not be implied unless they are clearly written into the contract.  

 

 

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