A new initiative for the ATO to collect payroll data on a ‘live’ basis during the year. Employers who have more than 20 employees should have been registered from 1 July 2018. Employees with less than 20 need to be registered by 1 July 2019. The ATO have granted an automatic deferral up until the 30 September 2019. Click above for further information.
In light of the potential changes to the Australian conceptual framework for financial reporting, the AASB has released an Exposure Draft (ED 286) Amendments to Australian Accounting Standards – Right-of-Use Assets of Not-for-Profit (NFP) Entities. Click above for further information.
The Victorian Parliament recently passed the Long Service Leave (LSL) Act 2018, which repealed the Long Service Victoria Act of 1992. The new Act will come into effect on or before November 2018. Click above for further information.