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The Victorian Parliament recently passed the Long Service Leave (LSL) Act 2018, which repealed the Long Service Victoria Act of 1992.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.
To any business with employees from April 1 2018, an employee headcount must be done to determine if you comply with Single Touch Payroll from 1 July 2018, or if there is an option of deferring compliance an extra year to 1 July 2019. Click above for further information.