Hire and Rental Businesses take note: PPSR changes

Hire and Rental Businesses take note: PPSR changes

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Are you in the hire or rental business? The law is about to change — and it’s good news On 11 May 2017, both houses of Parliament passed the Personal Property Securities Amendment (PPS Leases) Bill 2017 with broad support across the political divide. Two key changes are being introduced: The minimum length of a type of personal property security interest, a PPS Lease, is being extended from more than one year, to more than two years. Leases of an indefinite term will no longer be PPS leases unless they run for more than two years. What is a personal property security interest? A personal property security interest, in simple terms, is a stake that someone has in any piece of property (except real estate) which ensures the payment of…
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The new rules for temporary work visas: seven key changes that every Australian business needs to know

The new rules for temporary work visas: seven key changes that every Australian business needs to know

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Last month the Government announced sweeping changes to the temporary work visa in Australia. This suite of changes is complex and affects every business that uses temporary employer-sponsored work visas or may like to do so in the future. Here, we set out the seven key changes that you need to know about. Pay attention to the dates – some changes are already in effect, others occur in July 2017, December 2017 and March 2018. For further information on how the changes affect your business, let us know and we will point you in the direction of an immigration specialist. 1. The qualifying occupations for temporary work visas have changed Starting from 19 April 2017, the Temporary Work (Skilled) (subclass 457) visa is now being approved only for occupations on…
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Position Vacant: Key Account Manager

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Located in Erina and Sydney NSW, with an exciting product that solves a significant problem for our customers, we are looking to focus on the promotion of our compliance tools (www.compliancequarter.com.au). About you We are seeking individuals with sales and account management experience. Ideally, you will have: 2+ years hands on experience with software (SaaS) sales; Some experience in complimentary areas such as the development of sales collateral and press releases; A passion and interest in areas such as NLP / technology; An understanding of the working environment found in a start-up; and Self-direction and drive. In your application please set out salary expectation, relevant experience and any relevant qualifications. You will be located in either the Central Coast or Sydney office. Salary Attractive salary commensurate with experience.  No agency…
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The Compliance HUB:  Compliance Management System

The Compliance HUB: Compliance Management System

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In this article, we provide some of the background to the Compliance HUB- an expert Compliance Management System - why we are doing what we are doing, and how our Compliance HUB will benefit you. The Cost of Regulation Regulation can operate as a support and a constraint. If you ask any business owner to name barriers to their business, regulation will undoubtedly be high on the list. Regulation is a multi-billion dollar burden on businesses around the world. In Australia alone, Deloitte has put the total cost of compliance for Australia's economy at $250 billion a year. Deloitte estimates that businesses spend $95 billion a year in an effort to comply with regulation. The typical method of managing regulation involves human capital and external spending on consultants and lawyers. Continued Compliance…
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Establishing an Effective Compliance Program: Five Tips

Establishing an Effective Compliance Program: Five Tips

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An effective corporate compliance program is essential to good governance and risk management. Many businesses have invested significantly in compliance over the last decade yet continue to experience compliance breaches. With a number of recent well-publicised compliance breaches, it is worth considering some of the key characteristics of an effective compliance program. Why have a compliance program? A business that does not have an effective compliance program is at greater risk of non-compliance. Regulators around Australia are actively searching for non-compliance and are often successful in their enforcement efforts against non-compliant businesses. During 2015–16, ASIC completed 1,441 high-intensity surveillances and 175 investigations. ASIC secured 22 criminal convictions and of those 13 resulted in a custodial sentence. During 2015–16, the ACCC was involved in 48 consumer protection court cases (19 new…
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Selling Electricity: Licence Requirements

Selling Electricity: Licence Requirements

AU Energy Compliance
A variety of businesses are involved in selling energy. These businesses include caravan parks, building managers, shopping centres, office buildings, airports, industrial parks and solar power providers. Energy sellers in the Eastern States of Australia must either operate under licence or an exemption. The sale of energy, under the Retail Law, includes the sale of energy at cost, i.e. without profit. National Consumer Framework The Eastern States (except Victoria) are governed by the National Energy Retail Rules (‘Retail Rules’) and National Energy Retail Law (‘Retail Law’), implemented as part of the National Energy Consumer Framework. Obtaining an electricity retail authorisation is a complex and time-consuming process. Broadly, it requires that an applicant prove to the Australian Energy Regulator (‘AER’) that it can meet financial, operational, and technical requirements. An alternative…
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