SDP welcome the recent NSW Budget measures, the announcement for payroll tax reforms to boost jobs and will aim to kick-start business with payroll tax relief.

So, what exactly is changing and what does it mean?

• Under the changes announced in the Budget, the payroll tax threshold for business will be raised from $689,000 to $750,000 on 1 July 2013.

• The changes will provide tax relief to thousands of businesses…

July is soon approaching and with that we will see the reforms to the 457 visa scheme come into effect.  Latest updates announced by the Government on the controversial 457 visa scheme include;

• Increase of visa application charge; $900 instead of the current $455
• Employers will need to make every effort to employ…

The recent article published in the Sydney Morning Herald, ‘Is the party over for IT recruiters?’ described the Information and Communications Technology (ICT) sector as “slow times and belt tightening” stating that it has sent recruiters’ profits plummeting.

Is this really the case though? 

According to a recent published report …

As we all know from the 1st July 2013 the Superannuation Guarantee Rate will be increasing from 9% to 9.25%.  The increase in contributions will continue each year until reaching a level of 12% as outlined for the financial year 2019/20.

With many recruiters in speculation at the moment, as to whether or not to charge the increase back to their end client especially in terms of any existing contracts that go beyond 30 June 2012.  So with this in mind…What decisions are…

A Temporary and Contract desk is proving itself as a key factor in sustaining a competitive and robust marketplace within the recruitment industry in Australia. With the growth of the contingent workforce, it is imperative that recruiters adapt and streamline their processes and operations to accommodate these employees.

Last year the recruitment market saw a steady and stable development, however some recruitment agencies still faced cash flow…

The Minister for Immigration & Citizenship, the Hon Brendan O’Connor MP, has announced some major changes to the subclass 457, Temporary Work (Skilled), visa program.  While the Minister’s statement presents changes to Immigration policy the Department of Immigration & Citizenship (DIAC) is still finalizing the details of the legislative.  Most changes are expected to be introduced on 1 July 2013.

A summary of the Minister’s announcement is as…

 

How much of what was announced in the budget will actually become law?



Given that this is an election year with the current government’s chances of being re-elected are low, that is the question in everyone's mind.  As it was expected budget deficit, disability scheme and spend on education etc.  are confirmed.  I shall not go into the macro economic items, but will focus on what are the tax, super and other…