Grange Business Partners

27

Feb

2015

What do you need to know about the new privacy laws?

category: Accounting, Business

On 12 March 2014, reforms to the Privacy Act 1988 (Cth) came into force. Ultimately, the changes relate to businesses’ handling of personal information, and impose more onerous requirements on business in the treatment of that information. If these changes are not complied with, businesses could face penalties for a breach of privacy. The key

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20

Feb

2015

Accessing Your Super Early Can Be Costly

category: Accounting, Business

A recent case decision highlights the penalties that may be imposed for incorrectly accessing your super early. The decision made by the judge in the case of Deputy Commissioner of Taxation V Lyons resulted in Mr Lyons having to pay a monetary penalty of $32,500 and the commissioner costs of $5,000. The Fund also lost

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