Broad ranging reforms to Australia’s competition regime have come into effect. Minter Ellison outlines the key amendments under the reform package that businesses should be aware of, such as changes to merger reviews and what that may mean for your approach.
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The Fair Work Amendment (Protecting Vulnerable Workers) Bill 2017 came into effect last month. Franchisors are exposed by the actions, or inactions, of their franchisee. FC Business Solutions provides a useful checklist to comply with the legislation’s amendment. For more go to http://bit.ly/1RKZe25 #kdkmedia #kdkbulletin
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The shipping industry was built on the vision of strong leaders who dared to sail through the storms. Once again it faces a period of disruption—this time from digital technologies. Now shipping leaders need to invest in digital technologies, integrate and be bold, according to the latest McKinsey report Container shipping: The next 50 years.
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The 2017 IPO market in Australia had a strong first six months, and the small cap sector, in particular, made an impressive showing, according to the inaugural HLB Mann Judd IPO Watch mid-year update.
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Developers with existing concept plan approvals may find these approvals subject to the new biodiversity regime. Dentons outlines some of the risks for developers and what they need to do to get the benefit of extended transitional provisions to have all future staged development applications approved under the old regime.
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The Government’s decision to walk away from the Clean Energy Target is clearly out of step with popular opinion if you go by The Australia Institute’s poll – 78% said the Australian government should introduce a new CET (it didn’t), and 81% said the CET should build renewables like wind and solar (it won’t). What happens to government’s that won’t listen …
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The High Court of Australia has decided to reconsider whether an employer has a duty of care when conducting a workplace investigation following Govier v Unitingcare Community. Weir Consulting says this case raises numerous questions such as how the employer is to resolve workplace incidents in a timely and fair manner if the employee is unwell.
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The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 covers the financial sector, gambling sector, bullion dealers and other professionals or businesses that provide services covered by the Act. From 12 December 2017, reporting entities must have an AML/CTF program to identify and verify customers; and identify, mitigate and manage the risk to prevent money laundering or terrorism financing. Here’s a handy checklist from Dentons.
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Australia’s talent mismatch between the skills job-seekers possess and those employers want has been highlighted in the Hays Global Skills Index 2017. The index shows it’s harder to secure the right talent now than it was a year ago, particularly for highly-skilled professionals in IT, engineering, financial and professional services.
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Many Australian workers are engaged in the service sector which, in turn, generates the largest component of national wealth; and increasingly we are exporting services. In recent times, Australia’s productivity performance has been poor, although this has been mostly the result of cyclical and industry-specific factors. See CEDA report on industry sector performance.
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Banks and insurers must make customer data safer and more secure. A global survey from Capgemini Consulting of more than 180 senior data privacy and security professionals found that less than a third of retail banks and insurers offer both strong data privacy practices and a sound security strategy. Only one in five organisations were found to be confident that they can detect a cybersecurity breach.
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Sixty four percent of Australians worry that organisations can access their digital behaviour, while 22% say they spend too much on their digital, and 40% will walk away from a business that fails to offer them a high quality digital experience. Interesting insights from EY’s Digital Australia: State of the Nation report.
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In a recent unfair dismissal claim heard at the Fair Work Commission, an employer came under fire for their lack of formal warnings and file notes regarding a dismissed under-performing employee. However, employers can breathe a sigh of relief says Hall & Wilcox as the Commission found employers need not formally warn employees.
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GST is now payable on offshore digital downloads following the Australian Government’s measures to widen the GST net. While the measures originally focused on taxing the supply of digital download products to Australian consumers, they also capture the supply of anything other than goods or real property made by offshore businesses to Australian consumers. Pitcher Partners advises businesses what to look out for.
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China’s Central Banking Regulator is investigating the domestic banking sector’s exposure to global investments made by several privately-owned group companies. Chinese regulators with oversight responsibility for foreign exchange, banking and state-owned enterprises introduced important policy reforms to address several emerging concerns. Interesting reading from KPMG for those engaging with China.
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