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Posted on Jul 25, 2016

No copyright in digital data signals, says Full Federal Court

The Full Federal Court has confirmed in Commissioner of Taxation v Seven Network Limited [2016] FCAFC 70] that the Copyright Act does not protect digitally created streams of data representing the sounds and images of live content which is then broadcast. Clayton Utz acted for Seven.

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Posted on Jul 11, 2016

Lack of diversity in Australia’s media and entertainment workforce will hinder industry growth, PwC

A lack of diversity in Australia’s media and entertainment workforce in terms of ethnicity, gender, age and thinking is dragging on the industry’s growth. We are forecasting low growth ahead, so it’s time the industry does things differently.  Embedding diversity – in your talent, your geography and your business models – should be considered a strategic imperative for growth.

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Posted on Jun 27, 2016

6 things Gadens wants you to know about changes to NSW stamp duty

NSW stamp duty surcharge: As of 21 June 2016, foreign purchasers of residential land in New South Wales may be exposed to additional stamp duty and land tax charges.  There are six key points you need to understand including stamp duty surcharge on foreign purchasers and foreign controlled companies or trusts.

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Posted on Jun 20, 2016

Business tells pollies that tax is critical for the economy

Politicians urged to back business: We are looking to our politicians to take action across a number of policy fronts – to enable agile workplaces of the future, to create a globally competitive tax system, to ensure regulation isn’t holding back productivity and innovation. But tax settings are critical, and they are a controllable factor we can change now.

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Posted on Jun 13, 2016

ASX 201-500 companies see 50% rise of women on boards in past two years, KPMG

50% rise of women at senior executive level: KPMG’s report shows there is a low level of disclosure of the number of women at senior executive level. The report says companies which disclosed clear objectives demonstrated a higher level of gender diversity than those which did not set targets with ASX 201-500 companies seeing a 50% rise in the proportion of women on boards in the past two years.

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Posted on May 30, 2016

Data analytics in high demand but CIOs concerned about shortage of IT skills, KPMG

Data analytics skills in demand, KPMG: CIOs say they still are hindered by the greatest technology skills shortage since the Great Recession almost a decade ago. Two-thirds say they believe a lack of talent will prevent their organisation from keeping up with the pace of change. Data analytics (39%) is the most in-demand skill. Digital (21%) is the biggest jump in skill demand year-over-year, followed by security (17%).

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Posted on May 23, 2016

How the Australia Singapore bilateral deal helps your business and employees, Ashurst

Australia-Singapore deal opens doors: Changes to bilateral commitments between the Australian and Singaporean governments will make it easier for eligible Australian business people and professionals to enter and work in Singapore. The entry and work rights for spouses and dependents will also be expanded. These changes give greater recognition of Australian professional engineers and accountancy services qualifications, as well as greater certainty for Australian lawyers and law firms operating in Singapore. Organisations working with Singapore should continue to monitor these developments, and reconsider their staffing and recruitment plans in light of this increased flexibility. George Cooper is a partner at Ashurst.

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Posted on May 16, 2016

Public profile is key for women entrepreneurs’ business success in Asia Pacific, EY survey

Public profile is key for women entrepreneurs: A new survey by EY reveals women entrepreneurs add enormous economic value to the Asia-Pacific region generating a combined $US5.5 billion in 2015 revenues. In Australia and NZ, consumer products and services is the top industry for women entrepreneurs, however, 60% of respondents surveyed said they haven’t explored external investment. Research shows the most successful entrepreneurs accelerate growth by establishing key advisory networks, evaluating financing for expansion, and building a public profile.  Annette Kimmitt is EY’s Global Middle Market Leader and Executive Sponsor, EY Entrepreneurial Winning Women™ For more information see:

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Posted on May 9, 2016

Income tax cuts are anti-growth and unfair, Australia Institute

Income tax cuts are anti-growth, Australia Institute: Cutting service spending to deliver tax cuts to high income earners is likely to reduce economic growth and increase inequality. High income individuals spend less and save a larger proportion of their income than those on lower incomes. If the government sticks to its claims, the net result will take money out of the economy. This will be anti-growth. An increase in the second highest tax threshold to $90,000, together with scrapping the Budget repair levy, would flow entirely to the 30% on the highest incomes. Matt Grundoff is senior economist at the Australia Institute.

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Posted on May 4, 2016

Budget 2016 missed opportunity for real tax reform, CPA

Tax change is not tax reform, CPA: This Federal Budget is about setting up an election campaign and is another lost opportunity for real reform. The bigger tax threshold questions remain unaddressed. There is over-reliance on income taxes at the individual and company levels, and under-reliance on taxes on consumption. There is also the absence of reform of the most inefficient taxes that businesses and investors face. It is the job of political leaders to make the hard decisions. We need leaders prepared to put their jobs on the line to get things done, not to continually defer hard decisions. Alex Malley is chief executive of CPA Australia.

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