New Paid Parental Leave scheme: no law yet, but tax practitioners will be involved
In the 2009-10 Federal Budget on 12 May 2009, the Federal Government announced it would introduce a Paid Parental Leave (PPL) scheme. While legislation for the new scheme has yet to be introduced in Parliament (although a package of 3 Bills is proposed for introduction in the first session for 2010 ), draft minutes of ...more
Executive termination payments – law to be amended
The Treasurer and the Minister for Superannuation and Corporate Law have announced reforms aimed at ‘curbing excessive golden handshakes’ (or termination payments) paid to company executives. The Government proposes to amend the Corporations Act 2001 to lower the threshold at which termination payments must be approved by shareholders from the current seven year’s average base salary down to one year.
Facebook
Twitter
Rss
Tax & Accounting Insight delivers best practices’ insights from leading tax & accounting experts and publications in Australia as well as Tax & Accounting resources and news to help professionals keep up-to-date on major industry issues.
Recent Comments