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  • 15-Nov-2021 11:16 | Tracy Dawson (Administrator)

    All too often entrepreneurs who start a business or acquire a business overlook the fact that having a documented understanding and agreement with their business partners is a vital part of building a successful business.

    Types of Agreements

    Business ownership agreements include shareholder agreements, partnership agreements, unitholder agreements and joint venture agreements.

    Why Have One?

    These types of agreements are important for a number of reasons including:

    • estate/succession planning
    • tailoring the rights and obligations of the participants including in respect of governance, decision-making, exits (including forced exits, death and incapacity), entry by new participants, distributions, and restrictive covenants
    • endeavoring to limit the potential for disputes
    • supplementing the (general) provisions of the relevant Constitution, trust deed and legislation

    Free Questionnaires

    Matthews Folbigg Lawyers have developed questionnaires that can be used to assist those contemplating a shareholder agreement, partnership agreement or unitholder agreement. If you would like free copies of their questionnaires, simply contact Phillip Brophy or Douglas Brown and they will email them to you.

    More Information

    Please contact our commercial law team at Matthews Folbigg Lawyers on 9635 7966 if you would like advice or assistance in respect of preparing or negotiating a business ownership agreement or in respect of any other business related matter.

    If you would like to read more about the broad range of commercial law services please visit www.matthewsfolbigg.com.au


  • 15-Nov-2021 10:23 | Tracy Dawson (Administrator)

        

    Bring your team together to redefine and reconnect in 2022.

    Take advantage of PARKROYAL Parramatta's discounted day delegate package starting from AUD74 and you could receive a range of rewards for your next conference!

    For:

    20+ delegates = choose one reward below

    30+ delegates = choose two rewards below

    40+ delegates = choose three rewards below

    Your reward options include:

    • For every ten paying delegates, the eleventh delegate is free
    • Five complimentary parking passes per day
    • Complimentary all day Barista Coffee Machine
    • Networking drinks (1/2 hour duration)
    • Upgrade your morning or afternoon tea

    Plus host a residential conference, with accommodation rates starting from AUD170 including breakfast for one and enjoy three of the above benefits and an additional $500 credit to use at your next event.

    For more information, please contact to the PARKYROAL Parramatta team on:

    P: 02 9685 0309

    E: events.prsyp@parkroyalhotels.com


  • 12-Nov-2021 15:35 | Tracy Dawson (Administrator)

    From breakfast on the lion deck to sunset drinks with reptiles, Gold Member Sydney Zoo are now offering a range of unique event experiences.

    With their NEW functions & events packages, planning your next event at Sydney Zoo has never been easier. 

    Their morning, lunch and sunset packages will set you above the rest and provide an unmatched experience for your staff, clients, families, or friends.

    Check out all the info at sydneyzoo.com/functions-events or get in touch via the details below.

    P: 02 7202 2560

    E: events@sydneyzoo.com


  • 10-Nov-2021 17:03 | Tracy Dawson (Administrator)

    By Rachael Wade

    Phase two of The ATO’s Single Touch Payroll (STP) reporting regime is due to come into effect on 1 January 2022. STP 2.0 is expected to bring the greatest amount of complexity since the regime was introduced in July 2019. Find out more about STP 1.0 here.

    STP 2.0 requires employers to provide more detailed payroll information to the ATO than ever before – the Government anticipates that this will reduce the burden of reporting to other Government agencies.

    When does STP 2.0 come into effect?

    The major accounting software suppliers including Xero and Reckon will contact you regarding their planned software upgrades to deal with STP 2.0.

    If your chosen software is ready by 1 January 2022, you will be expected to transition to STP 2.0 by 1 March 2022.  If the ATO has granted your software supplier a deferral – this deferral will automatically apply to all users.  If you’re unsure if your software supplier has been granted a deferral, please contact William Buck.

    Employers may apply for individual deferrals from December 2021.

    Click here to find out what the key changes are and what you should do next. 


  • 10-Nov-2021 15:42 | Tracy Dawson (Administrator)

    By Scott Harrington and Michele Nevill

    From 1 November 2021, all directors of registered bodies are required to obtain a Director Identification Number (DIN). A DIN is a unique identifier that has been introduced as a means of addressing phoenixing arrangements, to help reduce fraud and fictitious behaviours and to enable tracking of directors and their relationships with different companies. Once a director has received their DIN, they will keep it permanently, even if they cease to be a director or move overseas. Read William Buck's previous article here, to find out more about the scheme, its governing legislation and penalties that apply should a director fail to obtain a DIN.

    Do I need a DIN?

    If you’re a director of an Australian registered body or a director of a foreign company registered with ASIC and carrying on business in Australia (regardless of where you live), or you wish to become a director in the future, you’ll need a DIN.

    Click here to find out:

    • When you need to apply?
    • How to apply?
    • What you do with the DIN once you have it?

    Read More


  • 04-Nov-2021 10:35 | Tracy Dawson (Administrator)

    The construction of Sydney’s new airport is directly injecting more than $100 million into businesses in Western Sydney, as new vision shows the incredible transformation of the site since earthworks began.

    A new timelapse animation demonstrates the significant engineering feat underway to build Western Sydney International (Nancy-Bird Walton) Airport, using 3D survey scans combined with high-grade satellite imagery to capture the evolving topography of the massive 1,780-hectare site.

    Western Sydney Airport (WSA) Chief Executive Officer Simon Hickey said more than 20 million cubic metres of earth has been moved to date in what is one of the biggest earthmoving challenges in Australian history.

    “Construction of Western Sydney International has already led to more than $100 million being contracted to businesses across Western Sydney and we are only at the beginning of the build,” Mr Hickey said.

    “These Western Sydney businesses – from Indigenous businesses to small and family-run businesses - are delivering equipment and services we need to build Sydney’s new airport.

    “Beyond this direct investment, we know the flow-on effects of this economic stimulus go much further when it comes to boosting the local economy, whether it’s the construction worker buying lunch at the local café or refueling at the local petrol station.”

    “This is just the beginning – the employment and investment opportunities for Western Sydney will continue to significantly increase once terminal construction commences later this year and runway construction begins in 2022.”

    Mr Hickey said WSA is continuing to exceed all employment targets for local, Indigenous and learning workers.

    Half the project’s workforce is from Western Sydney, exceeding the construction phase target of 30 per cent. From 2026 when the airport opens, at least 50 per cent of people working at the airport must be from Western Sydney.

    “This project will be a game-changer for Western Sydney locals who want to work closer to home and have more time to spend with their families, not just in the construction phase, but for many decades to come,” Mr Hickey said.

    “It’s more important than ever that a nation-building project like Western Sydney International gets on with the task of creating jobs and driving the local investment Western Sydney needs to recover from the pandemic.”

    Two Way Cranes Founding Director Frank Zammit said he is proud to see his cranes at work on the airport construction site as a subcontractor on major earthworks.

    “I’m a proud Bringelly boy and have lived in Western Sydney all my life – my family were local dairy farmers in the area – and watching the progress being made here and being a part of it is so exciting,” Mr Zammit said.

    “It’s exciting to be playing a part in the future development of Western Sydney and it’s great to see the opportunities the airport is already bringing to local businesses and workers.”


  • 26-Oct-2021 13:45 | Tracy Dawson (Administrator)

    Can you see your best people burning out? Are you are afraid that they will either burn out completely or leave?

    As a manager, you want to do right by your team and support them during intense work periods so they don’t get burned out. But this can be a challenge when you’re feeling overly stressed yourself.

    How can you take care of yourself to have the time and energy to support your team? What steps do you need to take to reduce your stress level? And what actions can you take to improve your team members’ well-being?

    The truth is that the risk of burnout is higher than its ever been before. As we head back into offices and COVID restrictions lift, most leaders find that they are already going full pace but feel the pressure to say "yes" to even more.

    That's why we're offering a live-streamed workshop with practical techniques to help you look after your high performers and yourself, turn ‘too much’ into ‘the right challenge’ and feel in control again.

    In this live-streamed microlearning workshop, you’ll discover:

    • How to look after your best people so that they don’t burn out
    • How to look after yourself too!
    • Negotiate an intelligent and realistic plan for hybrid work
    • How to set boundaries and stick to them without appearing less committed
    • Determine your ‘gold threads’ to help avoid burnout
    • Adapt the ‘voice in your head’ so that it works for you, not against you
    • Get practical tools you can implement straight away
    • Have the chance to have your specific questions answered by Diana

    Don't leave it to chance. Left unchecked, burnout will wreak havoc on your health, happiness, relationships and job performance. Find out how to catch burnout and combat it early.

    Secure your seat now for this exciting live training event.

    WHAT'S INCLUDED

    • 45-minute live-streamed workshop

    • 15-minutes live Q&A

    • Printable Action Pack with tools, techniques and templates

    • 30-day access to a recording of the session

    MEET YOUR FACILITATOR

    This highly interactive workshop is presented by Diana Tapp, CEO of World Class Teams. Diana is Australia’s #1 High Performance Team Consultant and author of the book “Unleash Your Team's Potential”.

    WHAT OTHERS SAY

    "The tools & techniques Di gave us worked! Di is intelligent, experienced, inspiring, influential and so much more".

    Brodie Collins, GM of Global Accounts, MONDIALE FREIGHT SERVICES

    "Di, you were first class and I got so much out of the course. I look forward to now implementing and utilising the tools I learnt".

    Paul Mercieca, Project Leader, LION

    Places are limited, so get in quickly to secure your seat.

    BOOK YOUR TICKETS now or for more information please contact World Class teams on 1300 085 248 or email info@worldclassteams.com.


  • 25-Oct-2021 11:51 | Tracy Dawson (Administrator)

    Western Sydney students are being inspired to take up exciting careers in STEM and work at Sydney’s new airport in the future thanks to a new partnership between Western Sydney Airport and Australia’s national science agency, CSIRO.

    Western Sydney Airport (WSA) has teamed up with CSIRO’s STEM Community Partnerships Program (STEM CPP), as part of the Generation STEM initiative, inviting high school students to visit the airport construction site and hear from the experts bringing Western Sydney International (Nancy-Bird Walton) Airport to life.

    Western Sydney Airport Chief Executive Officer Simon Hickey said the airport will be the catalyst for the creation of tens of thousands of high-quality jobs and opportunities across the region, in areas such as education, manufacturing, engineering and defence.

    Once operational, at least half of all jobs at the airport will go to Western Sydney locals.

    “We want to inspire and empower the next generation of creative young minds to take up a career in STEM and perhaps work at Western Sydney International in the future,” Mr Hickey said.

    “Whether it be protecting critical infrastructure through a career in cyber security, or building tomorrow’s technology as a robotics technician, the possibilities are endless.

    “Most importantly, we want to show our young people that these exciting career opportunities will be right on their doorstep in Western Sydney by the time they are out of university.”

    The program kicked off in September with a virtual presentation to Year 9 and 10 students from schools across Western Sydney including Cabramatta High School, Hoxton Park High School, Liverpool Boys High School, Clancy Catholic College West Hoxton and St Marks Catholic College.

    The students heard from WSA engineers who shared insights into their own STEM career journeys, including the trials and tribulations that can be experienced along the way. They also heard about the pathways available to reach STEM career opportunities the airport will create when it opens in late 2026.

    CSIRO Director of Education and Outreach Susan Burchill said the program was designed to inspire local students into STEM pathways and showcase exciting career opportunities.

    “As Australia’s national science agency, CSIRO is solving the greatest challenges through innovative science and technology. We want to ensure that this continues by supporting the next generation of Australian scientists,” she said.

    “Local students are perfectly positioned to take advantage of new job opportunities and career pathways opening up around Western Sydney International and be the next generation of leading innovators. Through this partnership, we are encouraging them to pursue their passion for science, technology, engineering, and mathematics (STEM).

    “The virtual information session was a fantastic opportunity for local students to learn about new job opportunities and career pathways opening up in the region.”

    CSIRO’s STEM CPP is an education program designed to empower Year 9 and 10 students with relevant STEM skills. The program is tailored to support the skills demands of current and emerging local industry, connecting teachers and students with STEM businesses, showcasing the relevance of STEM in everyday life and increasing student engagement in related subjects. Students benefit from exposure to real-world applications of STEM and heightened awareness of local STEM career pathways. For information click here


  • 07-Oct-2021 15:49 | Tracy Dawson (Administrator)

    By Blake Scheffers from William Buck

    The Federal Government has officially announced its plan to transition away from the COVID-19 Disaster Payment as states reach their vaccination targets.

    The changes are as follows:

    70% Vaccination Rate (16 years and older)

    • The payment will cease to automatically renew. Individuals must reapply each week to confirm their eligibility.
    • Payment amounts remain the same.

    80% Vaccination Rate (16 years and older)

    • The payment will step down over two weeks from the first week after the target is reached.

    Week 1:

    • Flat payment of $450 for those who have lost more than 8 hours of work.
    • The supplement for those on income support decreases to $100 from $200 currently.

    Week 2:

    • Flat payment of $320 (same as JobSeeker) for those who have lost more than 8 hours of work.
    • The supplement for those on income support is removed.

    After the two-week phase out, individuals will need to look at other social security payments if necessary.

    The Pandemic Leave Disaster Payment remains in place until 30 June 2022. This payment provides support for individuals if they can’t earn an income because they must self-isolate, quarantine, or are caring for someone with COVID-19.

    These changes are regardless of whether a state remains in lockdown or still has significant restrictions in place.

    Contact your local William Buck advisor if you or your employees are impacted by these changes.



  • 07-Oct-2021 15:37 | Tracy Dawson (Administrator)

    By Blake Scheffers and Tim Lyford from William Buck

    The NSW Government has announced phasing out of its business support payments as vaccination rates in NSW reach the 70% and 80% targets and government restrictions are eased. These changes are set out below.

    70% Double Vaccination Rate (16 years and older)

    • JobSaver
      • Payments will reduce from 40% to 30% of weekly payroll
      • Minimum weekly payment will be $1,125
      • Maximum weekly payment will be $75,000, and
      • Weekly non-employing business payment amount will reduce to $750.
    • Micro-business Grant
      • No changes

    80% Double Vaccination Rate (16 years and older)

    • JobSaver
      • Payments will reduce from 30% to 15% of weekly payroll
      • Minimum weekly payment will be $562.50
      • Maximum weekly payment will be $37,500, and
      • Weekly non-employing business payment amount will reduce to $375.
    • Micro-business Grant
      • Fortnightly amount will half to $750

    On 30 November

    • Both JobSaver and the Micro-business grant programs end.

    These payments will continue to be paid on a fortnightly cycle until 30 November. Reconfirming your eligibility, including that businesses continue to experience a 30% decline in turnover, will be required until the end of the program.

    It’s expected that the NSW Government will announce its Economic Recovery Plan in October with the aim of boosting business confidence, jobs growth and injecting targeted stimulus as restrictions ease across NSW.

    Contact your William Buck advisor for more information on the COVID-19 Support packages.

    Related Article: COVID-19 Disaster Payment To Be Phased Out By Blake Scheffers 



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