business

Arabon Accountants Director ID Number

What you need to know about the new Lifetime Director ID Number

Following a review of Australia’s business registers, Directors will be required to register for a new lifetime director ID number, much like a tax file number. The introduction of the new lifetime Director Identification Number (DIN) regime is part of the Government’s Modernisation of Business Registers (MBR) Program creating greater transparency and monitoring of the …

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Arabon Business Accounting modern award changes

Modern award changes and annualised salary arrangements

Following a decision of the Full Bench, the Fair Work Commission has finalised arrangements for modern award changes including the insertion of new annualised salary clauses into several modern awards with effect from 1 March 2020. These changes introduce important new practices for HR and payroll aimed at reducing “wage theft” and non-compliance with awards. …

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Arabon Business Accounting

Sale and Purchase of Business Restraints: How do they affect you?

Author: Sarah Jones, Legal Practitioner Director, JHK Legal When you enter into a sale and purchase of business agreement, the seller will usually be asked to agree to a restraint of trade for certain acts done in a certain area and a certain period of time. Usually, this will apply to both the entity selling …

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Arabon Business Payroll Policies Procedures

The importance of employment contracts, workplace policies and procedures

An employment contract is an agreement between an employer and employee that sets out the terms and conditions of employment.  It is not necessary to specifically agree on a contract for one to exist. The fact that an employee starts work for an employer brings with it certain fundamental implied terms, such as the right …

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