• Australia Firms up Penalties for Unauthorized Employment: International HR Services Team
  Australian government has introduced new provisions subjecting businesses and corporate employees to harsher penalties like compulsory civil penalty for employing unauthorized expatriate employee and individual liability for noncompliance, respectively.
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• Australia Amends Corporations Act; Empowers Australian Securities and Investments Commission to Wind up Abandoned Companies
  Australia empowers the Australian Securities and Investments Commission (ASIC) to wind up abandoned companies by introducing new provisions in the Corporations Act, which will assist employees who are owed entitlements to access the General Employee Entitlements Redundancy Scheme (GEERS).
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• Australia Amends Liability of Directors and Officers: Update International Expansion Services Team
  In order to simplify the process of imposing criminal liability on directors and managers of Australian Companies the Council of the Australian Governments (COAG) has decided, that all Australian jurisdictions will have a common code.
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• Australia Amends Trade Mark Law on April 15, 2013: Update from International Expansion Team
  The provisions of the Intellectual Property Laws Amendment (Raising the Bar) Act 2012 (Cth) proposing changes to the trade mark law in Australia were implemented on April 15, 2013.
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• Australia Amends Trademark Laws to Streamline Processes
  Australia’s Intellectual Property Amendment (Raising the Bar) Bill was converted into law on April 15, 2012, streamlining the process of applying for trademarks, opposing a trademark application and trademark infringement proceedings.
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• Australia Amends Transfer Pricing Regulations
  Australia has recently introduced the Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013 (“the Bill”) in the House of Representatives for approval.
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• Australia Announces Changes to Unfair Dismissal Related Thresholds
  The Australian government has announced an array of changes to the employment related financial thresholds, effective from July 1, 2013.
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• Australia Budget 2013-14: Fringe Benefits Tax Rate Increased, Scope of PAYG Extended and Proposed Income Tax Reductions Postpon
  The Australian government has released its budget for 2013 which targets savings to bring the budget back to surplus. With a budget that predicts a minor deficit next year and a surplus in 2015, Australia has made some positive assumptions, says Nair & Co.’s International Tax Consulting Team.
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• Australia Business Guide
  Australia Business Guide - Nair &Co. assists organization to meet the challenges while expanding in australia. We also facilitate with Legal documentation, registration process, employment laws, payroll, Taxes both direct & indirect & details on accounting.
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• Australia Business Guide: Set Up Your Business in Australia
  Internationalisation into a foreign location,is a complex process requiring a depth of information on varied laws , regulations and legalities.. Corporates who want to expand into Australia, need timely and accurate information on the the internationalization process.
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• Australia Increases Super (Superannuation Guarantee), the Required Employer Retirement Contribution Rate
  The Australian government has announced significant changes to the Super regime. Super contributions will eventually increase to 12% by 2020, reports Nair & Co.’s International HR Team.
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• Australia may limit employment-related tax benefits
  The Australian government has made strides towards imposing restrictions on certain employment-related tax benefits, reports Nair & Co.’s International Tax Team.
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• Australia Proposes to Reduce New South Wales Workers’ Compensation Benefits
  The Australian government has proposed to drastically revise New South Wales (NSW) workers' compensation benefits claims.
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• Australia Restructures Permanent Residence Programs
  Australia is restructuring two of its important permanent residence programs - the Employer Nomination Scheme (ENS) and the Regional Sponsored Migration Scheme (RSMS) to create a streamlined channel for foreign workers to get permanent residence.
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• Australia Revises Audit System to Improve Audit Quality
  The Australian government has passed a bill which would give the ASIC (Australian Securities and Investments Commission) greater powers to check audit firms lacking in quality control.
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• Australia Strengthens Data Privacy Laws
  Australia is working towards strengthening its privacy laws for both public sector and private companies based in the country. The Privacy Amendment (Enhancing Privacy Protection) Bill 2012 was passed by the Federal Parliament on 29th November 2012, and is expected to be effective from March 2014.
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• Australia Tax Changes may affect Multinational Employers and Employees
  The Australian Taxation Office (ATO) has introduced new regulations which may affect individuals including multinational employers and expatriates on international assignments working in the country, says Nair & Co. which provides global HR services for companies setting up foreign operations.
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• Australia to Reform Business Name Registration Process
  Australia will soon launch the National Business Names Register which will enable companies to use a single form to register a business name across all Australian states and territories.
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• Australia: Changes to Work Health and Safety Law Includes Severe Personal Liabilities for Directors & Officers
  The Australian Occupational Health & Safety (OHS) law recently underwent a series of changes, violations of which could result in fines of up to $600,000 and/or imprisonment of up to five years for corporate as well as individual executives
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• Australia: Court Case Emphasizes Importance of Following Correct Employee Termination Processes
  A federal court ruling involving employee termination in Australia demonstrated that following the right procedures and maintaining proper records related to long-term employee issues including workplace rights and absence from work, can protect the employer when facing an adverse action claim.
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