The Victorian State Budget for the 2020-21 year has a focus on “people” and economic stimulus in order to assist the economy recover from the Covid-19 pandemic lockdowns.

The budget focused on promoting investment into housing and planning, rebuilding the state and its economy.

Following a previous announcement in the 2019-20 Budget, the Federal Government has recently introduced a new category of deductible gift recipient (DGR) to enable community sheds (such as Men’s Sheds and Women’s Sheds) to access the DGR concession.

The Federal Court has awarded a payout of more than $5.2 million to a sacked senior manager of a publicly listed tech company, including a penalty of $7,000 payable personally by the company’s CEO.

Following multiple cyber-attacks to financial service adviser RI Advice Group Pty Ltd (RI), the Australian Securities and Investments Commission commenced proceedings against RI alleging contravention of its obligations under the Corporations Act 2001 (Cth) (Corporations Act) for failure to have adequate cyber security systems as an Australian Financial Services licence holder.

The Federal Circuit Court has ordered a small Ballarat massage parlour, its accountant and officers of the employing company to pay penalties totalling $19,100 for contraventions of the Fair Work Act 2009 and Hair and Beauty Industry Award 2010 over a 7 month period ending in July 2017.

Succession planning in relation to the family farm can be a difficult exercise. Comprehensive planning and the careful structuring of ownership can alleviate many problems that might otherwise arise.