The recently launched director ID scheme aims to increase the accountability of directors and address illegal phoenix activity or where a new company, for little to no value, continues the business of an existing company that has been liquidated to avoid outstanding debts. Director ID’s will be made
I’m only a startup, should I be worried about my obligations under the Privacy Act?
Good question! Firstly, realise you’re a potential target because you are a start up! Despite your relatively small organisation size, it is important to create a foundation of strong data protection and security practices. An information-centric approach for small businesses could be key to
Bolter $50,000 Grant Winner Announced
spur: has been announced the winner of the $50,000 Little Giant Startup Grant following a virtual pitch night held Thursday 22 April, where the five startup finalists spruiked their business idea to a group of industry judges. spur:, who has secured the $50,000 prize split equally into cash and
What is a Company Secretary?
A company secretary is a senior official in a company. The company secretary directly helps and supports the Company’s board and directors and has a general obligation to assist a company to comply with its legal obligations. A company secretary’s responsibilities are contained within the
Do I Need A Company Seal?
A company is a ‘separate’ entity, so a company seal acts as the signature of a company and can be used to validly execute certain documents. In this article, we will discuss what is a company seal, the requirements for using a company seal and whether a company seal is mandatory. What is a company
Employers take note! Important changes to the minimum wage and overtime payments
Employers take note! The Fair Work Commission has increased the minimum wage and has released several important changes that affect employers. In June 2020, the Fair Work Commission (FWC) announced a 1.75% increase in the Australian minimum wage. The wage increase applies to all Award wages and is
Company Directors Beware: Increased liability for unpaid tax
In April 2020, company directors were made personally liable for their company’s unpaid GST, wine equalisation tax and luxury car tax. This liability has been added to director's previous personal liability for the pay as you go (PAYG) withholding tax and the superannuation guarantee
Budget 2020: Wrap-up for Startups
On Tuesday 6 October 2020, Treasurer Josh Frydenberg delivered the federal budget which has resulted in some significant tax cuts and even bigger infrastructure projects. If you look deeper into the Government’s Budget Paper, you will see some pretty nice wins for startups and small business. So,
How to Maintain an App
As important as the release of an app is its ongoing maintenance and upgrades. It is critical to keep in line with the provider’s software requirements, and ensure that it continues to meet your audience’s expectations. Many businesses fall into the trap of delegating a budget for initial app
Out of this world – The Space Industry by 2030
Oh, how the world can change in six months, but what about ten years? KPMG recently released a report where they asked 30 global leaders to predict what will happen within the space sector by 2030. KPMG got to the bottom of some burning questions, like 'are we able to live in space?' and 'how will
IP Australia: Upcoming fee changes
IP Australia will implement its new fee structure from 1 October 2020, including some increases in its registration fees. The fee structure changes mostly affect patent applicants, patent renewal fees and trademark applications. The changes aim to support innovators by balancing IP Australia's
Launch – How to release your App on the Google Play Store
Releasing an app is a big step forward for any business. While it may seem daunting, it isn’t as hard as it may seem. The two major platforms that developers release their apps on are Google Play Store and Apple App Store. This article help to inform you about how you can release an app on the