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The Fair Work Commission minimum wage panel decision of 16 June 2021 announced a 2.5% increase to the National Minimum Wage.
A large number of businesses rely on their Business Interruption (BI) policy to safeguard themselves from financial losses caused due to interruption to the trading. Coverage is provided in a number of different circumstances, including contagious diseases. On the other hand, insurance companies do not want to extend coverage for interruption caused due to pandemics.
AN OFFER YOU CAN’T (OR PROBABLY SHOULDN’T) REFUSE: KNOWING THE DIFFERENCES BETWEEN OFFERS OF COMPROMISE AND CALDERBANK OFFERS
Where Court proceedings have already been issued and the parties want to try and resolve the dispute early to avoid legal costs, reduce the uncertainty of the outcome of the proceedings or continue doing business together, an offer of settlement will typically be in the form of either an Offer of Compromise or in a Calderbank offer.
Refunds rising from the ashes: illegal phoenix activities provide basis for discretion to retain tax refunds (ATO Practice Statement 2021/2)
On 22 April 2021, the Australian Taxation Office (ATO) released Practice Statement 2021/2. This statement, entitled “The ATO’s administrative approach to the extension of the Commissioner’s discretion to retain tax refunds” (Practice Statement), provided an explanation of when the Commissioner of Taxation (Commissioner) can retain taxpayer refunds.