Uncategorized
Duties Amendment Bill to Encourage Urban Infill
In a joint media statement released by Ministers Saffioti, Ellery and Carey, the Duties Amendment Bill 2023 was announced. The Bill is set to incentivise buyers of off-the-plan apartments in multi-story developments by providing them with an upfront concession on the transfer duty owed. For buyers of eligible properties valued up to $650,000, the duty...
Uncategorized
Planned ANZ and Suncorp Merger Rejected
The Australian Competition and Consumer Commission (ACCC) has rejected the merger application for ANZ Banking Group to acquire Suncorp Group’s banking arm. The ACCC is concerned that the merger would reduce competition in the mortgage market and further entrench the quadropoly of the four major banks. Under the statutory test, the competition watchdog must be...
Uncategorized
Property and Mortgage Insights – FY2023 Reports
The Property Insights report published by Property Exchange Australia Ltd (PEXA) reveals that property settlements were down across Australia in FY23 (-18.6%) compared to the previous financial year, however there are signs the second half of the year will recover. Even though interest rates are continuing to change, houses are still very much sought after...
Uncategorized
IDEA and the Next Generation of Innovative Entrepreneurs
FAPSTC met with the Innovation Design Entrepreneurship Academy (IDEA) Director, Nicole Gazey, and heard about the innovative approach to supporting and nurturing the next generation of WA’s innovators and entrepreneurs. We encourage you to visit their website to find out about the amazing work they are doing. Follow the link here.
Uncategorized
WA Training Awards 2023 Finalists Announced
FAPSTC wishes to congratulate the individual and organisation finalists in the 2023 WA Training Awards. The Minister for Training, Simone McGurk, announced the 45 finalists composing of 31 finalisted competing for 8 individual awards and the remainging 14 for 5 organisation categories. There is a presentation ceremony in September, which will see the winners announced....
Uncategorized
Youth Custodial Officers Salary Structure to be Upgraded
The Department of Justice has release a media statement outlining pay increases for YCOs. The Department and the CPSU/CSA have come to an agreement to increase the salary of the YCOs at Banksia Hill Detention Centre. These YCOs are highly trained with the neccessary skills and knowledge to care for and work with the young...
Uncategorized
For employers: ATO releases videos explaining Super Guarantee
Following the July 1 increase in the Super Guarantee (SG), the ATO has put together a series of videos for employers and tax professionals. The videos are intended to help employers understand their superannuation obligations and to provide information on superannuation guarantee charge (SGC) statements for tax professionals in the event their client misses their...
Uncategorized
A Year of Records in the Perth Property Market
According to REIWA, the 2022-23 financial year saw records being broken in the Perth real estate market. While house prices and rental prices increased despite numerous interest rate rises; the time to sell a property was the fastest on record, and the rental vacancy rate was the lowest ever. Read more here.
Uncategorized
VET Qualifications Register for Secondary Students
The VET Qualifications Register for Secondary Students has been updated for the 2024 school year and is available on the Department of Training and Workforce Development website. The Register, which is updated annually based on intelligence Training Councils have gathered from industry, provides information on qualifications that are suitable to be delivered in schools, including...
Uncategorized
Family and Domestic Violence Leave
As per the Fair Work Ombudsman, the National Employment Standards entitles employees (including part-time and casual employees) of small businesses to be entitled to 5 days of unpaid family and domestic violence leave each year. From 1 August 2023, employees of small business employers can take 10 days of paid family and domestic violence leave....
