The Australian Government has confirmed crypto currencies will continue to be excluded from foreign currency tax arrangements. The government will move to legislate the current tax arrangements, meaning crypto assets will not be regarded as foreign currency for tax purposes in Australia. Capital gains tax will continue to apply to crypto assets held as investments....

Offering the benefits employees value can help reward and retain top talent and aid staff attraction. Training is the most valued workplace benefit (sought by 57% of employees) according to research from Hays Australia. The top five benefits sought also include more than 20 days’ annual leave (55%), ongoing learning & development (53%), mental and...

The skills that the workforce require for the future are changing faster than ever. Comparing the skills its members listed as most important for particular jobs in 2015 with those for the same jobs in 2021, LinkedIn found that 25% of those skills had changed in six years and estimated that between 43% and 45%...

The Council of Australian Life Insurers (CALI) set to launch later this year, will focus on meeting the evolving needs and expectations of customers and supporting the ongoing development of the life insurance industry. CALI will take over responsibility for the Life Insurance Code of Practice, previously under the remit of the Financial Services Council...

The Financial Counsellor and Director of the International Monetary Fund’s (IMF) Monetary and Capital Markets Department believes that as crypto is a global phenomenon a globally consistent approach to regulation is “very important”. “Ideally, every country in the world is aligned in terms of how they regulate crypto,” said Mr Adrian. Read article.

Stakeholder feedback has been considered and draft Training Package materials updated for the Emergency Management project. This project is addressing the skills requirements for the management of emergency response to help build Australia’s disaster resilience. Feedback is required to validate these draft materials to ensure the proposed products meet industry needs. Further information including draft...

A person conducting a business or undertaking must do what is ‘reasonably practicable’ to ensure health and safety in the workplace. So, what is ‘reasonably practicable’? This short video from the Department of Mines, Industry Regulation and Safety, Western Australia and WorkSafe looks at the definition of ‘reasonably practicable’ and what it means for a...

New State employment laws which came into effect yesterday (Monday 20 June 2022) will increase protections for workers and modernise the WA industrial relations system. From Monday, Western Australian workers will have access to the WA Industrial Relations Commission (WAIRC) to address claims of workplace bullying and sexual harassment. The Industrial Relations Legislation Amendment Act...

On the 31st of March 2022, most Western Australian workplaces came under a single Work Health and Safety Act that reflects our modern working conditions and is more consistent with work health and safety laws across Australia. This short video from the Department of Mines, Industry Regulation and Safety (DMIRS) and WorkSafe looks at some...

The annual February mobility survey published by the Bureau of Statistics in May shows an increase in the proportion of workers switching jobs, from a record low of 7.5% to 9.5%. Although this demonstrates a slight increase, these figures are low compared to historical job mobility levels with nearly one in five Australian workers changing...