ASIC Banned and Disqualified Register

Well I was pleasantly surprised to learn ASIC has a seemingly transparent, accessible online search register of Banned and Disqualified persons and organisations.

ASIC being the Australian Securities and Investment Commission.

Excerpt from ASIC website

Banned and disqualified

The ‘Banned and disqualified’ search provides information about people and organisations that ASIC has disqualified or banned.

Notwithstanding I have founded grievances and continued sceptism over the actions, inaction and effectiveness of ASIC in its role as national regulator for the financial services industry, there is nonetheless a host of information at the website and there are certain legal perimeters which need to be abided by.

Following various Inquiries and present Royal Commission into the banding and financial services industry ASIC have noticeably made changes. It certainly is purporting to be doing its job.

ASIC does, after all, have access to resources in its role which it appears have applied in part to upgrade its service and obligations.

If you are in business, have a company or any financial dealings whatsoever, it is advisable to visit the ASIC website, if only to check media releases.

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SuperStream

Super Stream what is it?

SuperStream is a standard of measures, introduced by the Federal Government,  for processing superannuation data and payments electronically.

The main aim of SuperStream is to ensure employer contributions are paid in a consistent, timely, efficient manner.

Under SuperStream, you need to pay super contributions for employees electronically (EFT or BPAY) then send associated data electronically.

SuperStream

If you make super contributions for employees you need to get ready forSuperStream.

Businesses with 20 or more employees should already be using SuperStream. Businesses with 19 or fewer employees had until the end of June 2016.

However, the ATO extended the deadline to small businesses to 28 October 2016 to get SuperStream ready.

This means the ATO will not be taking compliance action against small businesses that missed the 30 June deadline.

To read up on SuperStream info supplied by the ATO, click here.

You can also find information on ATO web page for Small Business Superannuation Clearing House and case studies on the website.

Source:  The Tax Institute

 

Small Employers (19 or less employees)

What are your options?

You have two options to comply with the new standards. You can either use;

  • a software solution that conforms to SuperStream, or
  • a provider who can arrange SuperStream compliance on your behalf, like Sunsuper.

 

Other Resources

Find out more about Sunsuper’s SuperStream solutions or call 13 11 84 to discuss requirements

SuperStream employer checklist | Australian Taxation Office

Superguide founded by Trish Power, author of Superannuation for Dummies, Super Freedom (a woman’s guide to super), and DIY Super for Dummies.

 

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Early Stage Venture Capital Partnership

The operation of an Early Stage Venture Capital Limited Partnership 

How it works

A fund registered as an Early Stage Venture Capital Limited Partnership can only make eligible investments.

While it maintains its registration, any returns from those investments are tax free.

An Early Stage Venture Capital Limited Partnership is regulated by the Venture Capital Act 2002 and the Income Tax Assessment Act 1997 and:

  • must self-assess that its activities comply with the legislation
  • submit quarterly and annual activity reports to the Board

The Board, in conjunction with the Australian Tax Office, will:

  • monitor Early Stage Venture Capital Limited Partnerships to assess each fund’s compliance; and
  • may revoke registration where an Early Stage Venture Capital Limited Partnership is found to have contravened the legislation.

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SOURCE CREDIT

Australian Government Business

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Register your Interest for Business Forum 2016

Register your Interest for Business Forum 2016

Business Forum programme for 2015, professed by Chartered Accountants Australia & New Zealand CAANZ as the leading education event for business and finance professionals, has now come to an end for another year all but for Wellington, New Zealand with the Wellington programme commencing on 25 June and running through two days ie 25 and 26 June.

There’s still opportunity to register for the Wellington programme and be sure to register your interest for Business Forum 2016.

 

Brisbane  

Get in early and register your interest for 2016 today.

Sydney

Get in early and register your interest for 2016 today.

Melbourne

Get in early and register your interest for 2016 today.

Adelaide

Get in early and register your interest for 2016 today.

Perth

Get in early and register your interest for 2016 today.

Wellington

June 25 – 26

Register your interest

 

CAANZ Business Forum 

 

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Engaging Early Stage Investors Boardroom Briefing Innovation Centre Sunshine Coast

Innovation Centre Sunshine Coast header

Boardroom Briefing

Engaging Early Stage Investors

Many early stage founders and entrepreneurs expend a lot of energy working to secure investment. And it’s for good reason this early capital injection is sought –the removal of financial constraints can put a founder in the best position to quickly turn their concept into a tangible, revenue-generating product.Our next Boardroom Briefing is for any founder or entrepreneur considering or preparing for early stage investment. IC Mentor Mark Ferris will look to demystify the investment process, drawing from his experiences as a founder, startup board member and angel investor.Mark will provide insight on:

  • What your business should look like before seeking early stage investment?
  • What are the various investment options available to early stage startups?
  • Where should you go to meet angel, venture capital and private equity investors?
  • What you should expect from your investors at the early stages of the business?
  • What will your investors expect from you?
WHEN 12:00 – 1:30pm
Tuesday 15 April 2014
WHERE Boardroom
Innovation Centre Sunshine Coast
90 Sippy Downs Dr, Sippy Downs
COST Free for members, USC staff and students
$20 (ex GST) for guests
Includes a light lunch.
REGISTER Via our website.
Mr Mark Ferris
After practicing commercial law in South Africa, Mark spent the bulk of his career in Tokyo, Japan. Over an 18 year period, he founded or co-founded ventures offering services and solutions in Information Technology, Business Process Outsourcing, Market Research and Marketing Solutions. He developed skills in business development, corporate strategy, fund raising and team building and, on three occasions, sold these assets to third party investors resident in USA, Hong Kong and Japan. After relocating to Australia in 2012, Mark has been active as an angel investor, business mentor and board member. Outside of business, Mark advises a charity he co-founded, composes music and spends family time with his wife and 12 year old daughter.
Mark Paddenburg and Dean Alle will facilitate Q&A and discussion after the presentation.
Innovation Centre Sunshine Coast is supported by:
Founder and Major Sponsor University of the Sunshine Coast
Major Supporter Queensland Government
Gold Sponsor BigAir Community Broadband
Silver Sponsor Suncorp Bank
Professional Partners Poole Group and Zerobooks.com
RADBE Consulting
redchip lawyers
The Innovation Centre Sunshine Coast Pty Ltd is a company of the University of the Sunshine Coast. This email was sent by Innovation Centre Sunshine Coast. The Innovation Centre Sunshine Coast can be reached at:
A: 90 Sippy Downs Dr, Sippy Downs, QLD 4556
P: +61 7 5450 2600
F: +61 7 5459 4547
W: innovationcentre.com.au
E: innovation@innovationcentre.com.au

 

 

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Microsoft announces upcoming events for the financial community

Microsoft Announces Upcoming Events for the Financial Community (via PR Newswire)

Events with Microsoft leadership slated for May Download image REDMOND, Wash., April 24, 2013 /PRNewswire/ — Microsoft Corp. today announced participation in the following upcoming events with the financial community. Interested parties can listen to a webcast of these events on Microsoft’s Investor…

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