Important November Updates
Important updates for individuals and businesses
This newsletter includes a range of information, including:
Director Identification Numbers commence 1 November 2021
Can employees claim workers compensation for COVID-19?
Super is now following new employees
Dine & Discover: 2 additional vouchers are expected to be available in December
Protect your information
Is your organisation contactable in an emergency?
COVID-19 land tax relief available
Bush & Campbell Christmas shutdown
Director Identification Numbers commence 1 November 2021
From 1 November 2021 all new Directors of corporations must apply for a Director Identification Number (Director ID) with the Australian Business Registry (ABR).
A Director ID is a unique identifier that a director will need to apply for once and keep forever. The new ID system will attempt to prevent the use of false and fraudulent director identities.
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID.
For Directors of corporations the requirement of holding an ID depends on when you were appointed as a director:
Existing directors have until 30 November 2022 to apply.
Directors appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment.
From 5 April 2022 all directors must have a Director ID prior to appointment.
ASIC is responsible for enforcing the new requirements and it is an offence if you do not apply on time.
More information regarding Director ID’s and the application process can be found on the ABR website.
Can employees claim workers compensation for COVID-19?
Worker's compensation is there for worker's who become sick, injured or diseased during or due to their employment. COVID-19 is very likely to be considered under the disease category of the Safety, Rehabilitation and Compensation Act 1988 (Cth) (SRC Act).
Super is now following new employees
As of 1 November 2021, there will be changes to the way employers choose a super fund for new employees. There is an extra step that will need to take place.
If a new employee doesn't choose a super fund, most employers will need to request the employees 'stapled super fund' details from the ATO to avoid penalties.
2 additional vouchers are expected to be available in December
The Dine & Discover NSW Voucher scheme will be expanded to 6 x $25 vouchers. Existing customers will not need to reapply to receive the additional vouchers.
Protect you information
It's so important to keep your tax information private and out of sight to any tax scammers.
Documents such as tax file numbers, drivers licence and passports.
Visit the ATO website for details on how to protect your information.
Is your organisation contactable in an emergency?
Is your business' contact details up to date? It is vital that they are as during emergencies or natural disasters, emergency services and government agencies use ABN details to identify businesses in affected areas that might need help or support.
To find out what information should be kept up to date, please visit the ATO website.
COVID-19 land tax relief available
Applications are now invited for COVID-19 land tax relief for the 2021 land tax year where rental relief is offered to an eligible tenant during the period 1 July and 31 December 2021.
This land tax relief offered is in addition to any relief claimed in the 2020 land tax year.
Bush & Campbell Christmas Shutdown
This year we are closing from Thursday 5pm, 23rd December and reopening Monday, 10th January at 8:30am.
