Monthly Archives: May 2020

Maintain security to avoid cyber attacks

With thanks to member Emergence Insurance, UAC recommends the following strategies to assist in maintaining cyber security while your staff are working from home. The cyber risks of flexible work arrangements could include malware infection, unauthorised access, data security, and insecure devices used by staff. It’s important that businesses and their staff ensure remote access [...]

2020-05-26T14:47:12+10:00Tuesday 26 May 2020|Covid-19|

Reform program stalled

Regulators have shifted their priorities to deal with the Covid-19 pandemic. That means delays to reforms and legislative changes to general insurance. UAC Business Service member The Fold Legal has issued an updated summary of the revised timetable. Click here to read more. UAC General Manager William Legge says while APRA is not issuing any [...]

2020-05-13T09:37:51+10:00Wednesday 13 May 2020|Covid-19|

IRS grants FATCA extension

The US Internal Revenue Service (IRS) has granted an automatic extension of time to entities with Foreign Account Tax Compliance Act (FATCA) certification due by 1 July 2020. The extension to 15 December 2020 is automatic within the FATCA registration system. More information is available at Q21 in the ‘FATCA certifications’ category on the FATCA [...]

2020-05-07T15:00:29+10:00Thursday 7 May 2020|Covid-19|

ATO introduces new changes to JobKeeper

Changes to the Covid-19 JobKeeper arrangements came into force on 1 May 2020 with the introduction of Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No 2) 2020. This includes a monthly declaration of your business’s current and projected turnover. Click here to read more. Remember, there is an obligation that, within seven days [...]

2020-05-07T09:36:32+10:00Thursday 7 May 2020|Covid-19|
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