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News2020-09-17T12:35:35+10:00

Personal lines insurers’ responses

Thursday 4 June 2020|Latest News|

Business service member Finity has summarised personal lines insurers’ Covid-19 responses so far in a new article. It has particularly focused on the largest classes of business, motor and home, and included a deep dive into landlords’ cover. Author Marcello Negro considers a key question for insurers – how their [...]

Maintain security to avoid cyber attacks

Tuesday 26 May 2020|Latest News|

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 [...]

Reform program stalled

Wednesday 13 May 2020|Latest News|

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 [...]

IRS grants FATCA extension

Thursday 7 May 2020|Latest News|

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 [...]

ATO introduces new changes to JobKeeper

Thursday 7 May 2020|Latest News|

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 [...]

ATO grants JobKeeper payment extension

Wednesday 29 April 2020|Latest News|

The ATO has given businesses an extension of time to pay their employees under the JobKeeper program. Enrolments for the initial JobKeeper periods have been extended from 30 April 2020 until 31 May 2020. For the first two fortnights (30 March – 12 April, 13 April – 26 April), ATO [...]

ASIC outlines its expectations

Wednesday 29 April 2020|Latest News|

ASIC has written to all general insurers about its expectations in light of the Covid-19 pandemic. ASIC says it expects entities to treat customers fairly and avoid adding further financial harm or burden to consumers. The four-page letter asks insurers to be flexible and details ways insurers could do that. [...]

Covid-19 themed scams

Tuesday 28 April 2020|Latest News|

The Australian Cyber Security Centre (ACSC) is aware of a significant increase in Australians being targeted with Covid-19 themed scams, fraud attempts and deceptive email schemes. Read more here.  

Microsoft free trial offer

Monday 27 April 2020|Latest News|

To enable teams to better work from home during the coronavirus outbreak, Microsoft is offering a free six-month Office 365 E1 trial, including Microsoft Teams. To learn what's available with an E1 licence, read more here – Office 365 E1 – and here – support remote workers with Teams. UAC [...]

How to access JobKeeper, super, WFH deductions

Friday 24 April 2020|Latest News|

Need to know more about accessing JobKeeper, superannuation, and tax deductions for working from home? UAC financial partner WLM Financial has provided a series of articles to assist you. JobKeeper: The key facts The JobKeeper payment is a $130 billion scheme to support businesses significantly affected by the coronavirus crisis. [...]

Managing cyber and privacy risks

Tuesday 21 April 2020|Latest News|

As the world continues to deal with the economic and operational challenges from the global Covid-19 pandemic, cyber criminals are seeking to exploit new work practices and capitalise on uncertainty. Clyde & Co has warned organisations to be conscious of data, privacy and business risks associated with Covid-19. The firm’s [...]

ACCC grants relief

Monday 20 April 2020|Latest News|

ACCC has granted interim authorisation to Suncorp, Allianz, QBE and other insurers and brokers to enable them to coordinate and implement relief measures for SME business policyholders suffering hardship due to the Covid-19 pandemic. ACCC did not conduct a public consultation process about the request for interim authorisation because of [...]

Web portal boosted to support SMEs

Monday 20 April 2020|Latest News|

Small businesses struggling to cope with the Covid-19 crisis can access assistance through the My Business Health web portal. Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the portal has been re-designed to walk small business owners and sole traders through  practical steps to keep their businesses afloat. [...]

JobKeeper and award flexibility changes

Thursday 16 April 2020|Latest News|

On 9 April 2020, the Fair Work Act was amended to support implementation and operation of the JobKeeper scheme in Australian workplaces. The changes to the Act will now allow an employer who qualifies for JobKeeper payments to direct employees not to work, work reduced hours or work on different days [...]

Electronic signature use

Tuesday 14 April 2020|Latest News|

With many businesses’ team members working from home, companies need to consider when electronic signatures are acceptable in contracts. Clyde & Co has provided a guide to explain when electronic signatures can be used in various corporate contracts - click here.

JobKeeper package passes Federal Parliament

Tuesday 14 April 2020|Latest News|

Parliament has passed the JobKeeper package that will enable businesses significantly impacted by the CV-19 outbreak to access a subsidy from the Government to continue paying their employees. Click here for more information from the Federal Treasury. Other support information is available here: The ATO has advice on support, including [...]

Long service leave changes

Tuesday 14 April 2020|Latest News|

The Long Service Leave Act in NSW has been changed to enable added flexibility due to the Covid-19 outbreak. Clyde & Co has provided an article detailing changes to the Act - click here.

ASIC/APRA deadline extended

Tuesday 14 April 2020|Latest News|

Both ASIC and APRA have advised that, for the immediate future, any deadlines previously set in place will be postponed and reviewed again in September 2020. To see APRA’s advice, click here. For ASIC’s advice, click here. UAC will keep you advised of any changes as they are announced.

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