Pulse Alert – News Pulse for February 12, 2019

A daily download of SME, startup, fintech and tax news from around Australia.

Tax pain multiplied

To date there’s been a lot of correspondence about the impact of Labor’s proposed changes to franking credits on retirees and superannuation funds.

However there’s been little concern raised about the impact of the proposed changes on the thousands of small businesses that operate via private companies and family trusts, that latter will also be targeted by Labor’s proposed 30 per cent tax grab.

Expanded legal advice service for small business employers | Ministers’ Media Centre, Australian Government

The Coalition Government is supporting small and family businesses and Australian workers to navigate Australia’s industrial relations law with even greater access to free legal advice.

The $1.4 million expansion of the Fair Work Commission’s Workplace Advice Service will provide valuable legal help to both employers and employees.

Expanded legal advice service for small business employers

The Coalition Government is supporting small and family businesses and Australian workers to navigate Australia’s industrial relations law with even greater access to free legal advice.

The $1.4 million expansion of the Fair Work Commission’s Workplace Advice Service will provide valuable legal help to both employers and employees.

‘Urgent’: Kate Carnell tells Coalition to move on insurance reform

The small business watchdog has backed Labor’s move to extend unfair contract laws to protect insurance customers, one of the recommendations of the banking royal commission, saying it should be introduced at the same time as long-awaited Treasury changes.

Small Business and Family Enterprise Ombudsman Kate Carnell called for the release of draft legislation “as a matter of urgency”, after Commissioner Kenneth Hayne said there was no reason for insurers to operate outside the regime. The existing law allows insurers to include unfair terms in their standard contracts. In all other industries this is illegal.

Startup heavyweights fight encryption ahead of election

Australia’s startup community has issued a plea to the government to change its encryption legislation to stop it from “cannibalising” business growth, with heavyweights Atlassian and Canva backing the calls.

It’s a move to try to stem the damage ahead of the “pointy dagger over the heads of politicians” that is the upcoming federal election, says StartupAus chief operating officer Alex Gruszka.

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