12/01/2023
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
12/01/2023
Labor’s industrial relations reforms are now active
As of January 7, employers are prohibited from listing pay rates below minimum wage, which would breach the Fair Work Act. They face fines of up to $16,500 for breaking the new rules.
Home values are declining almost everywhere
According to CoreLogic Australia’s Head of Research Eliza Owen, home values will continue to decline this year, and the housing downturn will likely carry on until interest rates stabilise.
Perth properties are bucking the downward trend
The Real Estate Institute of Western Australia (REIWA) predicts moderate growth of between 2 and 5 per cent in Perth’s house prices over the next 12 months, reflecting the cautious optimism of property analysts.
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We are currently working through the December 2022 Qtr BASs.
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