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August – 2014 Practice Update

August – 2014 Practice Update covers following points - - PAYG instalments threshold increases from 1 July 2014 - ATO "data mining" program targets offshore tax evaders - Now phone scammers target taxpayers with threats - SMSFs and overseas seminars - Get a second (investment) opinion - Small business online dispute resolution service Click here for – August 2014 Practice Update...

Changes to the Australian Privacy Principles- collection and treatment of personal information. Is your business compliant?

A topical issue lately has been the collection and use by various organisations of an individual’s personal information. In March of this year changes to the Privacy Act 1988 (Cth) (the Act) were enacted along with the introduction of the Australian Privacy Principles (APPs). The APPs set out minimum standards for business organisations who collect, store and handle personal information of individuals. Personal information is considered any information that can reasonably identify a person. For example a person’s name, age, DOB, credit card details. Sensitive information that can identify a person such as their race, religious beliefs or health information also come under the APPs. In a business environment much of this information can be collected and retained on databases regarding clients and customers. In many cases this information can be provided to third parties. Compliance with...
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