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M J Heywood
M J Heywood & Co
Chartered Accountant
 

Address:
Suite 407
1 Princess St.
Kew, Vic. 3101

Phone:
613 9853 1234

Fax:
613 9853 1023

Email us

Liability limited by a scheme approved under Professional Standards Legislation

 Latest Accounting News Service
Hot Issues
Taxing times for self-managed super funds
Definition of dependant 'evolving'
What are Reportable Employer Superannuation Contributions?
Self-managed Super Funds
Recent court case has 'implications' for SMSFs
3 tax time checklists
Extra Tax on Superannuation Contribution - Last Year
New penalty regime prompts ATO review
Help investor's to save $82 per week
Postage Stamp Increase
eBay Fees
Articles archive
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Quarter 2 of 2005
Articles
Workplace Insurance ? Different Locations
Retirement is heading for an extreme makeover.
Superannuation Surcharge Abolished? ? Action Now
$500 Incentive for Mature Age Workers
Children?s Bank Accounts and Tax File Numbers
Private Health Insurance ? Reduced Premium
Higher Education Contribution Scheme and Income Tax
Absorption Costing for Retail and Wholesale Industries ? Update
Superannuation Contributions ? Double Jeopardy
Workplace Insurance ? Different Locations
Changes to be implemented from 1 July 2004 may increase workcover premiums for some businesses.

In the past some employers have used separate companies to operate a single business and have obtained separate classifications as a result.  The workers have been classified by workplace with an effort to keep lower risk workers (eg administrative) in a different location to higher risk workers (eg manufacturing).

Since 4 June 2002 any new workcover policies have denied that this separation of risk is relevant for purposes of premium calculation.

After 1 July 2004 any businesses that are connected with or are largely dependent on each other, will be give a single classification.

If a future audit determines an error, the classification will be backdated to 1st July 2004.












10th-June-2005