As the clock ticks towards a greener future, the Australian Government has announced a tax concession to small businesses aiming to reduce their carbon footprint and slash energy bills. The Small Business Energy Incentive, a measure announced on 30 April 2023, is specifically tailored to assist businesses with an annual aggregated turnover of less than $50 million. 

Treasury Laws Amendment (2022 Measures No. 4) Bill 2022 was introduced into Parliament yesterday. The Bill contains the requirements for the deduction boosts announced in the March 2022 Federal Budget aimed towards small and medium businesses. 

Treasury Laws Amendment (Electric Car Discount) Bill 2022 was introduced which proposes to make the provision of zero or low emissions vehicles exempt from fringe benefits tax (FBT).
 

Queensland parliament recently passed part 1 of the Criminal Code and Other Legislation (Wage Theft) Amendment Act 2020.  This law was brought in to protect employees from intentional wage theft from employers.