New administrative requirements for modern awards

2 Young executives looking at paperwork

New annualised salary award provisions will apply from 1 March 2020 – how will these changes impact your business? This article summarises the recent changes in the administrative requirements for modern awards as determined by the Fair Work Commission (FWC). This decision was announced after their four-yearly review and it impacts employers paying annualised salaries … Read moreNew administrative requirements for modern awards

Cybersecurity: Make prevention your endgame

Cybersecurity: make prevention your endgame

A recent study commissioned by IBM Resilient and conducted by the Ponemon Institute1 surveyed 11 countries and found Australia to have the biggest increase in cyber security incidents over the past 12 months. The Office of the Australian Information Commissioner (OAIC) recently published the Notifiable Data Breaches Scheme 12‑month Insights Report2. For the period 1 … Read moreCybersecurity: Make prevention your endgame

Making Tax Digital: United Kingdom’s legislation change

UK Digital Tax

Making Tax Digital is an initiative undertaken by the UK government with the aim to create an efficient tax administration system. By making the process easier, individuals and businesses can get tax right and ultimately, put an end to tax returns for a large proportion of the UK population. Tax returns are replaced by digital … Read moreMaking Tax Digital: United Kingdom’s legislation change

Single Touch Payroll: A key business deadline to note

Group of executives around a table looking at a laptop

Single Touch Payroll (STP) is a mandatory obligation for Australian employers to use their payroll software solution to report salary or wages, pay as you go (PAYG) withholding and superannuation information directly to the Australian Taxation Office (ATO), at the same time you pay your employees. This is one of the biggest changes since the … Read moreSingle Touch Payroll: A key business deadline to note

Innovation and High Value Manufacturing in Australia

The University of Cambridge’s Institute of Manufacturing defined high value manufacturing as ‘the full cycle of activities from research and development, through design, production, logistics and services, to end of life management’. So how does this description fit within the context of the Manufacturing sector here in Australia? Many suggest that although we’re currently witnessing … Read moreInnovation and High Value Manufacturing in Australia

It’s time for retailers to get their heads into ‘The Cloud’

For many retailers managing business processes, resources and legislation will be a continuous challenge. Developing proactive strategies beyond these can often be forced to take a back seat. There is a solution. With continual pressures in the market such as new avenues of commerce and customer socialisation, retailers will be looking to ways of increasing … Read moreIt’s time for retailers to get their heads into ‘The Cloud’

Traceability – knowing where it came from and where it went

I picked up a pack of vitamins today and noticed the batch number “020616” and use by “SEP 20” on the label. This is something I consume, so I rely on it being fit to consume. The company that produced it does their best to ensure that it is fit to consume. However, if something … Read moreTraceability – knowing where it came from and where it went

What should lead time mean?

Recently I was looking at different ways of calculating safety stock and one of the calculations I looked at used “average lead time”. It occurred to me that lead time is used a lot in supply chain calculations. So, what does it really mean, and should it be recalculated after every delivery? The simple definition … Read moreWhat should lead time mean?

Benefiting from stocktakes

Insofar as risk and operational pain are concerned, performing a stocktake rates very high on both counts. Many organisations recognise that if they perform stocktakes badly, it will have significant impact on their general ledger, inventory, and warehouse management system. There are two basic stocktake types: A full stocktake: often referred to as a ‘stock … Read moreBenefiting from stocktakes