Yearly Archives: 2015

/2015

Transferring Personal Data to Australia from the European Union (by Gordon Kerr Director, Employee Mobility Unit, Morton Fraser LLP, Edinburgh)

2019-04-05T02:57:10+00:00December 8th, 2015|

On 6th October, the European Court of Justice declared as invalid the well-established accreditation system, called Safe Harbour, for transferring personal data from the EU to the United States.  The basis for the decision was the lack of protection for personal data in the US, particularly in the wake of a series of revelations about [...]

Rental yields have not kept pace with property value increases – potential increases in home rental costs.

2019-04-05T02:57:10+00:00November 17th, 2015|

As many will be aware, property prices have increased substantially in recent years, particularly in Sydney and Melbourne. However rents have not shown a similar increase. We have begun to see noticeable tightening in the availability of properties to rent & this can be expected to lead to rent increases in the period ahead.   [...]

Client Alert – August

2019-04-05T02:57:10+00:00August 25th, 2015|

In this Client Alert: ·         Serviced Apartments / Unserviced apartments/ Hotels – the hot market for short-term accommodation ·         Visas: Data sharing – Australian Taxation Office and Department of Immigration ·         Webinar – “Laughter or Loneliness – housing choices in retirement” 23 September 2015 from 1.00-1.45 pm     CLIENT ALERT     Serviced Apartments / Unserviced apartments [...]

Workforce Mobility – what’s new and what’s important

2019-04-05T02:57:10+00:00May 12th, 2015|

Join us for a webinar on Wednesday 3 June, 2015 at 1:00 -1:45 PM AEST. Register now! https://attendee.gotowebinar.com/register/979602554206476290 This focussed webinar will look at some important aspects of workforce mobility: -changes in visas affecting business, and -relocation policy trends and current challenges through the eyes of HR professionals. Linda Coates, Group Human Resources Director, Boral [...]

Permanent Residency – Part I

2019-04-05T02:57:10+00:00April 14th, 2015|

Readers of our February Client Alert may have noted that more than 40% of 457 visa holders move on to take up permanent residency. In this first article (of two) we look principally at real estate advantages for employers and employees (other than lifestyle) in doing so. [Next time we will consider other advantages – [...]

Summary of Government response to the Independent Review into the integrity of the subclass 457 programme

2019-04-05T02:57:10+00:00March 24th, 2015|

As many readers will be aware the Federal Government’s response to the recommendation of the committee tasked with reviewing the operation of the Temporary Work (Skilled) visa (subclass 457) scheme has been eagerly awaited. The announcement on 18 March 2015 gives little solid guidance to business, beyond an indication that Sponsorship approvals will last 5 [...]

457 Visa Update

2019-04-05T02:57:10+00:00February 24th, 2015|

  Over 40% of 457 visa holders convert to permanent residency   A review of  Department of Immigration statistics 2008-2014 regarding the 457 visa program reveals some interesting trends: 1. Over the 7 year period  visa grants have run at approximately  90% of visa applications 2. The exception was 2014 when more visas were granted [...]

Impact of the Reserve Bank’s Rates Cut

2019-04-05T02:57:10+00:00February 16th, 2015|

Following the Reserve Bank decision last Tuesday to lower the Cash Rate by 0.25% to 2.25% we reflect on some implications for potential property purchasers. One consequence is to make it more advantageous to accelerate purchase decisions to get the benefit of lower interest rates in the early part of the loan life. The next move in [...]

Recent Growth in Sydney House Values is Historically “Normal”

2019-04-05T02:57:10+00:00January 23rd, 2015|

Many readers will be aware the cost of housing  in Sydney has increased rapidly in recent times. Despite a 17% increase in median house prices in Sydney in the year to September 2014, growth in capital value over the ten years since September 2004 is “only“ 6% per year.  From 2004 to 2010 prices only [...]