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The Australian Government enacted a Multinational Anti-Avoidance Law in December 2015, and the recent Federal Budget on 3 May 2016 proposed that a Diverted Profits Tax also be enacted. Both provisions impact upon large multinationals and their potential impact should be risk assessed by Boards.
In this edition of Workplace Health & Safety Update:
Does Security of Payment apply to Universities? Yes! Universities who engage contractors, consultants, manufacturers, suppliers and other parties to perform construction work or supply construction-related goods and services in Australia will be subject to Security of Payment legislation.