{"id":10355,"date":"2023-10-10T10:02:35","date_gmt":"2023-10-09T23:02:35","guid":{"rendered":"https:\/\/countax.com.au\/?post_type=weekly-digest&p=10355"},"modified":"2023-10-10T10:25:04","modified_gmt":"2023-10-09T23:25:04","slug":"weekly-digest-11-october-2023","status":"publish","type":"weekly-digest","link":"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-11-october-2023\/","title":{"rendered":"Weekly Digest \u2013 11 October 2023"},"content":{"rendered":"

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.<\/p>\n

\u2018No rate cuts\u2019: Horror call on Aussie economy<\/h2>\n

Since the\u00a0Reserve Bank Australia\u00a0(RBA) first began raising interest rates in May of last year, the volume of commentary on when they would be cut<\/a> has become greater with each passing month. With mortgage rates having risen to the largest and fastest degree in relative terms in Australian history, this is perhaps unsurprising.<\/p>\n

\u2018Is my employer allowed to monitor my computer use?\u2019<\/h2>\n

There\u2019s a new way workplaces are tracking their employees \u2013 but it\u2019s worth checking your contract<\/a> to see if it\u2019s illegal.<\/p>\n

Experts say Australia at 1-in-3 risk of hitting recession next year<\/h2>\n

While\u00a0Australians\u00a0will be breathing easy after the Reserve Bank kept\u00a0interest rates\u00a0on hold for the fourth consecutive month, some experts are warning there is a chance the economy could fall into recession<\/a> next year.<\/p>\n

ATO residential rental properties working group<\/h2>\n

The Australian Taxation Office (ATO) is seeking expressions of interest<\/a> from individuals to join the Residential Rental Properties Working Group, and calling for nominations from tax practitioners and professional industry associations to join and bring their experience and perspective to the our group.<\/p>\n

\u2018Missed the mark\u2019: Victoria\u2019s new property tax criticised for targeting Airbnbs<\/h2>\n

The Victorian government has \u201cmissed the mark\u201d with its new property tax<\/a> which targets Airbnb and holiday homes, says Airbnb Australia Head of Policy Michael Crosby. Mr Crosby\u2019s comments come after Victorian Treasurer Tim Pallas announced the new tax.<\/p>\n

Retailers brace for challenges amid $2.9b online spending dip<\/h2>\n

The Q3 Digital Economy Index from Airwallex has revealed a significant drop in nationwide online spending<\/a>, totalling $2.9 billion year-on-year (YoY).<\/p>\n

Companies surprisingly busy despite slowing economy<\/h2>\n

Australian businesses remain in pretty good shape<\/a> but stubbornly high costs for shipping, fuel and labour suggest inflation is lingering<\/p>\n

Sheds go high as demand for e-commerce booms<\/h2>\n

Limited space and strong demand will see a significant push to develop high-rise industrial warehouses<\/a> in major cities across the next three years, major investors have said.<\/p>\n

Super objective remains rejected<\/h2>\n

The Institute of Financial Professionals Australia (IFPA) has again rejected the proposed objective of superannuation<\/a> the government has put forward and maintained its opposition to having to legislate an official purpose for the country\u2019s retirement savings.<\/p>\n

Australians Hit With ‘Staggering’ Car Insurance Cost Rises<\/h2>\n

Australians pay 47 percent more than they did five years ago for car insurance, surging to an average cost of $1,472 (US$930) per year, or $123 monthly, according to a new car insurance report<\/a>.<\/p>\n

Superannuation tax targets balances of more than $3 million<\/h2>\n

Superannuation balances of $3 million or more will be targeted with a tax hike under new legislation released for discussion<\/a> this week.<\/p>\n

Get in touch<\/h2>\n

Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n","protected":false},"featured_media":0,"comment_status":"close","ping_status":"closed","template":"","format":"standard","weekly-digest-topic":[],"weekly-digest-type":[],"weekly-digest-region":[],"acf":[],"yoast_head":"\nWeekly Digest \u2013 11 October 2023 - Countax Pty Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-11-october-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Digest \u2013 11 October 2023 - Countax Pty Ltd\" \/>\n<meta property=\"og:description\" content=\"Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. \u2018No rate cuts\u2019: Horror call on Aussie economy Since the\u00a0Reserve Bank Australia\u00a0(RBA) first began raising interest rates in May of last year, the volume of commentary on when they would be cut has become [...]Read More... from Weekly Digest \u2013 11 October 2023\" \/>\n<meta property=\"og:url\" content=\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-11-october-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Countax Pty Ltd\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-09T23:25:04+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-11-october-2023\/\",\"url\":\"https:\/\/countax.com.au\/weekly-digest\/weekly-digest-11-october-2023\/\",\"name\":\"Weekly Digest \u2013 11 October 2023 - 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