THE NETWORK BLOG

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  • 1 Sep 2018 12:31 PM | Anonymous member (Administrator)

    This weekend the SCBWN had a stall at the Sunshine Coast Women's Lifestyle Expo and we had the opportunity of talking with lots of beautiful women who are seeking connection and business opportunity in our region.


    Some insights we gained from this:

    • There continues to be an incredible number of passionate business women who have so much to share - this event has been inspiring!
    • Nearly all these women in business face challenges and find connecting with other women to talk through their challenges and celebrate their wins helps them get through the hard times and really enjoy their successes.
    • 99.9% of women were excited about our bottle of wine in our giveaway hamper! Who doesn't love a glass of wine and a good chat!
    • Lots of new Sunshine Coast residents are looking to connect with our business community - let's welcome them with open arms! Some interstate and many international re-locators are loving our region.
    • Health, wellbeing and personal growth are key topics of conversation and we LOVE the positivity that surrounds this.
    We've enjoyed talking with these wonderful women and hope to see many of them in our membership soon at joining in at our upcoming events!

  • 23 Jul 2018 4:24 PM | Anonymous member (Administrator)

    From July 2017, buyers of some residential property will be obliged to withhold and pay 10% of the purchase price to the ATO, at settlement.

    As you may be aware, the term ‘phoenix company’ is sometimes applied to a company which is deliberately liquidated to avoid paying its debts, including taxes.

    Some unscrupulous developers have used phoenix companies to develop and sell residential property without paying GST to the ATO on those sales.

    The Australian Government has now passed legislation to ensure it always receives the GST, by putting the onus on all buyers and sellers of ‘residential property’ and ‘potential residential land’.

    The effect of the legislation is very wide reaching, and effectively means the ATO is receiving very large sums, much sooner, as well as more information.

    Who is affected?

    Sellers of residential property and of potential residential land who enter contracts dated after 30/6/2018 must give written notice to the buyer informing them whether GST is payable on the sale, before supplying the property. [Such notice is not required for commercial residential property (e.g. caravan parks, hotels and the like) or commercial property or for potential residential land (if the purchase is a business to business transaction)].

    If GST is payable on the sale, the notice must also include details about the seller and the amount of GST payable and when such payment is due.

    The seller may suffer a penalty of up to 100 penalty units (currently $11,000) if it fails to provide the required notice.

    Every relevant buyer is then required to pay GST (generally 10% of the price) directly to the ATO (rather than to the seller) as part of the settlement proceeds. The seller is (eventually) entitled to a credit for the amount payable on its GST return.

    Penalties apply if the seller fails to give a notice, or if the buyer fails to make payment.

    Even if a seller does not provide a notice, or if the notice stating no payment is required is not reasonably believable, the buyer is still obliged to make payment to the ATO under this new legislation.

    In what circumstances is GST payable?

    The buyer’s liability arises when there is a taxable supply of:

    1)     certain types of ‘new residential premises’ as defined in the Act; or2)     ‘potential residential land’ (unless the buyer is registered for GST and acquiring the property for a ‘creditable purpose’)

    The payment

    If GST is payable, the buyer must pay 1/11 of the contract price, [unless the margin scheme applies (in which case 7% of the contract price must be paid)].

    The GST must be paid by the buyer to the ATO (generally by providing a Bank cheque drawn in favour of the ATO to the seller at settlement, or if there is no payment in the transaction, an amount equal to 10% of the GST exclusive market value must be paid to the ATO by the buyer on the day the supply is made.

    We strongly advise all buyers of residential property and potential residential land obtain legal and accounting advice prior to entering contracts from 1 July 2018, to determine if GST applies to the purchase, to ensure the contract allows for payment of any GST to the ATO and to reduce the risk to the parties of incurring potential penalties from the ATO.


    Thank you to our sponsors Garland Waddington Solicitors for this useful information.

  • 13 Jun 2018 10:57 AM | Anonymous member (Administrator)


    At the 2018 AGM of the Sunshine Coast Business Women’s Network yesterday, the new management committee members were announced to lead our 200+ strong membership of business women on the Sunshine Coast.
    1. Roz White – President
    2. Lizzie Henebery – Vice President
    3. Anita Owens – Treasurer
    4. Michelle Hamer – Secretary
    5. Kaitlyn Akers
    6. Dr Jackie Holt
    7. Dr Brenda Jamnik
    8. Min Swan

    This new committee will work to grow the network and continue to provide wonderful opportunities for their membership and partners, while ever committed to deliver the mission of the network - to be the platform to empower and celebrate women to achieve in business.

    With the next committee meeting and a strategy planning session already booked in for the coming weeks and new ideas on the table, the Sunshine Coast Business Women’s Network is primed and ready to deliver more great things to our community so ‘watch this space’.

    “I am delighted to be elected President of the Network and absolutely thrilled to be supported by such a dynamic and experienced team of successful business women. I look forward to seeing 2018/19 continue the upward trend of success for our Network and members,” said President Roz White.

    Outgoing committee members were also thanked at the AGM for their hard work and dedication, and recent past president Vickie Magic was awarded a life membership to the Sunshine Coast Business Women’s Network for her valued contribution over the last three and a half years.

  • 22 May 2018 12:34 PM | Anonymous member (Administrator)

    With the recent release of the 2018-19 Federal Budget we sought insight from Federal Member for Fairfax Ted O'Brien on what impacts we might feel as business owners and community members of the Sunshine Coast. The following snapshot has been provided to highlight the main changes. For more information on the Budget click here


    To download a copy click the link here: Budget Summary for the Sunshine Coast

  • 1 May 2018 1:42 PM | Anonymous member (Administrator)

    News from our Silver Sponsors Garland Waddington Solicitors:


    The University of the Sunshine Coast (USC) recently held its annual awards ceremony at the Innovation Centre, spotlighting the best and brightest students in the areas of Arts, Business and Law. 

    In keeping with their deep and ongoing commitment to recognising and celebrating excellence in the community, Garland Waddington proudly sponsored awards for the highest achieving students in the subjects of Tax and Estate Planning and Property Law.

    Partner, Brendan Bathersby had the privilege to present the awards on the night to Meg Lucas and Katie O’Connor and congratulated all award recipients at this year’s Faculty of Arts, Awards Business and Law and Prizes Ceremony 2018.


    Garland Waddington enjoys playing an active role in our community whether through providing legal assistance or financial support to worthy causes or encouraging staff to be part of one of the many community projects and industry associations we support each year.

    "We are proud to add value to the broader community and to make a positive difference to the lives of others."


  • 9 Feb 2018 8:45 AM | Jane (Administrator)

    While television shows like The Brady Bunch and Modern Family make entertaining viewing, the reality is that once-harmonious blended families can soon turn into warring parties if a parent or step parent forgets to update their will.

    Ken Waddington a Partner at Garland Waddington Solicitors, Maroochydore, reminds us that many Australians wills were often out of date and failed to reflect current family circumstances.

    Public Trustee data, cited in the “Having the Last Word” report1 by The University of Queensland, showed that complexity of the family relationship was a trigger in 62 percent of disputes over estates.

    New spouses or partners, separation or divorce and the addition of step families were all listed as factors likely to lead to a will challenge.

    Close to 6 percent of families in Australia include step children, and determining who gets what under a will is often based on the extent to which children are seen to be children of both parties.

    Factors such as the length and timing of the relationship, the age of the step children at the time, and the degree of active parenting all come into play when will-makers decide how to apportion their estate.

    “One of the major grey areas in the past has been whether a step child of a de facto relationship could make a claim against the estate of their step parent,” Mr Waddington said.

    Changes to the Queensland Succession Act, made in June this year, have now made it clear that the meaning of ‘step child’ includes the child of a party to a de facto relationship.

    “This means that a step child to a de facto relationship is eligible to make a claim against the estate of their step parent – but only if their step parent and biological parent were in a relationship at the time of their death.”

    Mr Waddington indicated that estate matters could become complicated if parties in a de facto relationship with step children or joint children had failed to revise their wills, dying with out of date wills listing ex-partners or biological children as sole beneficiaries.

    “For example, in certain circumstances, adult children from a previous relationship could claim against the estate of their step parent, regardless of whether or not they had been a part of the new blended family or had a close relationship with the step parent.”

    “Just another reason why it’s so important for people to update their wills to provide clear direction on how they want to provide for their partner, step children and biological children from current and past relationships,” he said.

    For more information in relation to a family law matter or to obtain professional advice, visit www.garlandwaddington.com.au


  • 16 Jan 2018 8:42 AM | Jane (Administrator)

    Lizzie joined the Sunshine Coast Business Women’s Network in 2017 when she returned to work after taking time off to have her first baby. Lizzie felt that the SCBWN was a perfect organisation to facilitate her transition back into the business world.

    As a finalist for Young Business Woman of the Year in 2013 she decided to enter the Sunshine Coast Business Women’s Awards as a way of showing her gratitude to everyone who had supported her throughout her career. It also allowed her to show her continuous commitment towards improving and achieving. Since 2013, Lizzie has gone on to build her business, 'Lizzie Heneberg Consulting', in which she is passionate about helping business owners plan and write clever communications to clearly express their business messages.

    Lizzie is also a mother of one gorgeous girl and soon to be mother to another little bundle of joy due in April 2018. Along with her husband Eli she enjoys getting outdoors with their dog Dexter by either stand up paddle boarding or doing yoga. They love calling Sunshine Coast their home, Lizzie explains “I grew up here and have traveled the globe and every time I come back I fall in love with the place all over again. I also find this region is very conducive to small business success with lots of support and energy.”

    As the SCBWN Marketing Chair, she hopes to help the network share more incredible stories to connect and inspire more dynamic business people across the Coast and to be a part of real, positive change and support across the region.

  • 7 Jan 2018 9:29 AM | Jane (Administrator)

    Being a guarantor for a family members or close friend is not as simple as you think!

    It is very easy to understand why when asked to go guarantor by a member of your family or a close friend (“the borrower”) who wants to buy a home, that you would be willing to go guarantor.

    But there are risks that you should be aware of if the borrower is unable to meet loan payments because of unforeseen circumstances or relationship break downs, as these factors may impact on your own financial commitments or opportunities you may wish to take up in the future.

    One of the most common types of guarantee security for home loans is a security guarantee which means that instead of giving the person you are going guarantor for money to put towards the deposit, you give the equity the use of that has accrued in your property.  The loan to the borrower is secured using both the property being purchased and your own property.

    The purpose is often to reduce the amount being borrowed to less than 80% of the proposed purchase price so that the borrower can avoid paying lenders mortgage insurance.  This will assist the borrower greatly, but there are no direct financial rewards for you.  It is very important to realise there is a lot of responsibility attached to becoming a guarantor.  For example, if the borrower is unable to afford the repayments, you will be responsible for paying off the remaining amount of the loan, or have to sell the property you used as security to repay the debt.

    If you as guarantor want to sell your property in the future you may not be able to rely on all the equity in your property to secure a new property as an amount equivalent to the amount secured under the existing property as the guaranteed amount would need to be secured against the new property.

    If  you want to sell the property outright and for example go travelling (and not invest in a new property straight away) an amount equivalent to the amount secured under the existing property would probably have to be held in a term deposit for the term of the borrower’s debt, or until the borrower’s property is sold.

    Other points to consider when going guarantor are:

    • If the borrower defaults and you are required to make the repayments, but are not in a position to do so, it will affect your credit rating;
    • Even if you are not making repayments on the borrower’s loan, when applying for credit, a financier will most likely include the maximum potentially guaranteed amount when considering your application, and this may affect your chances of obtaining the credit.

    We very strongly recommend that you seek independent advice before becoming a guarantor.  There could be other options worth pursuing which may assist the borrower but reduce your responsibility or liability.

    For more information, contact Lyn Colautti, Paralegal, (07) 5443 4866 or lcolautti@gwlaw.com.au


  • 26 Dec 2017 9:31 AM | Jane (Administrator)

    Does your website stack up ?

    Do you know the legal requirements and responsibilities of running an online business?  Does your website comply with Australian legislation?

    Below are the three most important legal aspects that you should be aware of.  Check to see how your website fares.

    Do you have a Contact Form on your website?

    If YES then you are collecting personal information eg. email address.  Your website needs a PRIVACY POLICY.

    A Privacy Policy states how you will keep all personal information safe and secure and that you will not sell it without permission. Since almost all websites have contact forms, most websites should have a Privacy Policy. So that should be your first priority.

    Having a Privacy Policy will also increase consumer confidence and trust in your operations.

    Do you publish information or provide advice on your website?

    If YES then people could rely incorrectly on your information or advice and your website needs a WEBSITE DISCLAIMER

    You never know, the information you publish could be out of date; any advice you offer may be misused or misinterpreted by your visitors; and so on. Again, most websites are providing information, so you should probably have, at least, a general Website Disclaimer to protect yourself and your business.

    Do you sell goods and/or services on your website?

    If YES then your website should say you comply with Australian Consumer Law and provide refund, warranty and shipping information in TERMS & CONDITIONS

    In addition you also need to include a statement that you comply with the Australian Consumer Law. Not all websites sell goods and services, so you might not need to post Terms and Conditions. But the ACCC is cracking down on e-commerce sites in Australia and starting to issue penalties to non-complying websites. So don’t get caught out if you sell goods and services online.

    Note:  the above information is not intended to be, and should not be, interpreted as constituting legal advice.  

    For more information on website compliance, click here.

    Thank you to Jane Cluff from Felicity Jane for this blog.

     


  • 19 Dec 2017 10:02 AM | Jane (Administrator)

    Dr Grace Jones - Acupuncturist

    My name is Dr. Grace Jones, I am a nationally registered acupuncturist and the owner and director of Acupuncture with Grace, an integrative acupuncture and Chinese medicine practice in Maroochydore and Buddina on the Sunshine Coast. I am incredibly passionate about helping people from all walks of life improve their health, through a combination of modern Western and traditional Eastern treatments tailored specifically to each individual patient. I am highly trained and passionate in the areas of women’s health, fertility & IVF support, pregnancy support, pain management, and stress/emotional support. My greatest love is in helping people to gain a sense of wellbeing they didn’t even realise was possible, and I look forward to helping as many people reach this as I can.

    Phone: 0400871960
    Email: grace@acupuncturewithgrace.com.au
    Website: www.sunshinecoastacupunctureclinic.com.au

    Kathy McKenzie - Fire Up Coaching

    FIRE UP Coaching® leads the field when it comes to Leadership Training, Accredited Coach Training and coaching individuals to reach their potential. As a Registered Training Organisation (22458) we offer unique training programs both accredited and non-accredited to develop the individual potential that often lies latent in organisations. We can deliver full qualifications or customised programs of any length. We work with you to design the solution that will best fit with your strategy and budget.

    Our flagship programs are our Diploma of Leadership Coaching and Mentoring (22233VIC) and Certificate IV in Business and Personal Coaching (10547NAT) both which align with the International Coach Federation (ICF) core competencies and are the most comprehensive and practical accredited coach training programs in Australia. FIREUP is also an ACTP (Accredited Coach Training Provider) with the International Coach Federation (ICF) training program.

    Both our programs are unique in that we utilise a coaching conversation model called REACH which was originally developed by FIRE UP Coaching for Queensland Health but is now integral to all our coaching programs. The REACH Model has been acclaimed by many of our clients as superior to any of the previous models they were using. It is sophisticated enough to allow conversations of depth in any context, and has particularly been embraced by our health, education and emergency services organisations. We also utilise the power of whole brain thinking, positive psychology, neuroscience and strength based approaches to inspire our students and take them to new expanded levels of awareness.

    T: 1300 347 387

    www.fireup.com.au
    Mobile 0409686772
    Skype kathymckenzie


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