In February 2023, it was confirmed that seven subsidiaries of Wesfarmers were required to back-pay more than $4.8 million to over 3,400 underpaid employees.

It is now more important than ever to carefully consider tax implications when disposing of Australian residential  property (real estate) as a foreign resident. Over the last 6 years Australia has introduced new capital gains tax rules for foreign residents.

Are you moving to the UK and renting out your property in Australia?

Below we have covered some popular Australian and UK tax issues and questions that arise when becoming a non-resident landlord of Australia.

It is with a heavy heart that I write this.  I have struggled to find the opening words but I have settled on her own words when, as Princess Elizabeth, her father ascended the throne and her fate was sealed.  She said “I declare before you all that my whole life whether it be long or short shall be devoted to your service”. 

On behalf of the Australian British Chamber of Commerce, we express our deepest condolences to the Royal Family on the passing of Elizabeth the Second, by the Grace of God of the United Kingdom of Great Britain and Northern Ireland and of her other Realms and Territories Queen, Head of the Commonwealth and Defender of the Faith.

The Australian British Chamber of Commerce is thrilled to announced our Chief Executive, David McCredie OBE, has been appointed as a Member of the Order of Australia in this year’s Australian Queen’s Birthday Honours.

We are delighted to introduce our newest Chamber staff member, Matthew Joyce, Victorian Partnerships Manager. As you may already be aware, Matthew joined the Chamber in early May, marking a significant opportunity for further growth throughout the State and moreover, enhanced support for our many Victorian-based Members.

The nature of trade, the complex supply chains that support it, and the political context appear to be evolving faster than international rules can keep pace with. The UK and Australia have many shared interests in trade, as demonstrated by the early negotiation of a new Australia-UK Free Trade Agreement soon after the UK had an independent trade policy platform.