A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints are limiting job opportunities and movement. A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used some kind of restraint clause, including for workers in non-executive roles. The survey also found 20.8% of businesses use non-compete clauses for...Read More

From 1 July 2024, the amount you can contribute will increase from $27,500 to $30,000 for concessional super contributions; $110,000 to $120,000 for non-concessional contributions. Growing Your Super Contribution caps are indexed to wages growth based on the December quarter average weekly ordinary times earnings (AWOTE) of the previous year. Indexation Impacts The Following Areas:...Read More

The Fringe Benefits Tax year (FBT) ends on 31 March 2024. In late 2022, as an incentive to promote electric vehicles (EV), the Australian Government allowed employers to provide EV to employees without incurring 47% FBT for private use. The condition of the exemption applies to: Electric cars Hydrogen fuel cell electric cars Plug-in hybrid...Read More

Late 2023, thousands of Australians were notified about an outstanding historical tax debt that they never knew about. In circumstances when a taxpayer is in serious hardship and unable to pay the ATO, the ATO can temporarily decide to not pursue a debt and place it “on hold”. However, it is not extinguished and can...Read More

Brisbane, Australia – In a significant move to enhance its global financial services and commitment to cross-border excellence, Solomons Group Australia is delighted to announce the partnership with Sam Chung as our Cross Border Engagement Lead based in our Brisbane office. Sam’s illustrious career in the financial sector spans over two decades, with key positions...Read More

Solomons Legal Proudly Supports Living Colour Magazine in Celebrating Diversity and Inclusivity Solomons Legal Appears On Page 2 – After The Front Cover Brisbane, Queensland – Solomons Group is thrilled to announce its support for Living Colour Magazine, a bright publication that champions diversity, creativity, and cultural appreciation in Australia. Through a strategic advertisement placement...Read More

Victor Asoyo has been honoured as a finalist for the 2023 African Professionals of Australia Award, recognizing his exceptional contributions to his profession and the African community in Australia. Dr Maggy T. Sikulu-Lord receiving the award on behalf of Victor Asoyo Brisbane, Queensland – The African Professionals of Australia (APA) is pleased to announce that...Read More

Roy Kim had been distinguished as a nominee for the 2023 Lawyers Weekly Partner of the Year Award, in recognition of his exceptional leadership and achievements in the legal field. Roy Kim had been nominated for the prestigious Lawyers Weekly – Partner of the Year 2023 award, acknowledging his outstanding leadership and contributions to the...Read More

Recognizing his outstanding contributions and leadership in fostering economic ties between Hong Kong and Australia, Jonathan Lee has been honoured as a finalist in the Business Awards 2023 by the Hong Kong Australia Business Association Queensland Chapter. Brisbane, Queensland – In a commendable recognition of his business acumen and contributions to the industry, Jonathan Lee...Read More

This milestone is about more than just geographical expansion; it stands as a powerful testament to our unwavering commitment. New Offices, New Horizons Solomons Group Australia proudly announces the opening of our new office in Perth, marking a significant expansion of our national footprint. This latest addition, our third office in Australia, underscores our commitment...Read More