We’ve previously reported on the introduction of portable long service leave (LSL) for community services workers in NSW. This will commence from 1 July 2025. For a quick recap on what’s happening in this space see our previous article here. How will Purpose support clients? We've now worked through the detailed accounting treatment and new procedures that will [...]
In good news for the sector, the Australian Accounting Standards Board (AASB) recently closed consultation on two exposure drafts, proposing changes to simplify Special vs General Purpose Reporting requirements. In a nutshell, the proposal removes the option for entities to submit ‘Special Purpose’ reporting, with all reporting moving to the ‘General Purpose’ format. The proposal also sets out [...]
Dext has introduced a new feature, which is great news for our clients who use the expense submission software. The ‘Approvals’ feature, for cost items, is a powerful new feature designed to enhance financial controls. You can now add a layer of oversight and approval to your Dext process. This feature is included as part of [...]
We’ve previously reported on the introduction of portable long service leave (LSL) for community services workers in NSW. We’re now able to share some further details on this important change – please read on if you think your organisation may be impacted. What’s happening? A quick recap… The new portable LSL scheme is due to [...]
Last year the FairWork Commission introduced changes to the FairWork Act, which related to engaging employees on fixed term employment contracts. Effective 6 December 2023, the rules limited when fixed term contracts can be used and introduced a cap of 2 years on the length of fixed contracts. However, these rules posed challenges for the [...]
We were pleased to hear recent Government announcements relating to wage increases for staff across various NFP sub-sectors. 1. Aged Care, SCHADS & Nurses Awards The Fair Work Commission recently announced changes to several Awards, impacting some of our clients. Changes start from the first full pay period on or after 1 January 2025. Affected [...]
In a previous post we flagged news that portable long service leave (LSL) will be introduced for community services workers in NSW. The new scheme will officially begin on 1 July 2025. This follows Queensland, the ACT and Victoria, who’ve had similar schemes in place for a number of years.In the lead up to this milestone, Purpose [...]
In exciting news for the staff of many of our clients, the NSW Government last week passed legislation to introduce portable long service leave (LSL) for community services workers in NSW. This follows Queensland, the ACT, and Victoria, who have had similar schemes successfully in place for a number of years. The scheme will allow community sector workers [...]
Earlier this month, the Fair Work Commission announced its decision to increase National Minimum and Award wages by 3.75%. This includes the Awards common across our client base, such as SCHADS and the Children’s Services Award. The increase applies from the first full pay period starting on, or after, 1 July 2024. The new National Minimum [...]
The Purpose team sometimes fields queries about the application of GST to grants, where a non-profit runs its own grant-giving program. These may be devolved Government grants, or they may be funded through donations received by the org. In these cases, what is the GST treatment on the grant? Has the definition of a ‘supply’ been [...]
