Yearly Archives: 2018

Avoid errors when completing ASIC form FS70

Author: Lorraine Calway, Gold Seal Audit & Technical Services Manager Should insurance brokers describe themselves as a limited licensee when completing the ASIC form FS70? Gold Seal''s compliance helpline has recently received several queries where:  the brokerage’s financial auditor provided incorrect advice about the completion of FS70; and  other brokerages who have completed FS70

2018-10-25T14:34:31+00:00October 25th, 2018|News|

Fair Work changes from 1 October 2018 – Changes to Casual Employment

Author: Lehanne Bleumink, Gold Seal HR Services Manager. As part of the four yearly Modern Award review, the Fair Work Commission determined that Modern Awards should include a Casual Conversion term. Therefore from 1 October 2018, casual employees covered by 85 of the Modern Awards have the right to request full-time or part-time employment after

2018-10-18T10:21:26+00:00October 17th, 2018|Articles, HR News, News|

New Director joins Gold Seal

David Mills appointed Director by Gold Seal Gold Seal has announced the appointment of key industry figure David Mills as Director, Market Development. Gold Seal is a trusted partner of organisations across the industry, providing a range of services including business management, compliance, education and training and HR Management. They

2018-09-24T13:46:48+00:00September 24th, 2018|News|

Understanding Single Touch Payroll

Author: Lehanne Bleumink, Gold Seal HR Services Manager. Employers by now should be aware of the ATO’s Single Touch Payroll (STP) requirement that has commenced for some employers already. STP represents a change in reporting payments to the ATO (such as wages, pay as you go (PAYG) withholding and superannuation information) from once annually, to

2018-09-07T14:26:15+00:00September 7th, 2018|Articles, HR News, News|

Dispute Handling

The Australian Financial Complaints Authority (AFCA), the new independent external dispute resolution scheme, has issued guidance and reminded members that they need to ensure their customers are aware that they can bring a complaint to AFCA in accordance with the updated ASIC Regulatory Guide 165, which also sets out transitional arrangements for disclosure of

2018-08-28T12:57:56+00:00August 28th, 2018|News|

General Insurance Code of Practice

In March 2018 the Code Governance Committee published a guidance note on the Financial Hardship obligations under the Code. It is important that Code subscribers, and those that act on behalf of Code subscribers, read and understand the new guidance notes and then review and update their documented procedures if necessary.  We also recommend

2018-08-28T12:57:17+00:00August 28th, 2018|News|

5th Valerie Baker Memorial Award – finalists announced

Sponsored by Gold Seal, AIMS and Steadfast Supported by Lloyds The finalists for the 5th prestigious Valerie Baker Memorial Award have just been announced. The Valerie Baker Memorial Award recognises excellence in professional practice in the General Insurance intermediary sector, including both broking and underwriting agencies. It is awarded nationally

2018-08-28T12:08:35+00:00August 28th, 2018|News|

Protecting Your Business Through Employment Agreements

Author: Lehanne Bleumink, Gold Seal HR Services Manager. Employees have ready access to their employer’s confidential and proprietary information during the course of their employment. For an employee, this information is important in order to carry out their duties. It may be tempting for an exiting employee to improperly retain confidential information, as they believe

2018-08-16T15:05:28+00:00August 16th, 2018|Articles, HR News, News|