Welcome to the first Rawson Verco Need Cyber Security newsletter for 2022.

We’d like to wish you a happy, positive, and perhaps more importantly, secure, New Year.

Due to the ongoing impact of COVID-19, the Federal and State Governments have recently announced additional support packages for affected businesses. We have summarised them below for your perusal.

Please be mindful of the closing dates for each grant application.

Should you have any questions or wish to discuss any of the below in further detail, please do not hesitate to contact our office.

Today, we’d like to take a look at the news of the State Government’s recent cyber breach, and the latest software threat to all of us.

Last week the Government of South Australia announced a Frontier Software data breach affecting the personal data of at least 38,000 employees, and possibly up to 80,000, across most State Government agencies. Critical information including full name, address, tax file number, superannuation details and more, was compromised, though the exact method of compromise remains undisclosed.

The Australian Government recently passed legislation containing an initiative which will require all directors to obtain a director identification number (director ID). The director ID initiative is part of the Government’s Modernising Business Registers (MBR) program, all in aid of building a fairer business environment by preventing the use of false or fraudulent director identities.

Learn more about the MBR program

A director ID is a unique 15-digit identifier that a director will apply for once and keep forever, even if they change companies, stop being a director, change their name, or move interstate or overseas.

SA Land Tax Update – Land held by a Discretionary Trust

Trustees of a discretionary trust who held land in the trust on or before 16 October 2019, have until 31 December 2021 to nominate a designated beneficiary for that land. Land purchased after 16 October 2019 is not eligible for nomination. By nominating a beneficiary, the land held by the …

The Directors and staff at Rawson Verco Need are excited to announce that we are moving to our brand new, purpose built, office space just around the corner at 9a–11 Anzac Hwy, Keswick (2 doors down from Officeworks).