Politicians and defamation – a costly ‘tweet’ and an even more costly ‘revenge’
There have been two recent defamation cases involving prominent politicians that have highlighted the dangers of social media for defamation defendants. As is always good practice, there is a need to check one’s facts and to make reasonable enquiries before publishing something defamatory about a prominent person even on social media.
Payroll tax can creep up on businesses because before they know it, their wages may exceed their State’s threshold. In Western Australia, that threshold is $750,000.
The thresholds and accompanying legislation varies according to State. However, since 2008 these various Acts were harmonised to increase the sharing of information between States.
The Office of State Revenue uses WorkCover data match, sharing data among the States and Territories, ATO data match, ASIC searches, and sector audits.
Make sure your company meets its obligations as outlined in the 3rd edition of the ASX Corporate Governance Principles and Recommendations. Incorporate the below recommendations:
- Review current Corporate Governance Policy. If the Policy was adopted a long time ago, it will likely need to be changed. It may be most effective to adopt an entirely new policy to incorporate the updated Principles and Recommendations.
- Find out what recommendations the company has complied with and create a corporate governance statement.
- Decide whether disclosure is to occur on the company website or in the Annual Report.
- Obtain board approval of the corporate governance statement and lodge an Appendix 4G along with the Annual Report and corporate governance statement.
- Improve Investor information on the company website by including an email address for security holder communications; enabling investors to subscribe to company updates and announcements; and making available corporate governance information.