The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data breached.
For business, the breach is a timely warning on the importance
of understanding what data is held on your customers (and should you hold it?), how it is secured, how your systems work and the process to
identify gaps and deficiencies, the appropriate actions if and when a breach occurs, and the impact on your relationship to your customer.
This is not something that can be outsourced to IT but a whole of business issue.
The ATO will stop accepting direct credit card payments from 1 December 2026, requiring businesses and individuals to switch to alternative payment methods such as debit card, BPAY, EFT or bank account direct debit. While the change affects only a small percentage of taxpayers, businesses that rely on credit cards to manage cash flow or fund ATO payment plans should act now to update arrangements, avoid missed payments and prepare for the cash flow impact of having tax obligations funded from available business funds.
Hiring entertainers, promotional staff or event contractors for your Christmas function could create superannuation obligations you didn't expect.