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‘Paid in full’: ATO to send 860,000 warning letters this week – Yahoo Finance Australia

“Super is a form of deferred wages and every bit as important to be paid, and paid in full.”

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Australias businesses have until 7 September 2020 to pay previously unpaid superannuation or face harsh penalties, the Australian Tax Office is warning. 
Around 860,000 businesses are expected to receive letters from the tax man this week reminding them of their superannuation obligations to both current and former staff. 
If they choose to take up the amnesty, they will need to pay all of the previously unpaid super or agree to a payment plan. The ATO estimates workers are owed $2.3 billion i…

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University of Tasmania IT bungle leads to mass student data breach – 9News

Thousands of University of Tasmania (UTAS) students have had their personal information exposed to the entire campus after an IT bungle.

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Auto News: Skoda sales hit 1.24 million in 2019 – caradvice.com.au

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Walmart expands fashion focus with new private clothing label for men and women – CNBC

With the coronavirus pandemic and recession, Walmart has a new opportunity to grab market share from apparel retailers.

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Walmart has made moves to try to build up its fashion credentials. It acquired popular brands like menswear retailer Bonobos. It tapped celebrities including Ellen DeGeneres and Sofía Vergara to inspire clothing collections. And it struck a deal with ThredUp, a secondhand seller of apparel, shoes and accessories, to offer higher-end brands on a budget.
The retail giant doubled down Monday on another piece of its strategy: Developing exclusive brands for shoppers who want style and value. It is …

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Top deal makers to lead Magellan and Barclays investment bank startup – Sydney Morning Herald

Some of Australia’s top deal makers are heading up a new investment banking venture backed by ASX-listed fund manager Magellan and British bank Barclays

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Some of Australia’s top finance deal makers have been recruited to run a new full-service broker and investment bank backed by ASX-listed fund manager Magellan Financial Group and British bank Barclays.
A star-studded line-up, including three ex-UBS Australia executives, will head up Barrenjoey Capital Partners. It will offer corporate advice, equity and debt capital underwriting and research and brokerage.
Barrenjoey is led by former Challenger managing director Brian Bernari, who becomes chi…

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