In an effort to provide more support for Australian farmers and regional economies, The Minister for Immigration, Citizenship and Multicultural Affairs, The Hon David Coleman, MP together with Ministers Coleman and Littleproud announced, in a Media Release on 5th November 2018, changes to the Working Holiday Maker (WHM) visa program.

  To date, the WHM Program has enabled young adults (aged 18-30) from eligible partner countries to work in Australia while having an extended holiday. Work must not be the main purpose of the visa holder’s visit. The WHM Program includes the Working Holiday (subclass 417) and Work and Holiday (subclass 462) visas.

  The changes have been designed to target genuine workforce shortages in regional Australia without displacing Australian workers, increasing the number of WHM visa holders and allowing them an extension of time in Australia by undertaking agricultural work in new areas across Australia.

Announced changes to Working Holiday Visa Makers include:

These changes require a strict workforce test to be applied to ensure Australian workers are given the first opportunity for work.

Changes to the Seasonal Worker Program:

For more information, please click here.

How can YML help?

Talk to our YML Finance Team today to see how YML Group can assist you with your home loan. Contact us on (02) 8383 4400, or by visiting the Contact Us page on our website.

Transfer of Business Assets & Private Company Shares

As recently confirmed by the NSW Treasurer, the transfer duty of the transfer of business assets has been abolished as of July 1st.This also includes the transfer of private company shares and mortgage duty.


How New Laws May Impact Your Use of an Earnout Right when Buying or Selling a Business.

New legislation was introduced on the 25th February 2016, affecting look-through earnout rights from the 24th April 2015 onwards. It changes the capital gains tax (CGT) treatment on these earnout rights. If you have bought or sold a business after this date using an earnout right, it is valuable to look into what effect these changes may have on you.



The Fringe Benefits Tax (FBT) is a tax paid by employers on certain benefits provided to their employees, which may be in addition to their salary or wages package.


Budget Alert – Should you put in place a Transition to Retirement strategy?

With Budget night fast approaching, there is much speculation over changes in tax reform, particularly regarding the Transition to Retirement policy (TTR). It is well worth using this time prior to the Budget weighing up the benefits of putting a TTR in place in order to gain any benefits you may be entitled to before a potential change to the policy.




YML Group is proud to announce a new strategic partnership with HiFX, Australasia's leading risk management and foreign currency specialist.


Big data for small business


For many years businesses have been collecting and storing large of amounts of information for further analysis. In today’s business environment the collection of data has become ingrained in the way that we work. We collect business transaction, contact and social media information as part and parcel of our work-day interactions. This data becomes extremely valuable when it is portrayed in a way that effective decisions can be made from it.

It is not the amount of information that is important. It is what businesses do with this information that matters. This data can be analysed for insights that lead to better strategic business decisions.

Recently the term ‘Big Data’ has become widely known. ‘BigData’ can be described by the following criteria;

Traditionally the activity of collecting large amounts of data and preparing it in order to make meaningful decisions has been reserved for big businesses with even bigger budgets. Today, because the technology is readily available, small businesses can also benefit from the amount of online and offline information in order to make data- driven decisions to grow their businesses. There are several ways that your business can collect, analyse and make sense of the data you already have.

As a trusted adviser to small and medium size businesses, YML Group is perfectly placed to guide your business using the best tools to collect, understand, visualise and make better decisions with your information.

Ask to speak to your partner or a member of our Innovation Team about our exclusive “Data – Driven Decisions” workshops.

The goal is to turn data into information, and information into insight - Carly Fiorina, Former CEO of HP


Buying property through SMSF – what are the rules?

If you run a self-managed superannuation fund (SMSF), you can invest part of your super, and borrow money within your super, to purchase either residential or commercial property. Buying property through your super has many advantages and is a great way to build up your retirement savings, however there are also a number of special rules that apply to property when it is owned by an SMSF.


Buying Property? Why You Should Care About Interest Rates

Interest rates are a key consideration for anyone buying a home, either as an owner-occupier or an investor. Why? (more…)

How The Cloud and Automation Make Business Management Easier


All businesses, whether big and small, need to process data, keep records and perform routine tasks – it’s just a fact of life. Doing so manually can be incredibly time consuming and inefficient, so most business owners naturally turn to information technology to perform a lot of the menial and repetitive tasks for them.