Partners to rely on

“Downsizer” super contributions for those who are 65 and older

Many Australian retirees find that they want a smaller home, or a home more suited to their empty-nest requirements. For some, selling the family home can be a great way to release built-up equity to pay for retirement living expenses or in-home support that will allow them to stay at home longer. Older Australians are the beneficiaries of the fed...

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Superannuation changes effective 1st July 2019 – Does this affect you?

From July 1, super funds are required to cancel default life insurance policies in funds where members have not made a contribution for 16 months, unless members actively "opt in" to the policy or reactivate the account.

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Labor’s tax and superannuation policies

As we approach the inevitable but as yet unannounced 2019 Federal Election, Australians are starting to consider policies of the major parties, and we are particularly interested in the policies related to tax and superannuation.

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A superannuation deduction you (probably) can claim (but not till 2018!)

On a positive note, from 1 July 2017, it is much easier for employees to claim a deduction in their own tax returns for personal superannuation contributions. These are the contributions made in addition to the 9.5% superannuation guarantee and salary sacrifice contributions, made by their employers. The change is a result of removal of the old “10...

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SuperStream for employers and Self Managed Super Funds

SuperStream – the new compulsory electronic regime for payment of employer super contributions and for submitting the related contribution information - commences from 1 July 2015. Additionally, SuperStream measures have implications for Self Managed Superannuation Funds which receive contributions from employers.

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July 2014 Client Bulletin

As we begin the 2014/15 financial year, a number of tax and compliance changes are coming into effect. Some changes remain announced but unlegislated while the Government is unable to get some measures through the Senate. In particular, the amendments to small business depreciation rules remain in limbo while we wait for the legislation to be reint...

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SuperStream changes for employers and Self Managed Super Funds

In 2011, the former government announced a raft of changes dubbed ‘Stronger Super’ designed to boost the superannuation system and to encourage people to become more educated and proactive with their super. One of these changes is the introduction of ‘SuperStream’ – the new compulsory electronic process for payment of super contributions and for ...

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The proposed Mineral Resource Rent Tax repeal will reduce tax concessions for small businesses

The Government has released draft legislation which proposes to abolish the Minerals Resource Rent Tax ('MRRT'), and the related tax concessions, introduced by the former Labor Government, as pledged by the Liberal Party at election time. The proposed repeal of the MRRT, which has been passed by the House of Representatives but is yet to pass the ...

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The Government tackles the backlog of unenacted tax and superannuation announcements

On 6 November 2013, the Treasurer Joe Hockey announced that the Government will address a large number of unlegislated tax and superannuation related announcements. These have been accumulating since 2001 and at the time of the Federal Election there were 96 unenacted announcements which have been causing a great deal of uncertainty for all potenti...

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Pre-election Announcement Newsletter

As we all prepare to cast our vote this Saturday 7 September in the 2013 Federal Election and no doubt looking forward to the end of the extraordinarily long pre-election campaign, it is worth considering the potential tax related outcomes of the Election.

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