Federal Budget update
Personal tax rates and offsets for 2023–2024 and beyond With no announced changes in the [...]
Federal Budget May 2021
Personal Taxation Personal tax rates unchanged for 2021–2022 In the Budget, the Government did not [...]
Federal Budget October 2020
Personal Taxation Personal tax cuts brought forward to 1 July 2020 In the Budget, the Government announced [...]
JobKeeper extended to March 2021; reduced rates and revamped rules
The Government today [Tue 21.7.2020] announced that JobKeeper payments will continue for 6 months beyond [...]
Federal Budget April 2019
Personal Taxation Personal tax cuts: low–mid tax offset increase now; more rate changes from 2022 [...]
Superannuation Insurance Opt-in Rule For Younger And Low-balance Members
The Government will change the insurance arrangements for certain cohorts of superannuation members from 1 [...]
Super Fees To Be Capped At 3% For Small Accounts, Exit Fees Banned
Passive fees charged by superannuation funds will be capped at 3% for small accounts with [...]
SMSF Audit Cycle Of Three Years For Funds With Good Compliance History
The annual audit requirement for SMSFs will be extend to a three-yearly cycle for funds [...]
Superannuation Work Test Exemption For Contributions By Recent Retirees
The Government will introduce an exemption from the work test for voluntary superannuation contributions by [...]
SMSF Member Limit To Increase From Four To Six
The Budget confirmed that the maximum number of allowable members in new and existing self [...]