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ASIC has recently conducted surveillance activity which identified two significant concerns in the labelling of financial products by managed funds. The first of which was confusing and inappropriate product labels across over half of the fund selected
Read MoreIn its Budget reply speech, Labor has earmarked changes to the childcare subsidy should it win the next election which could occur as early as late 2021
Read MoreIn the Budget, the Government announced that it will bring forward to 1 July 2020 the personal tax cuts (Stage 2) that were previously legislated in 2018 to commence from 1 July 2022. The Stage 3 tax changes remain unchanged and commence from 1 July 2024, as previously legislated.
Read MoreThe ATO has outlined options for businesses struggling with the economic downturn including deduction of business losses and offsetting losses in future years.
Read MoreWould you like to semi-retire but are not at the age where you can access your super? Depending on your super fund you may be able to access a transition to retirement pension
Read MoreA new data matching program between the ATO and Centrelink is currently underway and will apply for the 2019-20 and 2020-21 income years.
Read MorePrior to the Hayne Royal Commission, if you applied for a home loan you would generally state a single monthly living expenditure figure on your loan application.
Read MoreAustralian equities:
The recovery in Australian shares was cut short in July amid reports of growing Covid-19 cases and anticipation of harsher restrictions in Victoria. Early in August, the Victorian government announced a state of disaster and moved to stage four lockdown, which will see an estimated 1 million people restricted from going to and from their workplace for at least six weeks, while only essential businesses including supermarkets and pharmacies may remain open. The S&P/ASX 200 Index gained 0.5% over the month, dragged down by the energy and health care sectors.
Read MoreThere has be a great deal of press about the extension to the JobKeeper and Business Grants Scheme on offer by the State and National Governments. We want to assist all of our clients who are eligible to get all the financial support available during these challenging times.
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