Federal Election called
2019/20 Budget Update The Federal Election called for 18 May 2019, and the Governor-General has ‘prorogued’ the Parliament from 11 April until 18 May 2019 and dissolved the House of Read More…
Other Federal Budget changes
Other announced changes Increased refunds for eligible primary producers and tourism operators The Government will provide further relief to farmers and tourism operators by amending the luxury car tax refund Read More…
Division 293 assessments
Additional tax on concessional contributions The ATO has been issuing ‘Additional tax on concessional contributions (Division 293) assessments’ with respect to liabilities relating to the 2018 income year. Division 293 Read More…
Finding and consolidating super
Finding super sparks $860 million of joy New data released by the Australian Taxation Office (ATO) shows that Australians were busy finding and consolidating our superannuation accounts at the end of 2018. More Read More…
Mid-Year Economic and Fiscal Outlook
MYEFO report Mid-Year Economic and Fiscal Outlook (‘MYEFO’) report recently released. It indicates that the underlying Budget deficit is expected to be $5.2 billion in 2019 (down from the $14.5 Read More…