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Posts Tagged ‘news’
Super Contribution Caps Set to Increase on 1 July 2024
April 17th, 2024As the end of the financial year approaches, Australians will soon have an opportunity to significantly boost their retirement savings thanks to the upcoming increase in super contribution caps, effective from 1 July. While there are a number of different routes through which you can add value and funds to your retirement, additional super contributionsread more
WA Property Market Update March 2024
March 27th, 2024As Western Australians navigate a tricky economic and property market landscape through the end of the March quarter and into the remainder of 2024, the latest data reveals interesting trends in the WA housing values and rental markets. Despite challenges like interest rate hikes, worsening affordability, and the rising cost of living, certain factors likeread more
Act Now: ATO Interest Charges Will Soon be Non-Deductible
March 13th, 2024Do you have ATO interest charges hanging over you? Hoping to claim them as a tax deduction when you pay them off? If so, read on, because a recent Government announcement aims to put a stop to interest charge deductibility. Previously, general interest charge (GIC) and shortfall interest charge (SIC) could be claimed as aread more
Understanding the Closing Loopholes Bill (No 2)
March 7th, 2024Australia's employment landscape is on the cusp of significant transformation with the recent passage of the Closing Loopholes Bill No 2 through the Senate on 8 February. Aimed at tightening the reins on workplace practices, this legislation brings to the fore new protections for employees, casual and gig workers, along with a revised legal definitionread more
WA Property Market Update February 2024
February 28th, 20242023 emerged as a year of robust growth and significant transformations in the WA Property Market, with more of the same expected through February and the rest of 2024. Anchored by increasing median house prices in Perth, the market demonstrated resilience and appeal and maintained its status as the second most affordable capital city inread more
The Impact of Interest Rates on Your UK Pension Transfer
February 23rd, 2024Following several years of the RBA keeping Australia’s Cash Rate Target below 1.00%, successive interest rate rises throughout 2022 has seen the cash rate reach highs not seen in over a decade. While the focus on rate rises is the impact on inflation, the stock market or local property markets, less is understood about theread more
Unfair Contract Terms (UCTs) – Australian Businesses on Notice
February 14th, 2024Australian business owners are now on notice, following significant changes to the Unfair Contract Terms (UCT) regime under the Australian Consumer Law, effective from 9 November 2023. The changes are aimed at protecting Australian businesses and consumers, and ensuring standard form contracts are fair to all parties. This legislation brings with it substantial penalties, soread more
Urgent: Have You Applied for Your Director ID Yet?
February 7th, 2024Back in 2021, we covered in an article the rollout of Director IDs by the Australian Business Registry Services (ABRS) – a measure intended to combat fraud and security issues in Australian businesses. Now we’re in 2024, the ABRS continues to engage with directors of companies that haven’t yet met their obligations – meaning ifread more
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