Managing Negative Online Reviews

In NSW, media companies are now “publishers” on Facebook. They were not until last month, when Justice Rothman handed down his decision against News Corp in the Dylan Voller case (now on appeal). The media companies deny that they are publishers on Facebook because they don’t create or control posts on their websites, so they […]

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Negative rates, QE & other measures the RBA may deploy – Why? Will it work? What would it mean for investors?

Introduction Since the RBA started cutting interest rates again back in June and in the process taking them closer to zero there has been increasing debate that it will deploy so-called “unconventional monetary policy measures” such as negative interest rates and quantitative easing. This debate has hotted up in recent weeks after the escalation in […]

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Businesses next up for ATO visits

Approximately 400 businesses in Victoria and 500 in New South Wales have been tagged for planned visits by the ATO in August and September. It is a part of the 10,000 businesses that ATO is planning to visit each year to target the black economy. The timeframe of the ATO to conduct such visits will […]

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Your Essential 2019 EOFY Checklist

No one wants to pay more tax than they need to or face unnecessary risks. We’ve compiled a list of our top tips for you. Superannuation Opportunities before EOFY  Maximise super contributions Ensure that you have maximised your annual concessional (tax deductible) and non-concessional (undeducted or after-tax) super contributions. The following summarise the contribution caps […]

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Protecting Your Super Legislation: Inactive Accounts & Insurances

The Protecting Your Superannuation (PYS) Package Bill was passed by Parliament in February 2019 and is designed to protect member balances and hold trustees more accountable. The Package introduces a number of changes, including a complete ban on exit fees, a cap on fees for low balance accounts, insurance cancellation for inactive accounts and transferring […]

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Protecting Your Super Legislation: Inactive Low-Balance Accounts

The Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 introduced a new category of accounts that need to be reported and paid to us – inactive low-balance accounts. To protect accounts from fee erosion, inactive low-balance super accounts will be transferred to us and, where possible, we will proactively consolidate your super on your behalf. Inactive Low-Balance Accounts […]

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Left Out Of A Will, Want To Put It Right?

Where’s there’s a Will, there’s sometimes a Way – to upturn it. Karl Lagerfield died last month.  According to Le Figaro, his cat Choupette was to inherit a good bit of his estimated $300 million fortune.  She’s no retiring feline, this one, she has her own Instagram account.  Here is an image of Choupette with […]

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Inflation undershoots in Australia – why it’s a concern, is the RBA running out of ammo & what it means for investors?

Introduction Surprisingly weak Australian inflation has led to expectations the Reserve Bank will soon cut rates. But what’s driving low inflation? Is it really that bad? Why not just lower the inflation target? Will rate cuts help? And what does it mean for investors? Inflation surprises on the downside again Australian inflation as measured by […]

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ATO Doubles Rental Deduction Audits

In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billon in deductions and the Australian Taxation Office (ATO) thinks that is too much – one in ten is estimated to contain errors. The ATO expects that 4,500 audits of rental property deductions will be undertaken this year with the focus on […]

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A Labor Government on Tax & Super

We examine some of the pivotal policies from the ALP on tax, superannuation and business. Tax on investment property In general, taxpayers are able to deduct from their assessible income any expenses they incur generating or producing that income. An investment is negatively geared when the cost of owning the asset is more than the […]

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