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Act Now: ATO Interest Charges Will Soon be Non-Deductible

March 13th, 2024

Do 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, 2024

Australia'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

Self-Managed Superannuation Fund (SMSF) Loans – A Quick Guide

March 1st, 2024

SMSF Loans - have you ever thought about setting up a Self-Managed Superannuation Fund (SMSF) to secure a loan? Maybe you have a SMSF in place and want to know what your options are. In either case, read on! In this article, we’ll be looking at how to make an informed decision about the appropriatenessread more

WA Property Market Update February 2024

February 28th, 2024

2023 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, 2024

Following 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

Overseas Retirement for Australians – How to Navigate New Horizons

February 21st, 2024

Embarking on a new chapter in life, overseas retirement presents a unique opportunity for Australians to enjoy a newfound freedom and exploration. As Aussies leave the workforce, the allure of extended travels or even relocating abroad permanently to spend their post-career years requires a careful approach to planning, some parts of which aren’t present inread more

Unfair Contract Terms (UCTs) – Australian Businesses on Notice

February 14th, 2024

Australian 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, 2024

Back 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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