Ban on foreign property purchases

The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers. Employers need to pay compulsory superannuation guarantee (SG) to those considered employees under the definition in the SG rules. But, the SG definition of an employee is broad and just how far…

The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. Each year, advisers await the December inflation statistics to the be released. The reason is simple, the transfer balance cap – the amount that can be transferred to a tax-free retirement account – is indexed to the Consumer Price…

When a disaster strikes, as we’ve seen recently, it’s often difficult to navigate avenues for support across different agencies. We’ve put together this summary of what support is available in the aftermath of ex-tropical cyclone Alfred, and the eligibility conditions to access that support. Hardship assistance from your bank Most financial institutions have disaster and recovery support such as short-term…