This year’s highly anticipated Budget sets in motion key aspects of the economic recovery plan through a mixture of tax cuts, business concessions and bold measures to stimulate spending and investment.
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Budget: Super trustees – new best “financial” interests duty
The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.
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2020-21 Federal Budget: “all about jobs” plus record deficit, big spending, backdated tax cuts and more
On Tuesday, 6 October 2020, Treasurer Josh Frydenberg handed down the 2020-21 Federal Budget, his second Budget.
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WEBINAR: Federal Budget 2020-21: Unwrapped by the experts! Watch on demand!
Our Senior Tax Writers, Ian Murray-Jones and Stuart Jones will be your Federal Budget guides, bringing you the latest news and taking you through the detail and analysis of the tax and superannuation announcements.
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My wish list: 3 changes SMSFs need that won’t blow a hole in the Federal Budget
If accountants ever needed reminding that 2020 is indeed a strange year, look no further than the fact that the 2020 Federal Budget will be brought down on Tuesday, 6 October rather than the traditional “second Tuesday in May”.
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Downsizer super contributions from part disposal of home
ATO advice suggests that a part disposal of a person’s home can be eligible for making a superannuation downsizer contribution under s 292-102 of ITAA 1997.
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Extension to early release from superannuation
The Federal Government is extending the application period for the early release from superannuation measure to increase the scope for individuals who may still be financially impacted by COVID-19 to access early release in the coming months.
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Now on-demand: Live! Tax Q&A Forum: Your questions answered by the country’s leading tax experts
Get your questions answered by the country’s leading tax experts.
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How do the COVID-19 Super Stimulus Measures affect you?
Superannuation is normally one area that is slow to change. But these are not normal times. COVID-19 has changed all that with the introduction of unforeseen measures that directly and indirectly impact your super.
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Australian superannuation stimulus poses risks for fund trustees
The Australian government’s COVID-19 superannuation reforms pose a number of challenges and pitfalls for fund trustees, an industry official warned.
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