Latest news
Insights
Latest news
Keep up to date with the latest news and insights by subscribing to our fortnightly newsletter.
Ignite Ideas round 8 now open
This month the Queensland Government opened applications for grants under their Advance Queensland Ignite Ideas Fund.
Income protection insurance policy changes: the impacts and opportunities
By October 2021, all life insurance offices will cease to offer the current on-sale series of retail income protection products and migrate to offer policies designed to comply with a new series of ‘sustainability measures’ desired by the Australian Prudential Regulation Authority (APRA).
Greensill case prompts re-think of discretionary trusts as foreign investment vehicles
Has the death knell been rung for non-residents investing in non-real estate assets via Australian discretionary trust structures?
Queensland Jobs Fund - Industry Partnership Program
This month the Queensland Government opened applications for grants under their Industry Partnership Program. The program is launched under the Government’s $1.84 billion Queensland Jobs Fund, in a bid to support Queensland’s economic prosperity and resilience.
Fair Work Commission releases 2021 wage decision
On 16 June 2021 the Fair Work Commission (FWC) released its 2021 wage decision. A 2.5% increase will be applied to all Award rates and to the national minimum rate.
2021 Year end tax planning guide
2021-22 Queensland State Budget
The Queensland State Budget handed down by Treasurer Cameron Dick on 15 June 2021 reported a budget deficit of $3.8 billion is expected this year, improving to $3.4 billion next year and forecasted to return to a small surplus of $153 million in 2024-25.
Cryptocurrency under the microscope this tax time
Recently the ATO has expressed concern that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Australian dollars.
2021 Year end superannuation planning guide
The ATO targets rental property owners
In order to close the tax gap of individual taxpayers, the ATO is cracking down on rental property owners with the commencement of 2 data-matching programs to collect property management data and rental bond data, ensuring that various income tax reporting obligations have been met.