Defined Benefit Fund & Pensions: FAQ

Defined Benefit Fund & Pensions: FAQ

Defined benefit pension plans aren’t a common feature of superannuation schemes today, but they were popular with employers before the 1990s in certain industries. For many current-day retirees who may have worked within the public sector (such as the military) or the...
The Work Test Abolishment

The Work Test Abolishment

On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it would change the superannuation contribution rules for individuals between 67 to 74 years old. This repealing of the work test for voluntary super contributions occurred in...
Deductions Landlords Should Be Wary Of

Deductions Landlords Should Be Wary Of

Property investors are warned to have sufficient and correct records when declaring rental income and deductions as the tax office is keeping a close eye on real estate claims once again.In an announcement earlier this year, the Australian Tax Office announced that...
VICTORIAN DINING & ENTERTAINMENT PROGRAM HAS RETURNED

VICTORIAN DINING & ENTERTAINMENT PROGRAM HAS RETURNED

The Victorian Dining and Entertainment Program has returned! Originally launched back in March, the program allows Victorians to claim 25 per cent cash back if spending $40 or more on dining and events across the state. The program covers purchases at cinemas,...
SMALL BUSINESS VENTILATION PROGRAM

SMALL BUSINESS VENTILATION PROGRAM

Eligible businesses in Victoria can now access between $500 and $5,000 via the Small Business Ventilation Program for air ventilation and filtration equipment, work or professional services to improve ventilation and reduce COVID-19 transmission. The Ventilation...