The Australian Government has proposed a ban on life insurers using predictive genetic test results to assess applications, aiming to prevent discrimination and improve access to cover. Here’s what the ban means for insurers and individuals. What Is Predictive Genetic Testing? Predictive genetic tests identify gene variants associated with heritable disorders that may develop later...Read More

The introduction of ‘payday super’ marks a significant shift in how superannuation guarantee (SG) payments will be managed in Australia. Here’s an overview of what’s changing and the implications for employers. What Is Payday Super? From 1 July 2026, employers will be required to pay SG contributions to employees’ super funds on the same day...Read More

The Reserve Bank of Australia (RBA) and its economic policies remain a hot topic in Australia, drawing significant political attention and public concern. Here’s a breakdown of the key issues shaping the conversation, from interest rates and inflation to a landmark payroll tax decision involving Uber. Interest Rates: Balancing Inflation and Economic Strain Political Pressure...Read More

If you’re 55 or older, downsizer contributions offer a valuable opportunity to enhance your superannuation using the proceeds from selling your home. Here’s how the rules work and why more women are using this strategy. What Are Downsizer Contributions? Downsizer contributions allow eligible individuals to contribute up to $300,000 from the sale of their home...Read More

The Australian Taxation Office (ATO) is intensifying its focus on investment properties and high-value lifestyle assets, using advanced data-matching programs to ensure tax compliance. Here’s what you need to know to stay on the right side of the law. Investment Properties: A Key Focus for the ATO Investment properties have long been under the microscope...Read More

In a recent feature in Australian Broker, Steven Galdona, Director of Credit & Operations at Solomons Capital, highlighted the company’s strategic approach to private lending. Solomons Capital is positioning itself as a key player in the fast-growing private capital sector, offering unique solutions for clients and brokers alike. He has successfully collaborated with CEOs and...Read More

With over two decades of experience, Steven Galdona joins Solomons Capital as the Director of Credit & Operations, bringing an exceptional background in credit risk management, transformation, and lending operations to Solomons Group. He has successfully collaborated with CEOs and Boards to shape business visions, leading teams of up to 300 staff across Australia and...Read More

A financial adviser helps you manage your money, but it’s not just about picking investments. Like most things in finance, the details make all the difference. What is a Financial Adviser? A financial adviser helps individuals manage their finances by offering expert guidance on budgeting, saving, investing, and retirement planning. They work with you to create a...Read More

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never that simple. As the character of Darryl Kerrigan in The Castle said, “it’s not a house. It’s a home,” and the Australian Taxation Office’s (ATO) interpretation of a main...Read More

Brace yourself: 2024 brings fresh tax cuts and a higher superannuation guarantee, reshaping your finances and business obligations in unexpected ways! Personal tax & super As of July 1, 2024, significant financial changes are in effect due to the introduction of personal income tax cuts and an increase in the superannuation guarantee rate to 11.5%....Read More