As previously announced, from 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years. Specifics & breakdown First Home Guarantee Guarantees part of a first homeowner’s home loan...Read More

Learn about the non-arm’s length income rules and the confirmed tax on super earnings above $3 million, and how it affects super funds and investors in this informative article. Clarifying the non-arm’s length income rules for superfunds The Non-Arm’s Length Income (NALI) rules aim to prevent superannuation trustees from artificially inflating the fund’s balance and...Read More

Discover how your small or medium-sized business could benefit from up to $20,000 in bonus deductions for energy-efficient upgrades and electrification. Eligible assets include induction cooktops, heat pumps and more, with the incentive available between 1 July 2023 and 30 June 2024. Don’t miss out! The incentive As previously announced, the Small Business Energy Incentive...Read More

The ‘Ace in the Hole’ of the 2023-2024 Federal Budget was the $4.2 billion surplus, the first in 15 years. The Federal Budget at a glance The surplus was driven by a surge in the corporate and individual tax take: High commodity prices, inflation, and high employment have all pushed up corporate and individual tax...Read More