Aged care report goes to the heart of Australia’s tax debate
The Aged Care Taskforce was asked to report on how to fund aged care around the country. In so doing, it took a side in Australia’s national tax ‘tragedy.’
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Removed super no longer protected from creditors: court
A recent Federal Court ruling has found that the transfer of super from a husband to his wife’s superannuation account is no longer protected as an interest of the bankrupt in a regulated super fund under the Bankruptcy Act 1966.
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The compounding benefits from reinvesting dividends
Using income distributions to purchase additional ETF units can significantly compound capital growth and income returns over time.
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ATO investigating 16.5k SMSFs over valuation compliance
More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the same value for at least three income years.
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Investment and economic outlook, March 2024
Region-by-region economic outlook and latest forecasts for investment returns.
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The 2025 Financial Year Tax & Super Changes You Need to Know!
The new financial year is fast approaching and so are a number of changes to superannuation contribution amounts and the individual tax rates. These changes are outlined below, as is some information on how you may be able to work with these changes when managing your tax affairs during 2024-25.
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‘Deepfake’ clickbait scamming would-be investors
Fake news and ‘deepfake’ videos of celebrities and public figures appearing to promote online investment platforms are increasing on social media. ‘Deepfakes’ are lifelike impersonations of real people, created by artificial intelligence (AI). Scammers create ads and fake news articles to make you believe the celebrities actually use these scam investment platforms. The platforms claim to use...
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Countries producing the most solar power by gigawatt hours
Check out the countries that produce the most solar power.
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Illegal access nets $637 million
The ATO has found $637 million of superannuation savings has left the system due to illegal early access carried out through SMSFs.
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Could your SMSF do with more diversification?
Australian Tax Office Office data shows a high percentage of SMSFs are lacking portfolio diversification.
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Trustee decisions are at their own discretion: expert
A trustee doesn’t need to show reasons why they made a decision, they will only need to show they followed a proper decision-making process, says a specialist legal adviser.
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Sofie Korac is an Authorised Representative (No. 400164) of Prudentia Financial Planning Pty Ltd, AFSL 544118 and a member of the Association of Financial Advisers.
Financial Advice Sydney and the North Shore Office based in Gordon NSW