With the growth of the online world, the importance of strong cyber security and cyber awareness is becoming increasingly important. Cyber security is not just important for businesses but also for individuals and families. Scams are becoming more and more common, and it is important to be aware of the signs of a scam to safe online. What are Cyber... More Information ▶
Welcome to our latest newsletter, Budget Edition, in which we provide a brief summary of the few super related measures that were in the budget. Please remember that the following budget announcements are not yet law. Better Targeted Superannuation Concessions The Government will be going ahead with its previously announced measure to reduce the tax concessions available to individuals with... More Information ▶
Dear Greenlight Clients, The recently unveiled 2025-26 Federal Budget has introduced a few superannuation-related measures. Here is a brief overview of the key developments. Division 296 Tax on Superannuation Balances The government has reaffirmed its commitment to implementing the Division 296 tax, which imposes an additional 15% levy on superannuation earnings for balances exceeding $3 million. This initiative, projected to... More Information ▶
Welcome to our latest newsletter, Budget Edition, in which we provide a brief summary of super and retirement related measures. Please remember that the following budget announcements are not yet law. Reducing the eligibility age for downsizer contributions The eligibility age to make downsizer contributions into superannuation is set to be reduced from 60 to 55 years of age. All... More Information ▶
Welcome to our latest newsletter, Director ID Edition, in which we remind you of an important deadline coming up. About Director ID All company directors are now required to apply for a Director ID. A director identification number (‘Director ID’) is a unique identifier given to a director who has verified their identity with Australian Business Registry Services (‘ABRS’). The... More Information ▶