All Things Budget 2022

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  1. Happy Financial New Year 2022!

    Welcome to our latest newsletter, End of Financial Year Edition, in which we provide you with a brief checklist of items to consider. Contributions A brief reminder of some of the types of contributions you may have the opportunity to make by 30 June 2022: Concessional contributions up to $27,500 pa;Non-concessional contributions (so long as Total Super Balance at 30... More Information

  2. February 2022 update

    Welcome to our first update for 2022, in which we outline the key super measures that have recently been passed by both Houses of Parliament. Once Royal Assent is given, most of these changes will apply from 1 July 2022 Changes to the Work Test The work test requires individuals over the age of 67 to be gainfully employed for... More Information

  3. Director identification number

    Australian company and SMSF directors can now register for the new director ID. A director ID is a unique 15-digit identifier given to a director who has verified their identity with the Australian Business Registry Services and will help to prevent the use of false or fraudulent director identities. Directors will keep the same director ID for life. There is... More Information

  4. SuperStream rollovers and release authorities

    SuperStream is the electronic system used to transfer data to super funds and is used to process employer contributions and for rollovers between super funds. It can also be used for certain ATO release authorities. The idea behind SuperStream rollovers and release authorities is to make the processing faster, more efficient and with fewer errors. For the SMSF to be... More Information

  5. 2018-19 Federal Budget

    As you would be aware the budget was handed down last night here in Federal Parliament. There have been a number of personal tax changes proposed along with some minor changes to superannuation (in comparison to last year). The National Tax & Accountants' Association (NTAA) has prepared this summary which is available on their website.  Please do not hesitate to... More Information