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 ▶
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 ▶
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 ▶
Superannuation legislation proposed end of September 2016 have passed through both houses of parliament today. These make significant changes to the superannuation laws and do differ from the original changes announced in the Federal Budget in May 2016. The below changes will apply from 1 July 2017 so it might be sensible to for you to start thinking about how your... More Information ▶
The government has just announced that it had been successful in gaining support for the repeal in the Mining Tax Tax, but with that comes a freeze on the increase in Superannuation Guarantee Contributions (SGC). Until this year’s budget, the Labor government had SGC reaching 12% by 2019. This change sees it staying at 9.5% until 2021 before increasing in... More Information ▶
