Support for Renters, Landlords, Consumers & Business

We have received an update from Consumer and Business Services detailing how they propose to support renters, landlords, consumers and business during COVID-19. We have identified some key points in the update for our clients:   SUPPORT FOR LANDLORDS & TENANTS The State Government has proposed some initiatives aimed at helping residential tenants and landlords whose incomes have been affected…

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JobKeeper Employee Nomination Notice

If you are a business and have been impacted by the coronavirus (COVID-19), you may be eligible to access the JobKeeper Payment. Before you enrol for the JobKeeper Payment, you need to complete the JobKeeper employee nomination form to: notify your eligible employees that you intend to participate in the scheme ask them if they agree to…

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Superannuation Tax Loophole

We’re receiving many calls about the following article published by the ABC last week which relates to a potential superannuation withdrawal and re-contribution strategy: ABC News website. We would like to clarify some points raised in the article for our clients. KEY POINTS The Government will allow individuals affected by COVID-19 to access up to…

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A Danish bank is offering mortgages at a 0.5% negative interest rate — meaning it is basically paying people to borrow money

A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark’s third-largest bank, said this week that customers would now be able to take out a 10-year fixed-rate mortgage with an interest rate of -0.5%, meaning customers will pay…

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The 2019 Federal Budget Explained

Last night the incumbent Liberal government handed down the 2019 Federal Budget. We have reviewed the document and provide below the highlights that will affect our client base the most for your review. The Government predicts a return to surplus of $7.1 billion (or 0.4% of GDP) in 2020 – the first surplus in 12…

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Why Elections Are Important

Labor tipped to hit middle class hard Tax is a contentious thing. We all hate paying it but begrudgingly do so because, without it, the Government wouldn’t be able to provide all the services they offer. We understand that if Labor has its way, the very rich will also be hurt, but when you are…

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