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As the current economic environment is drastically changing each day, we aim to keep you informed of the incentives and measures the Australian government is putting in place to assist Australians during this time. Here is breaking news of the latest stimulus measures that the Government has announced this afternoon, which is fantastic news for small businesses and working Australians. We have also included a a re-cap of all measures that are already in place. THIRD STIMULUS PACKAGE – 30 MARCH, 2020 1.…  Read more

Important superannuation measures have now been put in place in response to the current challenges we are facing due to the Coronavirus (COVID-19).  The key measures include: Temporarily Reduce Superannuation Minimum Drawdown Rates The Government is temporarily reducing superannuation minimum drawdown requirements for account based pensions and similar products by 50 per cent for 2019-20 and 2020-21. This measure will benefit retirees by providing them with more flexibility as to how they…  Read more

In December 2019 the government passed laws that affect the main residence exemption for non-tax residents. If you are a non-resident of Australia, for tax purposes, you may need to consider selling your Australian family home before 30 June 2020*. *Note: This article was drafted before the Coronavirus pandemic which has had a significant impact on the value of residential homes. While for tax purposes it may be appropriate to…  Read more