Latest news

The proposed super guarantee amnesty is very important – it releases employers from significant penalties for underpaid or late super contributions. The amnesty was originally announced in May 2018 but the bill lapsed when the Federal Election was called and the amnesty was never enacted. The legislation was re-introduced in September 2019 but still remains before Parliament. So the proposed amnesty is not currently law. This has caused a lot of misunderstanding and confusion among employers.

For many people Self Managed Superannuation Funds (SMSFs) are a great option for building retirement savings, however, they may not be the ideal fund for all. The following will showcase some important differences between SMSFs and other types of funds. Differences include management, costs, investment flexibility, insurance, and more. This information will help you make a more informed decision about your super.

The Advance Queensland initiative aims to drive innovation, build on Queensland’s natural advantages, and invest in a stronger Queensland economy. An ongoing funding initiative, Ignite Ideas Fund, supports start-ups and small to medium enterprises in commercialising innovative products, processes or services that have reached the minimum viable product stage and have market potential.

While the Australian Taxation Office were treating Ride Sharing Vehicles such as Uber as a taxi for GST purposes, the ride sharing vehicles missed out on a useful Fringe Benefits Tax (FBT) exemption for home to work travel which was only provided for registered Taxis.