skip to Main Content

Important Superannuation Update

As we enter the new financial year it is important to take note of several important superannuation changes and updates. Superannuation Guarantee Rate From 1 July 2014 the rate of superannuation guarantee required to be…

Budget 2014/15: Government

Reducing the size of Government In addition to freezing wages, the Government has put in place a wide reaching program to reduce the size of Government over the next four years. Merging by 1 July…

Budget 2014/15: Education

Universities able to set their own fees The cost of tertiary education will go up with Universities and other educational providers able to provide their own fee structure (or ‘contribution’ structure as they call it).…

Budget 2014/15: Social Services

Anyone accessing Government support and assistance is likely to feel the impact of the Budget’s tightening of access and eligibility. In addition, eligibility thresholds themselves will be frozen saving the Government $1.5bn over 4 years.…

Budget 2014/15: Health

$7 fee for going to the doctor A patient contribution of $7 will apply for visiting a doctor. Concession card holders and children under 16 will not pay the fee until they reach 10 visits…

Budget 2014/15: Superannuation

Super Guarantee rate increase rephasing Some clarity at last on what is happening with the superannuation guarantee (SG) rate. The previous Government introduced changes to the superannuation guarantee rate to bring it up to 12%…

Budget 2014/15: Business

The good news for business is that the decrease in the company tax rate from 1 July 2015 is safe for now. The bad news is that there are a series of other costs to…

Budget 2014/15: Individuals

For high income earners, the Budget announcements will mean that you are ‘contributing’, as the Treasurer says, more than ever. Don’t forget that for most taxpayers, your effective tax rate will increase from 1 July…

What SuperStream means for Self Managed Super Funds

From 1 July 2014, superannuation funds receiving contributions for members whose employers have 20 or more employees will need to be ready to receive electronic contribution payments and information under the SuperStream standard.  Superannuation funds…

What SuperStream means for Employers

From 1 July 2014, employers with 20 or more employees will need to start implementing SuperStream compliant payroll systems and commence paying and reporting superannuation contributions electronically on behalf of their employees prior to 30…

Back To Top

Stay Informed

Join our mailing list to receive the latest business, financial and taxation tips and advice.
SUBSCRIBE
close-link