Finance
End of Financial Year: a time for reflection and new opportunity
12 June
Why the EOFY Marks More Than Just a Date on the Calendar As June 30 rolls around each year in Australia, it brings with it a moment of pause â a clear marker that one financial chapter is closing and another is about to begin. While for some, it...[Read More]
The top 5 places to visit in Australia for retirees
12 June
Now that youâve retired from the workforce and have all the opportunities to do what you want, youâre ready to take the trip of a lifetime. Â If youâre planning to take a tour across Australia, hereâs a list of 5 top destinations to visit...[Read More]
Teaching kids about money at different stages in their lives
12 June
Itâs every parentâs dream to secure their childrenâs future. Of course, not everyone has the wealth required to do this, and the next best thing you could do as a parent is to teach them how to budget and invest. Through financial education,...[Read More]
Businesses and consumers caught between opposing forces
12 June
Will a second rate cut be enough to settle the nerves of businesses and consumers spooked by global trade uncertainty? Donald Trumpâs tariffs have weighed on sentiment in recent months, stifling an expected economic recovery in 2025. Household...[Read More]
Liberals concede tax cut stance a âstrategic mistakeâ
12 June
The coalitionâs new finance spokesman has conceded campaigning against tax cuts was a significant error, promising to push for lower rates in the next term of parliament. James Paterson said the coalitionâs position against Laborâs two-part...[Read More]
Greens strike conciliatory tone on super tax changes
12 June
The Greens are âabsolutely readyâ to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3...[Read More]
âNot unreasonableâ: PM hopeful on summit compromise
11 June
The prime minister is confident unions and business groups will find common ground in dealing with flagging rates of productivity. Anthony Albanese announced a productivity roundtable would be held in Canberra in August to find ways on lifting...[Read More]
EOFY super and tax strategies: is it too late? What you can still do â and how to get ahead for next year
5 June
As June 30 approaches, many Australians wonder: Have I left it too late to make a difference to my super and tax position this financial year? The good news is, itâs not too late. With some focused action in the final month and a proactive start...[Read More]
Economy stalls as private sector fails to pick up slack
5 June
Temporary factors might have dragged down Australiaâs economy but there are warning signs the challenges it faces are more entrenched. Economic growth figures, released by the Australian Bureau of Statistics on Wednesday, paint a gloomy...[Read More]
Super backlash âdoesnât augur well for tax reformâ
5 June
Super backlash âdoesnât augur well for tax reformâ The uproar over proposed changes to superannuation tax concessions does not bode well for the governmentâs chances of passing broader tax reform, Treasurer Jim Chalmers says. First...[Read More]
Preparing your tax return â Find out what a tax return is, what information youâll need to prepare it and when itâs due.
5 June
What is a tax return A tax return is a form you complete online, on paper or get a tax agent or our Tax Help program to help you with. Your tax return tells us: how much money (income) you earn if you are claiming any deductions. We use this...[Read More]
Weak business investment underlines productivity battle
5 June
Australiaâs dire productivity performance doesnât look like rebounding any time soon, with troubling implications for the Reserve Bankâs interest rate path. Data released on Thursday reinforced the challenge the nation faces to get...[Read More]
Holiday homes â Find out about deductions and tax implications if you own a holiday home.
4 June
Holiday home â not rented out If you own a holiday home and donât rent out the property, you donât include anything in your tax return until you sell it. When you sell the property, you will need to calculate your capital gain or loss. Keep...[Read More]
Insurance cost warning after disasters hit bottom line
4 June
The economic impacts of natural disasters will extend beyond the federal budget, environmental groups warn as households are told to brace for higher insurance premiums. Treasury figures show a loss of $2.2 billion from economic activity following...[Read More]
Tax reprieve for farmers as drought declared statewide
4 June
Farmers will be temporarily spared from paying a hiked emergency services levy as drought support is expanded statewide. An extra $37.7 million has been earmarked for drought relief in Victoria as paddocks and dams run dry following low autumn...[Read More]