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Financial Planning in Insurance
Insurance is one of the strongest pillars of wealth protection in Australia's financial planning sector. It protects people and families from unplanned financial blows which will knock off even the best-laid plans. Financial advisers are instrumental in ensuring that clients are not only well-covere ...
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ATO’s New Crypto Valuation
The Australian Taxation Office (ATO) has quietly but significantly changed its approach to how cryptocurrencies should be valued within Self-Managed Super Funds (SMSFs). This shift, recently highlighted by one of the Magazine, marks a move away from prescriptive guidance toward a more principles-bas ...
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The New Age Act Australia
The Australia aged care system 2025 is about to undergo its biggest reform in decades. From 1 November 2025, the Aged Care Act 2024 will come into effect, introducing n ...
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Investor Expectation
Australia’s Financial Planning Sector Is EvolvingAustralia's financial planning sector is undergoing a revolution. It's not just about regulatory shifts and digital disruption but more about making sense of new investor behavior and keeping pace with cha ...
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New updates regarding the new financial year EOFY
As the Australian financial planning landscape continues to evolve, professional standards and regulatory oversight are at the heart of reform efforts aimed at restoring trust, improving adviser quality, and ensuring consumer protection. With a shrinking adviser population and shifting compliance ex ...
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SuperannuationTax agents banned for misuse of SMSF auditor numbersThe TPB has issued a release in relation to two tax agents whose registrations were terminated for allegedly preparing and lodging SMSF annual returns and falsely claiming audits had been completed.The cases were refer ...
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Taxability of Bitcoins
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ATO’s view of Bitcoin  The ATO view is that Bitcoin is neither money nor a foreign currency.  Transactions through Bitcoins are more likely a barter arrangement with the same tax consequences.  However, Bitcoin is an asset for CGT purposes.   Bitcoin for Personal Transactions < ...
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2021-22 Mid-Year Economic & Fiscal Outlook (MYEFO)Cash deficit of $99.20 Billion is expected, which is equivalent to 4.50% of GDP. This is in fact an improvement of $7.40 Billion from the previous budget.Tax receipts as a share of GDP are expected to fall from 22.90% in 2020-21 to 22.10% ...
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Legal firms provide legal advice and representation and prepare legal documents. Solicitors, Barristers, and legal aid offices typically offer these services. Alternative dispute resolution, conveyancing, and intellectual property services are also included in the industry.Legal work is to be done t ...
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The Research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset for eligible R&D activities.About the ProgramThe incentive has two core components. Entities engaged in R&D may be eligible for:a 43.5% refund ...
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