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Tag: Federal Government

Budget: Headline Items for Personal Returns

Many spending initiatives go to support for low-income individuals and families.  “Decent” and “encouraging” were two verdicts from the tax industry on the 2022 budget, with measures to address cost-of-living pressures high on the list. Big-ticket items were left untouched: stage 3 personal tax cuts remain scheduled to start in 2024-25 and the superannuation guarantee…
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URGENT: Federal Government Offers Grants, as ‘Flooding Disaster’ Escalates

The federal government has announced financial support is available for flood-impacted victims, as major flooding continues in South-East Queensland and the NSW North Coast. Prime Minister Scott Morrison said Queenslanders impacted by the unfolding “flooding disaster” can apply for up to $1,000 per eligible adult and $400 per eligible child, as part of the government’s Disaster…
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Low and Middle-Income Tax Offset could be Extended

Prime Minister Scott Morrison has hinted that the popular tax-saving measure may return in 2022. The federal government has teased the possibility of extending its popular tax offset ahead of the next election. In a recent interview with The Herald Sun, Prime Minister Scott Morrison played coy when asked whether the current federal government would consider…
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Further super reforms to ‘safeguard’ Australians’ retirement: Frydenberg, Hume

Treasurer Josh Frydenberg and financial services minister Jane Hume have encouraged citizens to get behind super reform changes that have come into effect this month, citing them as the “most significant in nearly 30 years”. In a joint release, the Treasurer and financial services minister confirmed that from 1 November 2021 Australians will see their superannuation…
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