Newsletter
Federal Budget Newsletter
PERSONAL TAXATION
Personal tax rates: budget deficit levy not to be extended
The 2015–2016 Budget did not make any changes to the current personal tax rates, although in the lead-up to the...
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SMALL BUSINESS
Tax rate cut to 28.5%
The Government announced, with effect from the 2015–2016 income year (ie from 1 July 2015), a 1.5% cut in the...
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GST
“Netflix tax” to start 1 July 2017
The Government has announced that it will impose GST on offshore intangible supplies to Australian consumers with...
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CHILD CARE, PENSION AND WELFARE MEASURES
Major childcare payments revamp
The Government announced it will establish a new and simpler mainstream Child Care Subsidy from 1 July 2017...
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SUPERANNUATION
Defined benefit super schemes: Government to close loophole
The Government confirmed that a 10% cap will apply to the “deductible amount” for pension income received from a...
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