•       For 2012–2013 and later income years, the dependent spouse tax offset will only be available to those born on or   before 1 July 1952.

•       The Government has announced that it will remove the 50% CGT discount for foreign residents on capital gains accrued after 7.30pm (AEST) on 8 May 2012. However, the CGT discount will remain available for capital gains that accrued prior to this time where foreign residents choose to obtain a market valuation of assets as at 8 May 2012.