The 2020 Federal Budget – The Winners & Losers

The Federal Treasurer, the Hon. Josh Frydenberg MP, delivered the 2020 Federal Budget on 6 October 2020. As widely anticipated, the announcement included bringing forward personal income tax cuts already legislated. Together, these changes deliver tax relief to low- and middle-income earners for the 2020-21 income year of up to $2,745 for individuals and up…

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SMSF

SMSF’s in 2020 … What a year!

For the 600,000 or so SMSF’s in Australia, 2020 has thrown up some serious challenges.  Just as we had put the franking credit debate to rest, along came the coronavirus and a near 40% plunge in the markets, with dividends being slashed. At the same time, cash and term deposit rates are next to nothing…

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New Financial Year New Opportunities

New Financial Year – New Opportunities

With June 30 nearly upon us, it is important to start thinking about the new financial year ahead and making the most of the opportunities available to us over the next 12 months.  Making small changes to your plan will allow you to be in a better position in the future and take advantage of…

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HomeBuilder Grant Criteria

Making the HomeBuilder grant work for you

Today’s announcement by the Federal Government is great news for people looking to take advantage of the “HomeBuilder Scheme”. The scheme, aimed at stimulating the building industry and offering eligible Australians $25,000 to build a new home or renovate their homes, was announced this week. You can find out more by downloading the Government’s HomeBuilder…

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Home Loan Options

Home Loan Options During the Coronavirus Pandemic

Worried about making your home loan repayments? With the current changes, uncertainty, job losses and drops in revenue for many small businesses, there are many people worried about how they will make their mortgage repayments and other key payments over the next few months (or longer?). Here are our tips to manage your mortgage repayments…

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CORONAVIRUS SME GUARANTEE SCHEME

The Government, Reserve Bank of Australia and the Australian Prudential Regulation Authority have taken coordinated action to support the flow of credit in the Australian economy, in particular for small and medium enterprises (SMEs). Timely access to credit is vital to help SMEs get through the impact of the Coronavirus.   CORONAVIRUS SME GUARANTEE SCHEME…

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How the major banks are supporting Australians during the coronavirus pandemic

The major banks have outlined how they are supporting those affected by the coronavirus pandemic and its economic impacts, including mortgage repayment relief and interest rate reductions. On Thursday (19 March), the Reserve Bank of Australia (RBA), the federal government and the Australian Prudential Regulation Authority (APRA) announced a raft of new measures to support the domestic economy…

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Stimulus relief package and what this could mean for you

A number of measures have been announced to support Australians and the economy in response to the Coronavirus. We have put together some information to summarise the key measures and to assist you in understanding the help that could be available to you.   When will these announced measures be implemented?   The Government wishes…

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Special – So what do we do now?

I hope you are all keeping healthy and positive during these very extraordinary times. Easier said than done, but try not to listen to all the media reports and the hype around the current economic climate. I acknowledge it is concerning and that we have reached levels we did not in any way, shape or…

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