Federal Budget Newsletter
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...
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...
“Netflix tax” to start 1 July 2017
The Government has announced that it will impose GST on offshore intangible supplies to Australian consumers with...
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...
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...