Proposed Tax Changes on Superannuation Balances Above $3 Million

Following the recent election win by the Federal Labor Government, we’d like to update you on a proposed change to superannuation legislation that may affect larger self-managed super fund’s (SMSF’s) very soon. The Federal Government is likely to implement legislation introducing a new tax, which proposes an additional 15% tax on superannuation growth where an…

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2021-22 Federal Budget

On the 11th May 2021, Josh Frydenberg handed down his third Federal Budget.  There were no real surprises due to the government releasing details throughout the week prior to budget night. This is a budget designed to support Australia’s economic recovery which is in a rebuilding phase due to the significant increase in government debt…

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Federal Budget 2018

The Federal Treasurer handed down the 2018/2019 Budget on the 8th May 2018, clearly with an eye on the next Federal Election, due to be held within the next 12 months. Whilst the announcements clearly give an indication of the Government’s fiscal intentions, it still needs to deal with a hostile Senate and the public…

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