by Team Garnet | Mar 10, 2023 | ATO, Small Business, Tax News
A Taxpayer Alert has been issued warning taxpayers to avoid arrangements where private company profits are accessed tax-free through the use of an interposed holding company. The ATO has recently issued this Taxpayer Alert warning, that it is reviewing arrangements...
by Team Garnet | Feb 17, 2023 | Money, Superannuation
APRA has announced its policy and supervision priorities for the coming year with a heavy focus on superannuation. APRA (Australian Prudential Regulation Authority) has recently released its policy and supervision priorities for 2023. For the superannuation space,...
by Team Garnet | Dec 8, 2022 | Superannuation
In a recent address, the Assistant Treasurer and Minister for Financial Services, Stephen Jones, outlined the changes the government will be pursuing in terms of superannuation in the future. From its beginnings in 1992, superannuation collectively has become a...
by Team Garnet | Sep 30, 2022 | Investments, Money, Superannuation, Tax News
To encourage downsizing, a new Bill has been introduced to extend the existing assets test exemption under social security and change the rate of deeming of proceeds of sale. In a bid to support pensioners and in conjunction with the announcement to reduce the...
by Team Garnet | Sep 8, 2022 | Superannuation
ASIC’s recent surveillance of superannuation trustees found some significant issues with complaints handling. The Australian Securities and Investments Commission (ASIC) is the body responsible for overseeing the operation of Australia’s financial services dispute...
