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The 2014 federal budget deferred the proposed 2018 SG rate increases by 3 years, with the 9.5% rate remaining until 30 June 2021, and is set to have five annual increases, where the SG rate will increase to 12% by July 2025. However, there have been lobbying that suggests that the SG rate should remain at the current rate of 9.5% or make ...
The taxable income of a superannuation fund is taxed at a flat rate of 15%; however, concessional contributions of those members whose taxable income exceeds $300,000 are subject to a rate of 30%. In the 2016 federal budget, the government proposed to reduce, effective 1 July 2017, the threshold when the tax rate of 30% comes in to members ...
At the time the merger meant the combined entity was the third largest superannuation fund in Australia. [6] In 2016, First State Super acquired StatePlus for $1.1bn to boost its advice offering. The asset has since under-performed, losing nearly $400m and been affected by a fee-for-no-service scandal which prompted an ASIC referral. [7]
Employers, or a group of related businesses, whose total Australian wages exceed the current NSW monthly threshold, are required to pay NSW payroll tax. Each monthly payment or 'nil' remittance is due seven days after the end of each month or the next business day if the seventh day is a weekend (i.e. August payment is due by 7 September).
A capital gains tax (CGT) was introduced in Australia on 20 September 1985, one of a number of tax reforms by the Hawke/Keating government. The CGT applied only to assets acquired on or after that date, with gains (or losses) on assets owned on that date, called pre-CGT assets, not being subject to the CGT.
St Gregory's College Campbelltown (abbreviated as SGC or Greg's or St Greg's) is an independent Catholic single-sex and co-educational comprehensive and specialist primary and secondary day and boarding school, located in Gregory Hills, near Campbelltown, a south-western suburb of Sydney, New South Wales, Australia.
Current government funding expires at the end of the day Friday. The U.S. Capitol is seen at sunset on the eve of the first anniversary of the January 6, 2021 attack on the building, on Capitol ...
The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy.