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Election 2016

Election 2016 Election 2016 On 8 May 2016, the Governor-General accepted the Prime Minister’s advice to dissolve both houses of Parliament, and call an election for both Houses (a double dissolution) on 2 July 2016. As a result, all Bills before Parliament have now lapsed, and will need to be reintroduced after the election (assuming […]

Government scraps anti-detriment payments

Government scraps anti-detriment payments SMSF practitioners may need to reassess any anti-detriment payment strategies in place for clients with the government looking to remove the tax refund as part of its tax reform plans, says the SMSF Association. Speaking to SMSF Adviser, federal member for Deakin Michael Sukkar said he was calling for the anti-detriment […]

Economic Statement 2013

Economic Statement 2013  Today, the Treasurer, Chris Bowen MP, and the Minister for Finance and Deregulation, Senator Penny Wong, released the Government's Economic Statement, detailing the short and medium‑term economic outlook facing Australia, the challenges ahead, and the path to budget surplus in 2016-17. The Economic Statement shows that despite significant downgrades to tax revenue [...]