Library

In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

Superannuation

Compulsory Director Identification Number

25 October 2021
Earlier this year, the government released a data standard for Director Identification Numbers, which follows on from the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020. The Treasury has now revealed the deadlines by which new and existing directors will need to apply for a director ID to avoid civil and criminal penalties.

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MGD Tax update | October 2021

20 October 2021
A summary of recent tax developments and information that we hope you find interesting and useful. This update contains a wide range of information, with a particular focus on COVID-19 financial support measures available to businesses, tax on COVID-19 financial support payments, 2020-21 tax changes for businesses, superannuation for individuals, and key upcoming tax dates.

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Predicting the Future

28 July 2021
By Richard Marsden
In this paper, Richard Marsden explores how financial modelling can add clarity to financial decision-making, assist in planning retirement, and improve the prospects of achieving a financially successful retirement.

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ALERT: Newly passed superannuation legislation

2 July 2021
By Brad Hoffman
On 17 June 2021, two long-awaited bills passed through the House of Representatives and the Senate. This includes the Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 and the Treasury Laws Amendment (More Flexible Superannuation) Bill 2020.

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EOFY superannuation tips

21 June 2021
Andrew Albury and Brad Hoffman discuss key considerations ahead of the end of the 2020/21 financial year including the bring forward of concessional contributions and the first indexation of the new limits put in place in 2017. If you’d like to discuss EOFY strategies specific to your own circumstances, please get in touch with your adviser.

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Budget superannuation wrap up

24 May 2021
Andrew Albury and Brad Hoffman discuss the key superannuation announcements made by the Federal Government on 11 May including repealing the work test, extending access to downsizer contributions, legacy product conversions, relaxing residency requirements for SMSFs, and the removal of the $450 minimum monthly wage exemption for Superannuation Guarantee.

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Federal Budget 2021 | Overview

12 May 2021
On 11 May 2021, the Government handed down the 2021/22 Federal Budget. Whilst this marked a return to the traditional timing of the budgetary processes, the content of the 2021/22 Budget continues to remind us that our economy and way of life has still not returned to full normality post the events of COVID-19. Here is an overview on the announcement.

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Federal Budget 2021 | Superannuation

12 May 2021
Federal Treasurer, Mr Josh Frydenberg, handed down the 2021/ 22 Federal Budget at 7:30 pm (AEST) on Tuesday, 11 May 2021. With the virus still a threat to the global and domestic economy, the Budget contains various measures to support businesses and individuals with job creation, incentives, tax relief and superannuation changes. The superannuation highlights are set out in this post.

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Death and divorce: be prepared

16 December 2020
By Michelle Dall'Alba
The two most stressful circumstances a person can experience are divorce and the death of a spouse, according to the Life Change Index Scale (The Stress Test). We don’t want to contemplate either; however, if we face the prospect of both, we can develop a plan to ensure our financial position is protected. These two experiences have their own unique challenges, however there are common financial considerations.

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Tired of paying rent? You could consider buying your business premises in an SMSF

11 December 2020
By Brad Hoffman
You run a successful business, you are already contributing the maximum deductible amount into your superannuation, and each year, you pay a significant amount of rent for your business premises to your landlord. Wouldn’t it be nice if you could buy your own business premises and pay that rent to yourself?

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Federal Budget 2020 | Overview

7 October 2020
Federal Treasurer, Mr Josh Frydenberg, handed down the 2020/ 21 Federal Budget at 7:30 pm (AEDT) on Tuesday, 6 October 2020. Australia’s economic response to the COVID-19 pandemic in the form of the original and extended JobKeeper scheme, the cash flow boosts, and the enhanced JobSeeker payment has come at a significant cost, Mr Frydenberg said, resulting in a budget deficit of $213.7b, falling to $66.9b by 2023/ 24. Here is an overview on the announcement.

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Federal Budget 2020 | Superannuation

7 October 2020
Federal Treasurer, Mr Josh Frydenberg, handed down the 2020/ 21 Federal Budget at 7:30 pm (AEDT) on Tuesday, 6 October 2020. Australia’s economic response to the COVID-19 pandemic in the form of the original and extended JobKeeper scheme, the cash flow boosts, and the enhanced JobSeeker payment has come at a significant cost, Mr Frydenberg said, resulting in a budget deficit of $213.7b, falling to $66.9b by 2023/ 24. The superannuation highlights are set in this post.

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How to construct a portfolio to withstand market volatility and a pandemic

3 September 2020
By Rachel Barlow
No one could have foreseen COVID-19 and its impact on the share market – indeed, it has been a “black swan event”, an “unknown unknown”. However, events like these have happened before; they’ll happen again. In this article, Rachel shares her expertise in constructing a portfolio that is designed to withstand market volatility and black swan events, like the current global pandemic.

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End of financial year planning during COVID-19

8 June 2020
As we approach 30 June, end of financial year planning has become more important than ever. We understand that due to the pandemic, your cash flow and retirement savings may have been severely impacted, your business’s turnover may have decreased substantially, or your regular PAYG instalments (prepaid tax) may have varied. In this paper, we have shared some strategies you may wish to consider.

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SMSF direct property rent relief measures

28 April 2020
By Brad Hoffman
The unfolding health, economic and financial crises triggered by Coronavirus (COVID-19) has resulted in increased levels of unemployment and widespread income reduction, a phenomenon which has prompted many tenants to seek assistance from landlords.

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Economic response to the coronavirus

3 April 2020
The Australian Government has begun rolling out a considerable fiscal stimulus package in an effort to support and assist those individuals and businesses that have been negatively impacted by the unfolding Coronavirus (COVID-19) crises. We have collated the key measures announced and will continue to update this as further announcements are made.

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Is your SMSF investment strategy up to date?

1 October 2019
By Andrew Albury
The ATO has recently issued notices to close to 18,000 SMSFs flagged as holding 90% or more of their money in just one asset class. The move comes as the ATO renews its focus on SMSF investment strategy requirements, specifically diversification and liquidity risks.

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