Australia
Federal Budget 2024 | Key policies at a glance

By on 19/07/21 - Mins to read: 4 minutes

1. Cost of living measures Securing cheaper medicines The Government will provide up to an additional $3b for community pharmacy and cheaper medicine under the Eighth Community Pharmacy Agreement. As part of the funding provided, there will be a one-year freeze on the maximum Pharmaceuticals Benefits Scheme (PBS) patient...
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Navigating Australia’s new thin capitalisation rules: a guide for multinational corporations

By Nicholas Mirarchi on 19/07/21 - Mins to read: 4 minutes

Australia has introduced significant changes to its thin capitalisation rules this year. These changes aim to prevent multinational corporations from excessively leveraging debt to reduce taxable income through interest and other debt deduction claims. These rules, which will apply to income years beginning on or after 1 July 2023, mean...
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Tax planning strategies for small businesses

By Jennifer Rees on 19/07/21 - Mins to read: 4 minutes

While the end of the financial year is fast approaching, there is still time for business owners to be proactive with their tax planning. This can help to maximise returns and reduce liabilities. Importance of tax planning for small businesses Proactive tax planning provides small business owners with a range...
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Strategies to help SMEs unlock talent potential

By Scott Harrington on 19/07/21 - Mins to read: 4 minutes

If you’re the owner of a small or medium-sized business (SME), you’ll be well aware of the many challenges your business faces, particularly ones that impede growth and talent acquisition. When it comes to acquiring and managing talent, small-and-medium enterprises must overcome a unique set of challenges. Unlike larger corporations,...
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Superannuation Contribution Caps set to increase from 1 July 2024

By Charis Liew on 19/07/21 - Mins to read: 4 minutes

The Australian superannuation regime is about to change once again, with contributions caps set to rise from 1 July 2024. While this adjustment may appear straightforward, understanding its interaction with the General Transfer Balance Cap, total superannuation balance and its implications for retirement planning is crucial. The current framework for...
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