Category Archives: Superannuation

Increasing compulsory superannuation to 12 per cent – Bill introduced

The Superannuation Guarantee (Administration) Amendment Bill 2011 has been introduced in the House of Representatives. It proposes to increase the age at which the superannuation guarantee (SG) no longer needs to be provided to an employee from 70 years to … Continue reading

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Bill introduced: instant asset write-off, simplified depreciation, and superannuation

The Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011 has been introduced in the House of Representatives. It includes the following amendments: increase the small business instant asset write-off threshold from $1000 to $6500, and consolidate the … Continue reading

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Relief for Self Managed Superannuation Fund Auditors

Approximately 11,500 self managed superannuation fund (SMSF) auditors will benefit from proposed changes to the period in which auditors must provide their audit report to SMSF trustees. The Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, recently … Continue reading

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