Main residence for part of ownership period Only a partial main residence exemption is available for a dwelling if it was the taxpayer’s main residence for only part of the ownership period. Generally, the full exemption is proportionately reduced by reference to the period for which the dwelling was not the taxpayer’s main residence (non-main… [Read More]
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Protecting Yourself from Cyber Criminals
Being vigilant against cyber threats is not just about protecting oneself from financial loss, although that remains a significant concern. It’s about safeguarding our identities, our personal information, and even our ways of life. The reality is that data breaches are not uncommon, and there are many other methods cyber criminals use to steal personal… [Read More]
Are You Getting Your Energy Rebate?
You’d be aware of the dramatic increase in energy prices over the last 12-18 months. The Federal and State governments have introduced the ‘Energy Bill Relief Fund’, which is a partnership between the Federal and State governments with up to 3 billion in funding to deliver relief directly to electricity bills. Generally speaking, it’s for people… [Read More]
Budget 2022 – What’s in it for you?
Broadly, the Budget is pre-empting a bad economy in the lead up to the next proper budget. GDP has shrunk by a 1/4% to 3.25% this FY, and will fall to 1.5% in 2023/24. On top of this, wage growth is estimated at 2.6%, while inflation is expected to rise to 7.75% in the December… [Read More]
Protecting Yourself from Cyber Criminals
The recent data breach from Optus has put the security of personal information at the forefront of everyone’s mind. While anyone who has been a customer of Optus is rightly concerned, the reality is that data breaches are not uncommon, and there are many other methods cyber criminals use to steal personal information for their… [Read More]
June Quarter Update – The Recession we need to have?
This year we have seen inflation at 50-year highs, unemployment at 50-year lows, soaring oil/petrol prices like the 1970s ‘oil shocks’, sudden interest rate hikes, big price falls in share markets, losses on so-called ‘risk-free’ government bonds, the collapse of crypto markets, ‘one in 100-year’ floods every few months in Australia, heatwaves in Europe, new… [Read More]