Laws responding to the recommendations from the aged care royal commission have become the first to pass federal parliament under the new Labor government. The legislation amends the aged care subsidy funding model and introduces new reporting and transparency requirements. It responds to 17 recommendations of the...
A newly discovered 401-metre cave measuring the equivalent of three Sydney Harbour Bridges has set a record as the deepest in Australia. An elite team of cavers from the Southern Tasmanian Caverneers discovered the cave – which has been named Delta Variant – on Saturday, after...
There are positive signs for Australia’s vehicle industry with sales in July rising marginally despite continued supply constraints. The Federal Chamber of Automotive Industries says 84,461 vehicles were sold last month, a rise of 0.4 per cent on the same month last year. But that left demand...
Did you ever hire a bookkeeper to help you keep track of your expenses and tax obligations? If not, find out why now may be the best time to do so. 4 Reasons to Hire a Bookkeeper Bookkeeping is an essential component of any organisation. To focus...
Australia has recorded its worst inflation outcome since the introduction of the GST, potentially locking in an interest rate rise by the central bank next month. The headline consumer price index rose 1.8 per cent in the June quarter, when the price of a supermarket iceberg...
Are you looking to build up your savings for the future but don’t know how or where to start? Check out these money-saving tips you can apply today. Top 10 Brilliant Money-Saving Tips Whether you’re looking to save money for financial security, investment, a future purchase or...
Did you know you need to meet certain criteria to be able to access your superannuation benefits? Read on to learn all about the conditions of release. Superannuation Benefits – When and How to Access Them Superannuation in Australia is designed to supplement the retirement income of...
Westpac plans to offer refinancers a simpler digital mortgage process where some customers could gain unconditional approval in as little as 10 minutes. The digital mortgage process will be rolled out in the final quarter of this year for select customers refinancing to Westpac’s Flexi First...
You may provide your employees with benefits you do not usually provide because of COVID-19. This includes paying for items that allow your employees to work from home. Fringe benefits tax (FBT) may apply if you provide benefits in addition to salary and wages. However, exemptions and...
Victoria has dethroned Tasmania as Australia’s best-performing state or territory, with its economy leading the nation for the first time since April 2020. CommSec’s quarterly State of the States report, now in its 13th year, compares annual growth rates across eight key indicators to gauge each...