Super funds have an important role to play in maintaining the integrity of the superannuation system by ensuring benefits are not released where the member has not met a condition of release. This includes where a member has requested a rollover to a self-managed super fund...
Researchers are a step closer to solving one of the great mysteries of the human brain and identifying what causes the obsessive-compulsive disorder. The discovery could be a vital clue to develop targeted and effective treatments for a debilitating condition that affects thousands of Australians. Scientists from...
As an employer, you previously needed to pay fringe benefits tax (FBT) on electric cars provided to your employees. From 1 July 2022, you no longer need to pay FBT on benefits provided for eligible electric cars and associated expenses. Getting the green light You will now be exempt...
The local share market has finished little changed as strong economic data and further hawkish rhetoric from Federal Reserve officials undercut hopes for a pause in US interest rate hikes. The benchmark S&P/ASX200 index on Wednesday finished up just 5.3 points, or 0.07 per cent, at...
Back in the 1960s, owning a home was synonymous with being wealthy because of the prevailing socio-economic context, including high homeownership rates, early marriage and family formation, shorter life expectancy, and memories of the Great Depression. However, the concept of wealth has evolved significantly since...
Issuing loans or lending money comes with certain risks. This is why the majority of lenders require that borrowers provide a guarantor for their loan. If the borrower is unable to repay the debt on their own, a guarantor promises to do so in their stead....