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ASIC sues ANZ for overstating account balances and charging fees

ASIC sues ANZ for overstating account balances and charging fees

by Staff reporter | May 30, 2022 | News

The Australian Securities and Investment Commission alleges that between May 2016 and November 2018, around 165,750 ANZ customers were charged cash advance fees and interest for withdrawing or transferring money from their credit card accounts based on an incorrect...
NSW extends stamp duty exemptions for farmers

NSW extends stamp duty exemptions for farmers

by Shared from The Adviser | May 30, 2022 | News

Previously, NSW duties concessions allowed for family farm transfers to be exempt from stamp duty when the transfer of the primary product land was between family members. This aimed to support the retirement of older members of a family by passing the land on to a...
Work test changes open up TBC strategies for couples

Work test changes open up TBC strategies for couples

by Shared from SMSF Adviser | May 30, 2022 | News

Speaking at a recent event, HLB Mann Judd wealth management partner Michael Hutton said the removal of the work test for non-concessional contributions from July would open a huge raft of opportunities for SMSFs. Read more at SMSF Adviser
Senate numbers set to shape Labor tax policy

Senate numbers set to shape Labor tax policy

by Shared from accountantsdaily.com.au | May 30, 2022 | News

Although there are doubts over the final make-up of the 76-member Senate it is already clear the government will need support from the Greens or independents, said Mr Treatt, who is head of tax policy and advocacy at TI. Read more at Accountants Daily
Take advantage of the Government’s digitalisation incentives before EOFY23

Take advantage of the Government’s digitalisation incentives before EOFY23

by Lindsay Brown | May 30, 2022 | Blog

This is a huge win for SMBs as it will help fund their digital transformation for the future. And yet most business owners are unaware of the current digitalisation incentives, whether it applies to them or how they can benefit. As the tax incentive is only available...
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