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A ‘standard’ deduction? No such thing, ATO warns ahead of tax time

A ‘standard’ deduction? No such thing, ATO warns ahead of tax time

by Shared by The Sydney Morning Herald | Jun 12, 2018 | News

Assistant commissioner Kath Anderson spoke to Fairfax Media in the lead-up to the end of the financial year about the misconceptions and mistakes the Australian Taxation Office is trying to bust to stop taxpayers overclaiming.Read the full article at the Sydney...
The case for destroying default super in order to save it

The case for destroying default super in order to save it

by Shared by The Sydney Morning Herald | Jun 7, 2018 | News

The commission wants to unpick the link between super funds and jobs, meaning everyone would need only one fund for life that they could choose from a dropdown menu of the top 10 (or pick another fund if they want to, or set up their own).Read the full article at the...
‘The rug pulled out from under you’: How CBA dissected Bankwest’s business loans

‘The rug pulled out from under you’: How CBA dissected Bankwest’s business loans

by Shared by The Sydney Morning Herald | May 30, 2018 | News

“It takes its toll,” he said. “To see all the work that you have done in that period, to just have the rug pulled out from under you”. Mr Stanford and his brother had bought the pub for $1.6 million but in the end it was sold for $525,000 when...
Fears royal commission could backfire for small business

Fears royal commission could backfire for small business

by Shared by The Sydney Morning Herald | May 28, 2018 | News

They are concerned one of the unintended consequences of the royal commission may be to make it more difficult for small businesses to access finance from banks.Read the full article at the Sydney Morning Herald.
CBA’s superannuation sting is ’out-and-out gouge’ says minister

CBA’s superannuation sting is ’out-and-out gouge’ says minister

by Shared by The Sydney Morning Herald | May 24, 2018 | News

The bank this month wrote to members of its flagship superannuation fund Colonial First State, informing them they’ll be charged a “regulatory reform fee” in June 2018.Read the full article at the Sydney Morning Herald.
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