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Updates important to you and current trends in the market

In this issue of the newsletter, we explore a wide range of updates and news in the financial sector that may impact you.

  1. Income Protection Insurance Premium Increases

  2. Investment Options and Platforms

  3. Single Touch Payroll

  4. Property Market Update

  5. NSW Payroll tax update

  6. New Super Concessional and Non Concessional Contribution caps

Income Protection Insurance Premium Increases

The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation, and is accountable to the Australian Parliament.

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Investment Options and Platforms

Is there a better place to invest?

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Single Touch Payroll

From 1 July 2021, closely held payees will need to be reported through STP. You have the option to report this information on a quarterly basis.

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Property Market Update

The Perfect Storm Driving the Sydney Property Market

By Tal Eloss (Director 1Group property Advisory)

Historically low-interest rates, high disposable incomes, more money in the bank, surging consumer confidence and the fear of missing out.

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NSW Payroll tax update

We have engaged a payroll tax consultant to communicate with NSW Revenue to assess their current position regarding the “Optical Super Store Case”.

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New Super Concessional and Non Concessional Contribution caps

Following the release of the Average Weekly Ordinary Times Earnings figure on 25 February 2021, super caps have been lifted. This is very exciting news because this is the first uplift since the current rules were introduced on 1 July 2017.

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