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Under the proposed measures by APRA, there are going to be more changes to Income Protection Insurance effective July 2021 where some existing ancillary benefits will no longer be available through an Income Protection policy.
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Accelerated depreciation to 31 December 2020 for new and used assets
The government has extended the Instant Asset Write Off until 31 December 2020. The threshold amount for each asset is $150,000. The asset could be a car used for business travel, computers, medical equipment, office equipment or furniture.
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The Government announced it is extending the JobKeeper Payments from 28 September 2020 to 28 March 2021.
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We have received interest from our clients on the status of the current property market. We have requested Michael Salvartsis (a Sydney property buyers agent) who has assisted our clients secure property purchases, to provide his assessment.
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There are a number of schemes and incentives to assist first home buyers in purchasing property. In order to be considered a first home buyer, the purchaser or their spouse (including de facto partner) must never have owned property in Australia.
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