What changed on 1 Jan 2019
Aspen Corporate • 22 April 2019
What changed on 1 Jan 2019
- Tampon tax (GST on sanitary products) scrapped
- Voluntary crackdown begins on credit card providers to protect consumers who cannot pay-off their credit card debt or who cannot afford an increased limit
- Higher Education Loan Program:
- New lifetime caps prevent students repeating courses or continually enrolling in new courses.
- New loan limits: Increase in fee assistance for students studying medicine, dentistry and veterinary science courses with increases in their loan limit from an estimated $130,552 in 2019 to a new limit of $150,000. $104,440 for all other students.
The Reserve Bank of Australia (RBA) held the cash rate steady at 3.85% in July.
Super guarantee rate now 12%: what it means for employers.
With the purchasing of luxury vehicles on the rise it’s important to be aware the features of the tax system that can impact on the real cost of purchase.
This tax season, we’ve seen a surge in questions about whether interest on a loan can be claimed as a tax deduction.
From 1 July 2025, ATO debt may cost you more. Two types of interest charges on Australian Taxation Office (ATO) debt will no longer be deductible.
Division 296 super tax is the Federal Government proposal to impose an extra 15% tax on total superannuation balance earnings over $3 million.
