Monthly Archives: July 2013

Superannuation for employees increase to 9.25% from 1 July 2013

The minimum rate for superannuation guarantee contributions increases from 9% to 9.25%. The rate will continue to increase steadily until it reaches 12% from 1 July 2019 onwards.

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FBT and cars – Driving you crazy

In mid-July, the Government sparked a frenzy when it announced plans to remove the statutory formula method for salary sacrificed and employer provided vehicles. The announcement has meant that most businesses, and as it turns out Governments, have postponed entering … Continue reading

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Increased Concessional Super Contributions and Tax Bills passed

Last week saw a number of Bills pass through the Senate in a last ditch effort, in what was Parliament’s last sitting before the federal election. One of the Bills that was passed and now awaits royal assent, is the … Continue reading

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