Key Discussion Points

May 2024

May 2024
Federal Budget Announcement Summary 2024

The Hon Dr Jim Chalmers MP, handed down a Budget that he described as a responsible Budget to help people battling cost of living pressures, address housing challenges, and prioritise responsible economic management set to produce a surplus and help fight inflation. Here are some key measures that may be of keen interest to you.

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Wealth Management - Advice, Client Service & Experience

The Tax Man’s Taken All My Dough: Singing The Land Tax Blues

George Harrison’s 1966 lament on the British Government’s progressive tax system no doubt strikes a chord with Australian property investors, the majority of whom are small-scale investors buying bricks-and-mortar as a means to increase their wealth and generate ongoing income, as along with potential for returns comes the responsibility of managing the various taxes associated with property ownership: income tax on rents, capital gains tax and land tax.

Wealth Management - Advice, Client Service & Experience
Wealth Management - Advice, Client Service & Experience
Wealth Management - Advice, Client Service & Experience

Corporate Actions & Updates

As part of keeping you up to date on the communications that we are discussing with clients, please click below for the most recent notes.

Qualitas Retail Entitlement Offer (QRI) - DO NOTHING

Wealth Management - Advice, Client Service & Experience

Recent Monthly Market Update

Click below to read our recent market update for April, released 19 May.

Wealth Management - Advice, Client Service & Experience
SMSF
SMSF

DIVISION 296: Criticism & SMSF Stressors Regarding the $3 million Super Tax

With the Bill set to be introduced to the Lower House this week, it looks as though Division 296 legislation is set to been acted by July 1 next year, despite concerns from Industry. The proposed “$3 million supertax” will impact less than 1% of Australians with a superannuation account in the 2025/26 financial year, but it remains controversial.

Accounting

RBA: How Australia’s SMEs can overcome hurdles to funding innovation

Australia’s economy is a testament to the resilience of small to medium enterprises (SMEs). SMEs, despite the hurdles, account for two-thirds of private sector employment and just under 60% of the nation’s company profits.

Accounting

A unique and personal service approach to support all your business advisory and personal wealth management needs.

wealth strategies
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