ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...
READ MOREBudget opens way for deferred lifetime annuities
Annuities provider Challenger has thrown its support behind the government's commitment in the federal budget to remove tax impediments to products that provide pooled longevity risk, such as deferred lifetime annuities (DLAs).
The new rules will permit a range of options to suit retirees and superannuation funds, with DLAs able to be bought pre-retirement on retirement or post-retirement, with either a single or multiple premiums, Challenger said in a statement.
Read the full story at InvestorDaily.
EV tax cut will be made retrospective, says minister
Climate Change and Energy Minister, Chris Bowen, said when Parliament sits again at the end of July he is confident the...
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A record-breaking month for retail as inflationary pressures mount
Australian retail sales have set a new record for the third straight month with $34.2 billion spent in stores and...
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