The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%. This approach was predicted by many commentators as the Reserve Bank assesses the impact of the lower Australian dollar, falling fuel prices, a volatile share market and a slowing housing market. The lower Australian dollar and resultant increase in […]
TAXATION AND TEMPORARY RESIDENCY INFORMATION IN AUSTRALIA. Are you a temporary resident of Australia? From 1 July 2006, you will not have to pay tax on most of your foreign income if you: are an individual who is an Australian resident for tax purposes; and you satisfy the requirements of being a temporary resident. Who […]
On 1 January 2017, the assets test used to determine entitlement to income support benefits, including the age pension, will change. The questions are, will this impact you? And would or should you do anything? Presently, a single homeowner can have assets of $783,500 and a couple can have $1,163,000, before they lose their pension […]
The Board of the Reserve Bank have decided to leave the official interest rate unchanged for the month of October 2015. The official cash rate remains at the historical low of 2%. The next meeting to review interest rates is scheduled for November 3 2015.