Government’s Stimulus Package in response to the Coronavirus
David Briese • March 26, 2020
There is a myriad of information coming in thick and fast from Australian Government, Qld Government and banks in relation support and incentives that are available. Our team has sourced the details from NTAA, Government and other sources to bring you this summary of what you can access. (Please note this is changing rapidly – so this is correct as at 8am 26/03/20). Please contact us if you need help navigating this information.
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As the federal government moves to introduce a new 15% tax on superannuation earnings above $3 million (known as Division 296 tax), concerns and debates have emerged about the broader implications for investment strategies, retirement planning, and even the property market.
The super changes coming into effect in the 2025-26 financial year. Australian superannuation laws are set to change once again in the 2025-26 financial year as the nation’s fast-growing retirement savings system continues to evolve. Below is a summary of the changes that will come into effect from 1 July, 2025, as well as looming legislative changes.