Category: Economy and Policy

The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The review, expected to impact 350,000 taxpayers, reaches from the 2015-16 to 2019-20 financial years, revealing assets that previously may not have been disclosed or underreporting of income. “If a taxpayer is reporting aRead More »

Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore the impact.

It’s great to see that there are some strong pockets of economic growth around Australia. One of the primary growth spots is our very own Gold Coast – showing a host of positive signs that the economy is in a state that bodes well for business now and in the future. New property developments goingRead More »