International Graduates   The Australian Department of Home Affairs has implemented changes to the Migration Regulations. The updated rule extends the allowable post-study stay period for certain international students graduating from Australian higher education institutions. From 1 July 2023, post-study work rights for international graduates will be increased from:Read More

Many business clients like to review their tax position before the end of the income year and evaluate any strategies that may be available to legitimately reduce their tax.  Traditionally, year-end tax planning for profitable small businesses is based around accelerating deductions and deferring income.  Small Business Entities (‘SBEs’) – i.e., those with an aggregated…Read More

Tax saving strategies prior to 1 July 2023 A strategy often used to reduce taxable income (and, in turn, tax payable) in an income year is to bring forward any expected or planned deductible expenditure from a later income year.  However, any individuals with potentially reduced income for the 2023 tax season may want to…Read More

2023/24 Budget Update   On 9 May 2023, Treasurer Jim Chalmers handed down the 2023/24 Federal Budget. Some of the measures announced by the Government (including some which were actually announced prior to the Budget), include: from 1 July 2026, employers will be required to pay their employees’ superannuation at the same time as their…Read More

NZ Citizens – Australian Citizenship   The Australian Citizenship (Permanent Resident) Amendment Determination 2023 – LIN 23/024 does not automatically grant permanent residency to NZ citizen Special Category Visa (SCV) holders.Read More

On 9 May 2023, the Australian Government handed down its first full Budget since it was elected in 2022. In relation to the immigration, the Government announced the following changes.Read More

The Federal Treasurer, Dr Jim Chalmers, handed down the 2023–24 Federal Budget at 7:30 pm (AEST) on 9 May 2023. The following is a summary of the key tax reforms.Read More

Last chance to claim deductions under temporary full expensing   Deductions under ‘temporary full expensing’ are only available in the 2021, 2022 and 2023 income years, and are expected to come to an end on 30 June 2023.Read More

Tasmania   Extra Subclass 190 places Tasmanian Skilled Migration has announced that 150 additional SC 190 places will be made available by the Department of Home Affairs to meet the unexpectedly high demand in that state.Read More

New 15% super tax to apply from 1 July 2025   The Government recently announced it will be imposing a 15% additional tax on individuals that have more than $3 million in superannuation.  The new measure is expected to commence from 1 July 2025 (i.e., the start of the 2026 income year).Read More