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Certified Practising Accountant |
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Liability limited by a scheme approved under Professional Standards Legislation.
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What’s New in 2011 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | If you want to see earlier news items please use the following links: 2012 2010 2009 2008 2007 2006 2005 Note: News items include proposed legislative changes which generally take effect at a later date. Fact Sheet: Superannuation — Concessional Contributions Caps The government has announced that it will extend indefinitely the $50,000 superannuation concessional cap for those aged 50 or over. This was going to reduce to $25,000 from 1 July 2012. However, the $50,000 cap will only be available to those with superannuation account balances less than $500,000. To view the above mentioned statement click here Flood Fact Sheet: Support for Small Business This fact sheet contains information on support that is available for small businesses affected by the recent floods. To view the above mentioned statement click here QRAA is a statutory authority of the Queensland Government established under the Rural and Regional Adjustment Act 1994 (the Act), reporting to the Minister for Primary Industries and Fisheries and Rural and Regional Queensland. QRAA's role is to provide specialist financial administrative services on behalf of the Commonwealth, State and Territory governments throughout Australia in accordance with the Act. Click here to find out about what funding is are available. Minimum Pension Factors The current 25% reduction in minimum pension factors will be retained for the 2012/2013 financial year. Concessional Contribution Cap The standard concessional contributions cap of $25,000 is generally indexed to average weekly ordinary time earnings (AWOTE) and is increased in increments of $5,000. There will be no increase for the year 2013/2014. Low Income Superannuation Contribution (LISC) From 1 July 2012, the 15% contributions tax for employees earning up to $37,000 pa will be refunded into their superannuation accounts if the payment is more than $20 and the employee receives at least 10% of their income from employment or a business. Superannuation Guarantee The age limit of 70 for superannuation guarantee contributions will be abolished from 1 July 2013.If you would like further information regarding these new measures please contact Rose Cotter at Cotter Accountancy. |
Principal - Rose Cotter
Click here to find out what's new in news for you, your business or your superannuation fund.
Tax Lodgement and Payment Dates Click here to find out what are the important dates. |
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Copyright 2006-2011. This website is maintained and updated by Cotter Accountancy P/L. If you have any enquiries or questions about this website contact the webmaster. |
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