by HFB Group | May 13, 2021 | July '21 Update - For You
Date of effect 1 July 2020 The Government will provide a full income tax exemption for the pay and allowances of Australian Defence Force (ADF) personnel deployed to Operation Paladin. Operation Paladin is Australia’s contribution to the United Nations Truce...
by HFB Group | May 13, 2021 | July '21 Update - For You
The Government has committed an additional $500 million to extend the JobTrainer Fund by a further 163,000 places – and extend the program until 31 December 2022. JobTrainer is matched by state and territory governments and provides job seekers, school leavers...
by HFB Group | May 13, 2021 | July '21 Update - For You
Date of effect 1 July 2021 The Government will guarantee 10,000 single parents with dependants to enable them to access a home loan with a deposit as low as 2% under the Family Home Guarantee. Like the first home loan deposit scheme, the program will guarantee the...
by HFB Group | May 13, 2021 | July '21 Update - For You
Date of effect 1 July 2022 From 1 July 2022 the Government will: Increase childcare subsidies available to families with more than one child aged five and under in childcare, and Remove the $10,560 cap on the Child Care Subsidy. For those families with more than one...
by HFB Group | May 13, 2021 | July '21 Update - For You
$250 self-education expense reduction removed. Date of effect First income year after the date of Royal Assent of the enabling legislation Currently, individuals claiming a deduction for self-education expenses sometimes need to reduce the deductible amount by up to...
by HFB Group | May 13, 2021 | July '21 Update - For You
Date of effect 1 July 2020 The Government will increase the Medicare levy low-income thresholds for singles, families, and seniors and pensioners from 1 July 2020 to take account of recent movements in the CPI so that low-income taxpayers generally continue to be...
