Financial Planning

Arabon Accountants superannuation balances above $3m

Draft legislation released for 15% on earnings for superannuation balances over $3m

Treasury has released draft legislation to enact the Federal Government’s plan to increase the tax rate on earnings on superannuation balances over $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step closer to implementation.  The draft legislation seems to be […]

Draft legislation released for 15% on earnings for superannuation balances over $3m Read More »

Arabon Accountants tax planning

Top Tips to get you through the End of Financial Year

As the end of the financial year (EOFY) approaches, it is important for businesses to prepare themselves accordingly. This is the time when businesses must reconcile their accounts, file their tax returns and make necessary adjustments to their financial strategies. Proper preparation can help businesses maximise their returns and avoid costly mistakes. Here are some

Top Tips to get you through the End of Financial Year Read More »

Arabon Accountants Best Interests Duty

What is the Best Interests Duty for mortgage brokers?

The best interests duty for mortgage brokers is a statutory obligation for mortgage brokers to act in the best interests of consumers (best interests duty), and to prioritise consumers’ interest when providing credit assistance (conflict priority rule). These two obligations are collectively referred to as the Best Interests Duty. Based on the Royal Commission’s recommendations,

What is the Best Interests Duty for mortgage brokers? Read More »