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Financial Planning

Arabon Accountants superannuation balances above $3m

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

Leave a Comment / Financial Planning, Superannuation / By

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 …

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Arabon Accountants tax planning

Top Tips to get you through the End of Financial Year

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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 …

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Arabon Accountants Best Interests Duty

What is the Best Interests Duty for mortgage brokers?

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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, …

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Arabon Accountants acknowledges the Australian Aboriginal and Torres Strait Islander peoples as the first inhabitants of the nation and the traditional custodians of the lands we all enjoy. We pay our respects to ancestors and Elders past, present and emerging. We value and honour Australian Aboriginal and Torres Strait Islander peoples’ unique cultural and spiritual relationships to the land, waters and seas and their rich contribution to society. Arabon Accountants acknowledges the traditional owners of the land upon which our business is built, the Yuggera and Turrbal People.