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Newly introduced: Vacant Residential Property Tax (VRPT)
The third and final part of this series discusses the Vacant Residential Property Tax (VRPT), a new proposal by the Victorian government to address lack of rental supply. Specific details are still under consideration [...]
Changes to Stamp Duty
The issue of rising housing prices has been a growing concern for economists and policy makers, as first home buyers are increasingly being pushed out of the market. This article will discuss planned changes [...]
Changes to the First Home Owner Grant
The issue of rising housing prices has been a growing concern for economists and policy makers, as first home buyers are increasingly being pushed out of the market. This article will discuss planned changes [...]
Changes in the Backpacker Tax
Following an eighteen-month political tussle, the Income Tax Rates Amendment (Working Holiday Maker Reform) Bill 2016 was passed in early December last year, with settlement being reached on what is more widely known as [...]
2015 Income Tax Return Deadline
The 2015 Tax Return Deadline is 31 October 2015 Failure to lodge on time penalty is calculated at the rate of one penalty unit for each period of 28 days or part thereof [...]
Increase of National Minimum Wage
Happy New Financial Year! Fair Work Commission has increased the national minimum wage to $17.29 per hour or $656.90 per 38 hour week (before tax).