The recent credit card reforms came into force on the 1st July 2012 and are designed to better protect consumers from upward spiraling credit card debt. Those unsolicited invitations to increase our limit may be a thing of the past thanks to the reforms.  Some of the new arrangements only apply to new credit card contracts but others apply to both new and existing contracts. 

The Superannuation Guarantee (SG) legislation requires employers to pay a minimum of 9% of its employees' ordinary time earnings as super (up to $45,750 per quarter) which in turn can be claimed as a tax deduction.  SG contributions must be paid for employees who are at work or on leave, such as paid sick leave, long service leave, annual leave and workers’ compensation (in some circumstances).  Under the legislation, SG contributions do not need to be paid for employees who are:

Short selling is the selling of a security that the investor/trader does not own.  If you own a stock you are said to be ‘long’.    

First Home Saver Accounts (FHSAs) are an under-utilised savings scheme to help first home owners. 

We are happy to announce that we now offer Self-Managed Superannuation Fund (SMSF) administration services (financial statements, tax returns, requisite statutory documentation, etc).  Please note that this service is available regardless of whether we provide you with financial planning services and advice.