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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Cost of living relief coming, just not a big budget cash splash

Australians can expect some fresh cost of living relief in May when the federal budget is unveiled, but Treasurer Jim Chalmers has ruled out a big cash splash.

Business conditions improve in February

February saw an uptick in business conditions as the economy showed signs of sustained resilience at the start of the new year, NAB reported in its latest monthly business survey. Despite this, confidence and forward orders remain lagging.

Roy Morgan Business Confidence increased rapidly in February, up 8.3pts to 101.5 – the first positive result above 100 for over a year

In February 2024, Roy Morgan Business Confidence was 101.5 (up 8.3pts since January 2024). This was the third consecutive monthly increase in Business Confidence – and the first time the index has recorded a positive result above 100 for over a year since January 2023 (106.4).

Proof Australia is actually in a recession

Superannuation squeeze: the staggering amount you now need for retirement

The amount Aussies need to retire and fund their golden years has hit a new record high, as insurance, food and electricity costs weigh on retiree budgets.

Business leaders say rates, inflation could stay higher for longer

Market heavyweights say interest rates may stay higher for longer amid structural economic changes and a higher long-term inflation rate, as the global economy adjusts to a new normal.

Superannuation funds have quietly started paying retirement ‘bonuses’

Super funds are paying out millions of dollars in retirement “bonuses”. But what are they, and does your fund offer one?

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.

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Posted by Strategic Wealth Management 28 May 2024

Proactive superannuation planning: what you need to be aware of before June 30

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Business Update – 28 February 2024

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Posted by Strategic Wealth Management 24 Jan 2024

Land Tax Changes

Land tax: Changes to the principal place of residence exemption From 1 February 2024, persons who purchase and occupy a property but own less than 25% interest (either solely or …

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Posted by Strategic Wealth Management 16 Jan 2024

Business Update – 17 January 2024

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Posted by Strategic Wealth Management 11 Dec 2023

Managing work-life balance as a small business owner

As a small business owner, it can be incredibly difficult to maintain a healthy work-life balance. The obligations and responsibilities of running your own business often take priority over any …

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Posted by Strategic Wealth Management 10 Dec 2023

Business Update – 11 December 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Jim Chalmers welcomes OECD prediction RBA has reached interest …

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Posted by Strategic Wealth Management 04 Dec 2023

Make life easier with AI

AI (Artificial intelligence) has been both a huge disrupter and enabler for businesses of all shapes and sizes. (AI) is no longer just a pipe dream of science-fiction. It has …

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Posted by Strategic Wealth Management 30 Nov 2023

Business Update – 30 November 2023

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Posted by Strategic Wealth Management 07 Nov 2023

Multifactor Authentication (MFA) email Scam

We’re seeing an increase in reports about an email scam impersonating the ATO. Scammers are emailing clients advising them that due to ATO security updates, they are required to update …

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Contact Us

Our office is located in Hurstville. Parking is available under our building. We are a short 750m walk from Hurstville train station.

Postal address: PO Box 497 Hurstville BC, NSW 1481