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

Have you made payments to non-residents?

If you make interest, dividend or royalty payments to non-residents, you may need to pay and report withholding tax.

Lendlease abandoning offshore markets to recycle $4.5b into Australian opportunities

Development and construction giant Lendlease Group has taken a major step to scale back and simplify its business with plans including an exit from international development activities. The move, which is aimed at “right sizing” the group’s cost base, will lead to Lendlease recycling $4.5 billion in capital by completing transactions either announced or under way and the acceleration of capital to be released from offshore projects and assets.

NAB May economic insights

The May Editions of NAB Economics Forward View has compiled the latest insights into the economic climate, including inflation, interest rates and employment. Australia’s growth remains modest as the higher cost of living weighs on consumers.

Australian lenders failing to assist struggling customers

The application process for financial hardship assistance is too hard, and many people who receive it simply go back into arrears immediately afterwards, a study by the Australian Securities and Investments Commission (ASIC) has found.

Qantas slashes route creating a $12b problem for Australia

Half the number of Chinese travellers are coming to Australia than before the pandemic. The stark figures are a major concern for the tourism industry, given Chinese visitors injected more than $12 billion into the Australian economy in 2019.

Warning one in 13 hospitality businesses could fail

A chilling warning has been issued that one in 13 hospitality businesses across Australia are facing going bust as the industry grapples with the crippling cost of living crisis. New data has revealed that the hospitality industry is most vulnerable to current economic conditions as consumers disposable income dries up and its hit by huge prices increases.

Housing and tax reform are needed to improve economic prospects of young people

Leading economist Ross Garnaut says broader reforms are needed to improve the economic prospects of young people and prevent generational inequality from worsening.

Your 30 June superannuation checklist

Five easy ways to get more into your super fund before the end of the financial year. With the end of the current financial year fast approaching, time is running out if you’re planning to boost your superannuation balance before 30 June.

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

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

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Posted by Strategic Wealth Management 16 May 2024

Unpacking the 2024 Federal Budget: What you need to know

When Treasurer Jim Chalmers handed down the 2024-25 Federal Budget on 14 May 2024, it was clear that the government had a diverse range of objectives. From offering tax cuts …

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Posted by Strategic Wealth Management 27 Feb 2024

Business Update – 28 February 2024

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. Employer audits to surge, ATO warns The ATO has warned …

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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

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. High chance’ of RBA achieving its goals in 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

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. How much Aussies plan to spend on Christmas presents …

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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