Monthly Archives: May 2017

Medicare levy to increase from 2.0% to 2.5%

By |2017-05-14T04:22:21+11:00May 14th, 2017|Categories: Medicare|

The Medicare levy will be increased from 2.0% to 2.5% of taxable income from 1 July 2019. Low income earners will continue to receive relief from the Medicare levy through the low income thresholds for singles, families, seniors and pensioners. The current exemptions from the Medicare levy will also remain in place. Source: 2017/18 Federal Budget, [...]

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Victorian Budget 2017-18 announcements

By |2017-05-03T02:20:56+11:00May 3rd, 2017|Categories: Budget|

Land transfer duty (commonly known as stamp duty) to be abolished for first-home buyers purchasing a property up to $600,000, and a duty concession for first-home purchasesvalued between $601,000 and $750,000 Expected start date: Applies to contracts entered into from 1 July 2017 $20,000 FHOG to be available for homes built in regional Victoriaup to $750,000 [...]

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