Elizabeth offers tax advisory services to a range of clients including those in the information, communications and entertainment industries, manufacturing and industrial markets, mining industry and funds management sector. Over the life of her career Elizabeth has solved complex tax issues, with her main focus always on gaining the best results for her clients. Elizabeth […]
Greg has provided advisory services to privately-owned businesses, not-for-profit organisations, investors and family groups for more than 18 years. He specialises in providing advice on corporate governance, finance function improvements, obtaining grants and government support, strategic planning and structuring, due diligence engagements and accounting and tax compliance. Throughout his years of service Greg has developed […]
Andrew joined Pitcher Partners in 2020 following 13 years with Deloitte. The opportunity to grow professionally alongside established clients whilst actively building new business relationships drew Andrew to Pitcher Partners. He became a partner of the Brisbane firm in 2021. As a trusted advisor, Andrew works proactively with organisations to ensure their compliance obligations are […]
The Federal Budget 2021-22 was built against the backdrop of an ongoing global pandemic and the faster than expected economic recovery to date. The resilience and resurgence of much of Australia’s economy has been supported by a range
of temporary Government initiatives designed to help businesses and individuals navigate the unprecedented upheaval in the Australian and global economies.
The Government announced a range of expenditure measures to stimulate growth in key sectors, while also addressing priority policy areas, including the country’s digital capabilities and funding to support women.
The Government will maintain changes to reduce personal income tax. This measure is designed to continue to stimulate the economy by increasing the disposable income available to individuals.
The Government has provided further support for capital investment by businesses and assistance with cash flows by extending the “temporary full expensing” measure as well as the loss carry-back offset for an additional income year. Important changes to the minimum threshold for the superannuation guarantee charge (SGC) have also been announced.
The Government has committed to the introduction of the Corporate Collective Investment Vehicles regime (CCIVs) regime, with a revised start date. There has also been a number of minor technical changes announced to the Taxation of Financial Arrangement (TOFA) rules relating to portfolio hedging and foreign currency.
The Government has announced a significant change to Australia’s individual tax residency rules, as well as some other cross-border proposals of note.
Superannuation changes announced in the Budget are beneficial in nature and mainly target increasing flexibility and contribution opportunities for individuals over age 60.
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