A new Emergency Services and Volunteers Fund Levy will replace the Fire Services Property Levy, with higher rates set to impact property owners. The current Fire Services Property Levy The Fire Services Property Levy (“FSPL”) is an annual levy paid by Victorian property owners to fund the services provided by Fire Rescue Victoria and the […]
In December 2024, the Victorian government announced changes to the congestion levy which are intended to come into effect from 1 January 2026. These changes were announced during the 2024-25 Budget Update and therefore strictly speaking, are not a new revenue initiative from the 2025–26 Budget. What are the changes? The congestion levy is an […]
The temporary expansion of the off-the-plan duty concession, initially designed to cease from 21 October 2025, is to extend for another 12 months. What is changing? The off-the-plan duty concession was expanded last year for property contracts entered into between 21 October 2024 and 20 October 2025. The expansion was originally designed to last for 12 months, and […]
View the Victorian State Budget 2026-27 analysis here In her first term as Victorian Treasurer, Jaclyn Symes has handed down a Budget which provides targeted cost of living relief, but fails to address the increasing costs of doing business in Victoria or provide any relief from the significant tax burden that is now borne by […]
This is the first edition of the Pitcher Partners Motor Industry Services – US Listed Dealer Comparison, where we provide insight into the performance of the six largest publicly traded dealership groups in the US and explore how key industry trends, shifting economic conditions, and recent geopolitical events have influenced their results in the 12 […]
Key points Your family philanthropy strategy starts with getting all family members on the same page Research and choose the right causes together, to ensure your goals are aligned Deciding on the appropriate philanthropic structure is complex but crucial for effective giving. Building a wealth management plan is complex – the cornerstone of any plan […]
This article was updated on 20 May, 2025. As we await the outcome of the ATO’s application for special leave to appeal to the High Court in Bendel, some taxpayers may have taken the position of putting their unpaid present entitlements (“UPEs”) on complying loan terms without explicitly converting them to a loan. An article […]
Key points Review your business structure and tax planning strategies before 30 June to maximise deductions and minimise liabilities. Consider bringing forward expenses and deferring income to manage taxable income effectively. Ensure superannuation contributions and trust resolutions are completed on time to meet compliance requirements. As the end of the 2025 financial year approaches, it’s […]
Key points ATO interest charges (GIC and SIC) won’t be tax-deductible from 1 July 2025. Charges assessed before that date may still be deductible. Businesses should act early to avoid non-deductible interest. Starting 1 July 2025, significant changes will be implemented regarding the deductibility of the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) […]
As Australia’s aged care system evolves to meet the growing needs of our ageing population, significant reforms to aged care fees are set to take effect from 1 July. These changes aim to improve the financial sustainability of the sector, with over 40% of aged care providers currently operating at a loss. For families supporting loved ones […]
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