Archive for May, 2010

What is Child Care Benefit?
Child Care Benefit is a payment from the Australian Government that helps you with the cost of your child care.
Who can get Child Care Benefit?
You can get Child Care Benefit if you are a parent, foster parent or grandparent with a child in your care who is attending child care services [...]

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From January 2010, you may no longer receive your Family Tax Benefit on a fortnightly basis if you and/or your partner do not lodge your income tax return or advise the Family Assistance Office you are not required to do so within the required time frame.
Although you may remain eligible for Family Tax Benefit, the [...]

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It has been reported that up to 22000  people have signed up for the class action against Australia’s banks over $5 billion of penalty fees charged during the last six years.
With the bank fee legal action gathering steam, it is estimated businesses will have claims of up to $5000. But where do these businesses stand [...]

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Contractors are paid for the result they achieve rather than the time they work. Contractors do not normally have to work during hours set by an agreement or award and the employer does not provide them with the tools to do their work or direct their work.
If you are an employee, then your employer must [...]

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Employers must pay super contributions to a complying super fund for all eligible employees by the quarterly deadlines. These contributions are in addition to the employees’ salaries and wages, and must be calculated based on ordinary time earnings.
Employers also need to pay super contributions for contractors you pay under a contract for labour, because they [...]

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Some commentators are calling this budget “boring”. In many ways it is.

There are no surprises and unless you earn super profits from mining or you are a smoker, much of the taxation initiatives were broadly expected. So here are the 2010/11 budget tax changes:

1.  Tax cuts from 1 July 2010:

Increase [...]

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