Newsletter – July 2025

Inside this month:

• Div 296 Super Tax and Practical Things To Consider: Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings. We look at the impact if the legislation is passed
• Important Tax Update: Deductions For ATO Interest Charges Scrapped: If you’re carrying an Australian Taxation Office debt there is a good chance that it will cost you even more from 1 July 2025
• FinFluencers: Bad Tax Advice Could Cost You: Financial influencers or ‘finfluencers’ are advising you from social media, however, taking advice from unqualified sources can have serious consequences.
• The One Big Beautiful Bill That May Not Be So Beautiful For Aussies: The new U.S. tax bill called the One Big Beautiful Bill could mean a hit for Australian Investors, especially super funds and small businesses with US exposure. 

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