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Helping enable electric car purchases: For purchases of battery, hydrogen, or plug-in hybrid cars with a retail price below $84,619 (the luxury car tax threshold for fuel efficient vehicles) after 1 July 2022, fringe benefits tax and import tariffs will not apply. Note: Employers will still need to account for the cost in an employee’s reportable fringe benefits.

Sharp share market falls are stressful for investors as no one likes to see their investments fall in value. Try as one may, it’s never easy to accurately predict economies and shares. So, at times like these it’s important to focus on basic investment principles.

Overview of the types of tax offsets and deductions you may be entitled to claim plus other handy tax tips.

Good news: Super contribution caps to rise