Federal Treasurer announces that starting July 1, 2025, the Australian Government will cover superannuation payments on paid parental leave, streamlining administration through the ATO. This move complements efforts to expand parental leave to a full six months by 2026, providing families with increased support and flexibility.
With international conference resuming, professionals can once again consider deducting expenses like accommodation and course fees for self-education. However, deductions are only applicable if the education enhances current skills or promises future income increases.
Several tax changes apply in the 2023/24 income year. There may be some advantages in acting on some of these items before 30 June.
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