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Super Guarantee Rises to 10.5%

Who is entitled for the 10.5% increase? The increase to the superannuation guarantee (SG) rate from 1 July 2022 will see more employees (and certain contractors) entitled to additional SG contributions on their pay. But what happens when income earned before 30 June is paid after 30 June 2022 – will employees be entitled to …

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The Tax Office To Treat Bitcoins Like Barter Transactions

Bitcoin use and tax implications The Tax Office (ATO) recently delivered guidance on the taxation treatment of bitcoin. Under the guidance paper and rulings, bitcoin transactions are treated like barter transactions with similar taxation consequences. Bitcoin use by individuals Generally, there will be no income tax or GST implications for individuals if they are not in business …

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