CCA Financial Planners

Super Update New Super Thresholds

SuperannuationBy Christopher Cachia 18.06.09 Leave a comment

Each year a number of superannuation thresholds are changed to reflect movements in full-time Average Weekly Ordinary Time Earnings (AWOTE). A previous Super Update advised updated thresholds that are based on movements in December quarter AWOTE. However, the 2009 Federal Budget announced changes to superannuation contribution caps. This Super Update updates these superannuation contribution caps…

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Employees who haven't provided a TFN

UncategorizedBy Christopher Cachia 18.06.09 Leave a comment

We are fast approaching the end of another financial year and whilst supplying a Tax Fine Number (TFN) is not mandatory, changes introduced with effect from 1 July 2007 mean that there are implications for employers who have not provided us with their employees’ TFNs. What are an employer’s obligations? When an employee completes a…

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Oliver's Insights – Myths and mistakes investors often make

Finance, Oliver's InsightsBy Christopher Cachia 03.06.09 Leave a comment

Given the complexity of investment markets and investing along with the massive amount of information available to investors many people rely on logic based on ‘common sense’ or simple ‘rules of thumb’ in making investment decisions. However, while some such rules of thumb are reasonable, in many cases they are not and can result in…

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Oliver's Insights – The Australia dollar, US dollar and commodity prices

UncategorizedBy Christopher Cachia 27.05.09 Leave a comment

This note looks at the resurgence in the Australian dollar, which has now recovered almost half of its global financial crisis driven slump. The key points are as follows: – The rebound in the $A reflect a combination of renewed $US weakness, stronger commodity prices and the relative strength of the Australian economy. – Notwithstanding…

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Superannuation Guarantee Ruling (SGR 2009/2) : Meaning of ordinary time earnings (OTE) & salary and wages

UncategorizedBy Christopher Cachia 27.05.09 Leave a comment

The ATO have recently issued a final ruling (SGR 2008/2) that updates their interpretation of both ordinary time earnings (OTE) and salary and wages for Superannuation Guarantee (SG) purposes. This ruling comes into effect for payments made to employees in the quarter beginning on 1 July 2009 and all later quarters. It replaces previous rulings…

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Government Contributions

SuperannuationBy Christopher Cachia 27.05.09 Leave a comment

Make a personal after-tax contribution of up to $1,000 to your super account and the Government could add up to $1,500, depending on your income. Read More

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