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The era of low interest rates looks to be coming to a startling end with rates predicted to rise faster than previously thought. There is growing speculation that the 0.1% cash rate that has held now for some time will be closer to 1% within a year. You need to pay attention.
If you are in the market for buying a new property, or still haven’t had a chance to refinance and take advantage of the lowest interest rates we’ve seen in our lifetime, it's a good time now to act quickly. From November 2021 it is likely that the amount you can borrow right now will be significantly reduced with changes announced by the banking regulators yesterday.
It won't be long before we can stop talking about COVID-19 (won’t that be nice) but for now, with the Treasurer’s announcement that Commonwealth COVID-19 financial support will start to be withdrawn from 70% full vaccination and cease at 80%, that time is not now.
If your business currently receives payments under the NSW JobSaver or Micro-business Grant schemes, you will now need to reconfirm your eligibility each fortnight to continue receiving payments.
As the uncertainty of the global pandemic continues, a lot of businesses are struggling with questions around growth opportunities, the flexibility and adaptation of work structures, how to optimise performance and manage capital to ensure long-term sustainability.
Inside this month we look at the process of unwinding the pandemic for a return to "normal". And, the new law that enables the ATO to share superannuation information with the family court during divorce proceedings and the superannuation gender divide.
