Interest Rates Update April 2022

The Reserve Bank of Australia (RBA) has kept the official cash rate at the historically low level of 0.1 percent in their April meeting, despite rising concerns of soaring cost of living for ordinary Australians.

Interest Rates Update March 2022

After months of saying that the cash rate would likely remain at its current record low throughout the year, RBA Governor Philip Lowe said that it was “plausible” the central bank could hike interest rates in 2022.

Nine Advisory Small Business Tax Update March 2022

Late last month, the Australian Taxation Office (ATO) released a package of new guidance material that directly targets how trusts distribute income. Many family groups will pay higher taxes (now and potentially retrospectively) as a result of the ATO’s more aggressive approach.