Tue, 7th May 2024

In this episode, Paige Estritori from Financial Services Online covers important Australian financial updates. The ASFA is engaging the government to discuss potential family law modifications that could significantly change superannuation splits between divorcing couples, urging for at least a 12-month transition period. The Australian Tax Office (ATO) is intensifying scrutiny on home office and rental property claims, emphasizing the importance of accurate record-keeping. Australia's superannuation heavyweight, the Australian Retirement Trust, withdraws from thermal coal investments, highlighting the industry's shift towards sustainable energy. The Australian government also plans to reduce student loans by $3 billion, hinting at an average savings of $1,200 per loan holder. This move is indicative of a commitment to making education more affordable.