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Quick answer: Having an ABN doesn’t automatically mean you miss out on super. If you do gig or freelance work for a client and the job is mainly for your time and personal effort, that client may legally owe you super on top of your pay — even though you invoice them with an ABN. If you work for yourself as a sole trader, no one owes you super, but you can pay your own…
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Quick answer: The Reserve Bank posted an $11.3 billion loss for 2025-26 — its second-largest ever — driven by an $8.5 billion paper loss on the government bonds it bought during COVID. The bank is not broke and can still do its job, and the loss does not directly change your mortgage or savings rate. But it means no RBA dividend for the federal budget for years, and all eyes are now on the 3…
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If you’re running a growing business, the admin around your people — leave requests, pay runs, onboarding paperwork, keeping up with awards and compliance — can quietly eat up your week. Employment Hero is a cloud-based HR and payroll platform built in Australia to take that load off. This guide explains in plain language what it does, how much it costs, and whether it’s the right fit for your business. The short answer Employment Hero…
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If your family or business runs through a discretionary trust, there’s a big change coming. Treasurer Jim Chalmers has introduced legislation for a 30 per cent minimum tax on discretionary trusts, starting 1 July 2028. The official consultation materials are published on Treasury’s website. Here’s the short version: the bill has been introduced in Parliament but is not law yet. If it passes, trustees of affected discretionary trusts will pay at least 30% tax on…
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Quick answer: Great Southern Bank is one of the country’s largest customer-owned banks — owned by its customers, not shareholders — and was known as CUA (Credit Union Australia) until June 2021. It offers everyday accounts, savings, home loans, personal loans and credit cards, with branches mainly on the east coast plus online and app banking. You can log in through online banking or the mobile app, and reach them on 133 282. For current…