Posted by Dean McKinnon
on 9 February 2024
In an effort to increase protection from scams the ATO recently announced they would be removing hyperlinks from text messages they send to taxpayers
Often criminals will send text messages that appear to be from the ATO and include a hyperlink with instructions for the recipient to click on the link
The hyperlink may even open up a website that appears to be legitimate but it is in fact a fake and designed to illicit information about the user which can then be used to steal th...
Posted by Dean McKinnon
on 31 January 2024
The federal government has introduced a law into the parliament that would provide assistance to eligible persons to buy a home
It's not law yet so exact details can't be confirmed
It's likely there will be an eligibility criteria but what that will be has not been confirmed
The government proposes to contribute 30% of the purchase price for existing homes and 40% for new homes
The buyer will likely need to have 2% cash savings to contribute to the purchase
There will likel...
Posted by Dean McKinnon
on 25 January 2024
Just because your business is the purchaser of goods or services does not necessarily mean it does not have legal rights as a 'consumer'
The Australian Consumer Laws protect small business purchases of goods or services if any one of the following conditions are met
the cost of the product or service is under $100,000
the product or service commonly bought for personal, domestic or household use
it is a vehicle or trailer eligible to be used on public roads
The follow...
Posted by Dean McKinnon
on 19 January 2024
How much superannuation savings you need for a 'comfortable retirement' depends on how much you want to spend, but if you're not sure the Association of Superannuation Funds of Australia ('AFSA') produce regular reports that provide basic data regarding retirement expenditure.
AFSA also provide an indication of how much super savings you'll need to meet the expenses of a 'comfortable retirement'.
A 'comfortable retirement' is subjective and it is...
Posted by Dean McKinnon
on 18 January 2024
Received a Gift Card for Christmas? You should know your legal rights under Australia Consumer Law ('ACL'):
Gift Card must be valid for for 3 years from date of purchase (some exemptions to this rule)
Replacement Card or refund must be given if the card doesn't work or can't be activated
Gift Card can't be offered by supplier in lieu of replacing faulty goods
Supplier can't charge fees associated with the Gift Card (e.g., card activation fee)
You can read the A...