News

Economists expect interest rate cut on May 7 2019 – more Interest Rate cuts likely

Numerous economists now feel at least one rate cut by the RBA next month and two this year.
An excerpt from the ABC News (April 25) stating that both the ANZ and CBA predict an interest rate cut by June. Based on the RBA thoughts on low inflation. potentially increasing unemployment  (based on job vacancies) and the overall reaction to Australian Dollar (which is a good a barometer of the … Read more »

ATO flag increased audits on Investment Property Taxation Returns – Mention of “Natural Disasters”

The Australian Taxation Office have issues a bulletin informing investment property owners that they will increase audits on investment property taxation returns.

The media release, which was updated on the ATO website on 17 April makes direct mention of the impact of Natural Disasters which is timely given the impact of the 2019 Townsville Floods in the last paragraph.

he media release is as follows :
Tax office to double audits of dodgy … Read more »