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Linking Business & Government

As it is traditionally the case, many new federal laws come into effect on the first day of a new year. There are a number of changes on the Commonwealth books on January 1 this year that might be of interest:

Passports more expensive: It’s a good cash cow for the Department of Foreign Affairs and Trade; a five-year passport up $3 to $142, and a 10-year one by $5 to $282.

Foreign cars: To coincide with the end of local car manufacturing in Australia, the $12,000 special duty on imported used vehicles gets axed.

Against welfare fraud: Single parent payments recipients now face greater scrutiny in verifying their relationship status to make sure they are entitled to the payments.

Gonski 2.0: Schools start shifting to the new funding model, with a six-year transition for currently underfunded schools and a 10-year transition for over-funded schools.

HECS cap: In order to keep in check the mushrooming student debt owed to the Commonwealth under HECS and other student loan schemes, a lifetime limit will be capped at $104,444 for most students and $150,000 for medicine, dentistry and veterinary science students.

Housing unaffordability: New homeowners can no longer claim a tax deduction for the cost of inspecting and maintaining rental properties.


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(07) 3036 5259

Australian Strategic Advisory

At ASA, we will help you to be heard through all the political noise to make an impact on those you are trying to reach and persuade.

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  (07) 3036 5259

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