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Is now the time to change to self insurance?

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If there was ever a time that showed arrangements to make money that didn’t have the client’s best interest at heart, look awfully embarrassing once a slight bit of scrutiny has been cast upon them, then it is clearly now. Dress it up, call it by another name, but it…

Federal Court Calls for Further Orders Related to SMSF Scheme

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Recent fraudulent practices from the SMSF scheme My Wealth Manager Financial Services have led the Federal Court to issue further orders to company leaders Mubashir Mohammed, Mahek Mustafa, and Mustafa Mohammed, who apparently have all have left the country, despite previous orders demanding that they stay in Australia. The court…

Tasmania Shows Promising Growth Amidst Australia’s Stagnant Economy

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Australia’s economic slowdown is evident throughout the 2018-19 financial year’s gross state product statistics. Yet amidst Australia’s stagnant economy, three regions stand out in their ability to weather the storm. According to the report, Tasmania, the Australian Capital Territory, and Victoria are the states/territories with the most encouraging economic growth.…

Data Reveals Widespread Cybercrime in Australia

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According to Australia’s online security watchdog, the country’s Cyber Security Centre receives reports of cybercrime every 10 minutes. Since July 2019, Australians have filed more than 13,500 reports of cybercrime to the Australian Cyber Security Centre (ACSC), the rough equivalent of one report every ten minutes. The number may actually…

ATO Warns Australians of Yet Another Tax Return Scam

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The vast majority of Australians were required to lodge their tax returns by October 31st, but complicating factors surrounding this process were highlighted when the Australian Taxation Office (ATO) released a statement warning people of impersonators fishing for personal and financial details. While Australian citizens were burdened with minor technical…