Changes to Your Superannuation Fund Deed by 30 June 2017
From 1 July 2017, pensions need to be supported by no more than $1.6 million of assets and tax changes would encourage almost all transition to retirement pensions to cease. The measure will require accurate commutation documents prepared prior to the event...Read more
Australia First? A Summary of the 457 Visa Changes
On 18 April 2017, Prime Minister Malcolm Turnbull announced the staged abolition of the Subclass 457 visa under the rhetoric of "Australia first". The changes came with very little warning. Some have said that the changes are cosmetic and will have little i...Read more
Update on RSMS Applications in Western Australia
Last month, I suggested in a post that there was a possibility that the window for lodging a Subclass 187 RSMS visa may be closing shortly for nominations by Perth employers. I had written this in response to reports that Mark McGowan, if elected Premier, wou...Read more
PIC 4020: Are You Responsible for Your Migration Agent’s Mistake?
Public Interest Criterion 4020 (“PIC 4020”) acts as a strong disincentive to visa applicants thinking of providing misleading information or bogus documents in relation to a visa application. The provisions are unforgiving and the consequences of failing...Read more
Could Perth’s RSMS Window Be Closing?
Last month, the current State opposition leader, Mark McGowan, announced that if elected, he would remove Perth from its regional classification for the purposes of the Subclass 187 Regional Sponsored Migration Scheme (“RSMS”) visa. In fact, The West Au...Read more
Key Superannuation Changes for July 2017: Estate Planning
The new rules will require pension accounts to be no more than $1.6 million per person on the commencement of the pension or 1 July 2017 for existing pensions. The Government chose to give no concession whatsoever for the situation of a person who receives ...Read more