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Showing 1 - 10 of 12 results for "Department of Human Services"

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... commenced the review in 2019 and consulted with stakeholders including Department of Social Services, Department of Human Services and the Attorney-General's Department. Formal and legally enforceable family agreements were identified as a measure ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while the higher ...

Board of Taxation reviews granny flat taxes

ELIZABETH MCARTHUR  |  MONDAY, 1 APR 2019
... consulted with stakeholders from within the Government including the Department of Social Services, Department of Human Services and the Attorney-General's Department. Consultations will continue throughout April as the board hears from legal aid lawyers ...

Advisers must tread carefully on PLS

JAMIE WILLIAMSON  |  THURSDAY, 14 JUN 2018
... outstanding loan balance attracts a 5.25% interest rate which compounds fortnightly, charged by the Department of Human Services. The scheme was expanded as part of the Federal Budget earlier this year, allowing all those eligible for the Age Pension ...

ATO to advance early release of super: O'Dwyer

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
... hardship and compassionate grounds, as well as victims of crime compensation. Early this year the Department of Human Services revealed that more than $290 million was released under compassionate grounds in 2016-17, up from $184 million in 2014-15. ...

Australians raid super to pay for medical expenses

EMMA RAPAPORT  |  WEDNESDAY, 10 JAN 2018
... superannuation accounts to pay for medical expenses including gastric banding and IVF. Figures from the Department of Human Services reveal that in 2016-17, more than $290 million was rereleased from the superannuation system under compassionate grounds ...

Early release super approvals increasing

DARREN SNYDER  |  THURSDAY, 11 JUN 2015
... were given approval in the first 10 months of the 2014-15 financial year, according to data from the Department of Human Services. As of April more than 16,000 early release applications had been received this financial year. Medical treatment and transport ...

APRA announces draft 2014-15 supervisory levies

ALEX DUNNIN  |  TUESDAY, 27 MAY 2014
... Investment Commission (ASIC) activities, $7 million for Tax Office activities and $5 million for Department of Human Services activities which look after early release of superannuation benefit applications. As a result of these funding requirements ...

Higher pension age to drive increase in early super releases

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2014
... entitlements. Early release of superannuation before the preservation age has been handled by the Department of Human Services since 2011. According to their own figures, only 18,000 people last financial year applied for early release of whom 63% were ...

ATO takes over SME super clearing house

MARK SMITH  |  WEDNESDAY, 2 APR 2014
The Australian Taxation Office (ATO) has taken over responsibility from the Department of Human Services for the Small Business Superannuation Clearing House. This move is part of the government's commitment to streamline processes and it believes the ...
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