Private Health Insurance Rebate Changes

Private Health Insurance Rebate Changes

From 1 July 2012, the Government introduced three new “Private Health Insurance Tiers”. Private Health fund members will no longer be guaranteed the minimum 30% rebate. In addition, the Medicare Levy Surcharge will also be progressively increased based on annual...
Private Health Insurance Rebate Changes

Time To Check That Odometer Reading!

With the end of the Fringe Benefits Tax (FBT) year rapidly approaching, the time has come to check the odometer readings for all vehicles held within associated entities. This odometer reading must be documented for each vehicle, as at 31 March 2014 (this Monday). The...
Private Health Insurance Rebate Changes

Car Fringe Benefits – Proposed Changes

The Federal Government has announced the proposed abolition of the fringe benefits tax statutory formula method for cars acquired, or car provision arrangements materially altered from 16 July 2013. The abolition of the statutory formula method will have a significant...