@PaulBongiorno We need to think about policy here of what the govt is trying to achieve. There are 3 cohorts:1 - citizens and tax residents 2- Citizens and not tax residents 3 - Non citizens (PR) and tax residents.
@TaxPawspective Johnson also said you can sell at anytime and buy back the next day. Ummm wash sale?????? Would have liked the camera on the Second Commissioners during his session.
Models depend on underlying assumptions - assumptions are poor or illogical or using old data - then they are as helpful as a random number generator. #Auspol#SenateEstimates#Budget
@JasonClareMP Do you need to have your tax returns up to date? HECS debt is trued up with lodgement. 2024 tax returns should have been lodged. Non compliance with the tax laws will result in higher HECS debt balances on 1 June. Will the legislation cover this loophole?