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Do you have a link to this? everything I find says it doesn't come into effect until July 26
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Or longer for those who only have to pay quarterly
You are right that it is not in effect yet. I was being loose with my English because I did not write down the exact dates, but knowing it will be in effect soon. I was of the thought it would commence on 1st July as the super guarantee increases to 11.5% after 30 June 2024.

Edit: Found it. 1 July 2026

Note regards taxing unrealised gains in super. There is no claw-back of the tax paid if it turns out you did not make the amount you paid tax on after all.
Proposed start date for this is 1 July 2025.
 
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The theory of paying super at the same time as wages is good but in practice it will not work very well. Business income is lumpy and can’t always be offset ate same time.
The outcome will be more business going into liquidation and much higher prices to the consumer.
All this is great In theory.
Everyone will say, if business's can’t afford to pay super each week then close down. This is exactly what will happen.
 
Everyone will say, if business's can’t afford to pay super each week then close down. This is exactly what will happen.
I'm relatively conservative, but these days superannuation should be treated and paid as part of the payroll. It has been around long enough.
 
I'm relatively conservative, but these days superannuation should be treated and paid as part of the payroll. It has been around long enough.
Agree but a lot of small business owners are not very business minded unfortunately when it comes to budgeting or running their business. There is a good reason most small businesses fail in the first few years. This super changes will just accelerate failure.
 
Agree but a lot of small business owners are not very business minded unfortunately when it comes to budgeting or running their business. There is a good reason most small businesses fail in the first few years. This super changes will just accelerate failure.
Badly managed businesses will almost always fail anyway, if they can’t actually afford to pay their bills then delaying payments is just delaying/extending the pain. Accelerating the failure is in my view possibly not such a bad thing for a business that’s probably going to fail anyway!
 
The failure rate of businesses has been increasing quite sharply as cash flow gets crimped by their customers paying too slowly.Forecasts are expecting a jump in unemployment and wages running at around 3% this next year.
In PERth we have noticed that younger folks have slowed down their spending as they struggle with high mortgage payments.
Now I read the recent article by Propel Funeral which is PFP who are expecting a surge in business as the first post war baby boomers are now 78 years old. This company is in an acquisition phase and now has about 9% of the Australian funeral market.
 
Received a call today regarding voting for the MMA offshore scheme implementation deed. Have lodged a complaint with ACMA as my number is on the do not call list. Not the first time I've been contacted about this sort of thing and quite inappropriate for these businesses to think they can contact you regarding voting without your permission, especially as the first question they asked me was to confirm my HIN number!
 
We took up the Cyclopharrm and Generation Development offers. We have had each stock for years.
The pricing of the bank hybrids have made them less attractive to buy after going ex dividend.
 
We took up the Cyclopharrm and Generation Development offers. We have had each stock for years.
The pricing of the bank hybrids have made them less attractive to buy after going ex dividend.
Ditto Cyclopharm
Its a wonderful innovation and great that the US gave FDA approval
 
Not every medical stock succeeds for us. Impedimed has been a disappointment. BOT may be getting closer to a bit of success but it takes years.
We moved out of a term deposit and put the funds into the market this week. In the US interest rates are easing a bit. Inflation and high tax rates in Australia are major problems.
 
I'm on SHL and TLS today.
Sold the SHL today (1 month after purchase) for about an 11% gain in that time.

Also sold long time held WBC, for end of financial year purposes.

I'd like to get on to GYG, but not until the price settles a bit.

Bought AVH and BHYB.
 
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Sold the SHL today (1 month after purchase) for about an 11% gain in that time.

I'd like to get on to GYG, but not until the price settles a bit.
Yes, Steve Marks had a good day in the market yesterday! I only found about the IPO days before 😔
 
It wasn't a general public float. But I would have bought in at the $22 issue price had I been offered the opportunity.
Ah, that’s probably why I didn’t see anything much prior. I almost put an order in but it would have been left behind jumping $8!

Just for laughs, I’ve been compiling a play portfolio of US tech stocks. I got distracted and forgot to put in order immediately after the NVidia stock split…😔
 
TRR which is a royalties trust is now subject to a takeover.
Took up Generation Development offer.
AUB has an offer that we like. All insurance businesses have been able to get price increases so they are mostly going great.
With the interest rate cuts delayed we parked some funds in bank hybrids.
Have heaps of BOT shares that just received an FDA approval for a sweat reduction solution.
 

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