Find out about the latest changes and visit our website for more information.
Foreign Investment fund: deemed rate of return
The deemed rate of return for taxing interests in foreign investment funds is 8.15% for the 2022-2023 year. This is up from the previous year’s rate of 6.01%.
Paid parental leave
From 1 July 2023, eligible employees and self-employed people will see an increase in the parental leave payment from $661.12 per week to $712.17 per week before tax.
The minimum rate for self-employed people will increase from $212.00 to $227.00 per week, which is equal to 10 hours worked per week at the adult minimum wage.