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About the Find Maroondah
By Warren Strybosch
The Find Maroondah is a community paper that aims to support all things Maroondah. We want to provide a place where all Not-For-Profits (NFP), schools, sporting groups and other like organisations can share their news in one place. For instance, submitting up-andcoming events in the Find Maroondah for Free.
We do not proclaim to be another newspaper and we will not be aiming to compete with other news outlets. You can obtain your news from other sources. We feel you get enough of this already. We will keep our news topics to a minimum and only provide what we feel is most relevant topics to you each month.
We invite local council and the current council members to participate by submitting information each month so as to keep us informed of any changes that may be of relevance to us, their local constituents.
We will also try and showcase different organisations throughout the year so you, the reader, can learn more about what is on offer in your local area.
To help support the paper, we invite local business owners to sponsor the paper and in return we will provide exclusive advertising and opportunities to submit articles about their businesses. As a community we encourage you to support these businesses/columnists. Without their support, we would not be able to provide this community paper to you.
Lastly, we want to ask you, the local community, to support the fundraising initiatives that we will be developing
The
and rolling out over the coming years. Our aim is to help as many NFP and other like organisations to raise much needed funds to help them to keep operating. Our fundraising initiatives will never simply ask for money from you. We will also aim to provide something of worth to you before you part with your hard-earned money. The first initiative is the Find Cards and Find Coupons – similar to the Entertainment Book but cheaper and more localised. Any NFP and similar organisations e.g., schools, sporting clubs, can participate.
Follow us on facebook (https://www. facebook.com/findmaroondah) so you keep up to date with what we are doing.
We value your support,
The Find Maroondah Team.
Maroondah
EDITORIAL ENQUIRES: Warren Strybosch | 1300 88 38 30 editor@findmaroondah.com.au
PUBLISHER: Issuu Pty Ltd
POSTAL ADDRESS: 248 Wonga Road, Warranwood VIC 3134
ADVERTISING AND ACCOUNTS: editor@findmaroondah.com.au
GENERAL ENQUIRIES: 1300 88 38 30
EMAIL SPORT: editor@findmaroondah.com.au
WEBSITE: www.findmaroondah.com.au
OUR NEWSPAPER
The Find Maroondah was established in 2019 and is owned by the Find Foundation, a Not-For-Profit organisation with a core focus of helping other Not-For-Profits, schools, clubs and other similar organisations in the local community - to bring everyone together in one place and to support each other. We provide the above organisations FREE advertising in the community paper to promote themselves as well as to make the community more aware of the services these organisations can offer. The Find Maroondah has a strong editorial focus and is supported via local grants and financed predominantly by local business owners.
ALL THINGS MAROONDAH
The City of Maroondah is a local government area in Victoria, Australia in the eastern suburbs of Melbourne. Maroondah had a population of approximately 118,000 as at the 2019 Report which includes 9000 business and close to 46,000 households. The City of Maroondah was created through the amalgation the former Cities of Ringwood and Croydon in December 1994.
ACKNOWLEDGEMENT
The Find Maroondah acknowledge the Traditional Owners of the lands where Maroondah now stands, the Wurundjeri people of the Kulin nation, and pays repect to their Elders - past, present and emerging - and acknowledges the important role Aboriginal and Torres Strait Islander people continue to play within our community.
DISCLAIMER
Readers are advised that the Find Maroondah accepts no responsibility for financial, health or other claims published in advertising or in articles written in this newspaper. All comments are of a general nature and do not take into account your personal financial situation, health and/or wellbeing. We recommend you seek professional advice before acting on anything written herein.
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The World Day for Grandparents and the Elderly
By Mary Barnes
The World Day for Grandparents and the Elderly transcends religious boundaries. It serves as a reminder to all cultures and communities of the importance of honoring our elders, cherishing their wisdom, and ensuring they feel valued and included. By working together, we can create a world where all generations thrive in a spirit of respect, connection, and care.
World Day for Grandparents and the Elderly, a global celebration held on the fourth Sunday of July, is a beautiful reminder to honour the invaluable contributions of our elders. It's a day to cherish their wisdom, experience, and the unwavering love they bring to our lives. This year, on July 28th, 2024, let's move beyond the ordinary and create meaningful experiences that celebrate the incredible legacy of our grandparents and senior loved ones. For families with geographically distant grandparents, technology offers a bridge to connect. Schedule a video call filled with games, stories, or simply a heartfelt chat to catch up. Encourage them to share their experiences, ask questions about their lives, and create new memories virtually.
Within families, the power of storytelling can be a beautiful way to celebrate. Encourage your elders to share tales from their youth, their life lessons learned along the way, and their experiences that have shaped them. These stories offer a window into the past, fostering a deeper understanding and appreciation for their journey. Consider creating a legacy project by recording their stories for future generations.
Unleash your creativity and embark on a craft project together. Design a family tree, decorate picture frames with photos and mementos, or create a memory box filled with keepsakes. This could be a collaborative effort, allowing younger generations to learn about family history while creating something special with their elders. For a personal touch, write heartfelt poems or messages expressing your love and appreciation. Skip the generic store-bought items and opt for a homemade gift that speaks volumes. It could be a hand-painted card with a sincere message, a photo album filled with cherished memories, or a coupon book for things like massages, baking sessions, or movie nights in. These personalised presents demonstrate the effort and thought put into celebrating their presence in your life.
Looking beyond the family unit, consider volunteering your time at a senior center. Many elderly individuals may not have regular contact with family, and your presence can make a significant difference. Play games, read books aloud, help with projects, or simply offer a listening ear. Your time and effort can brighten their day and offer valuable companionship.
Organise an intergenerational event to create a fun-filled day that fosters connection between different age groups. Host a potluck dinner where everyone contributes a dish, have a game night with board games or even adapted versions of classic party games to ensure inclusivity, or hold a talent show where young and old can showcase their skills. These events not only provide entertainment but also break down barriers and create a sense of community. Researching organisations working on senior rights allows you to advocate for change and improve the lives of the elderly population. You can volunteer your time, donate resources, or raise awareness about issues faced by our seniors. Even small actions can contribute to positive changes in policies and services that directly impact their well-being.
For a truly unique experience, consider a themed celebration based on your elder's interests. Choose a decade from their youth and transform your space accordingly. Decorate with posters, play music from that era, and prepare food
that was popular back then. Dress up in vintage clothing and embark on a nostalgic journey together.
Celebrate their cultural background by learning a few phrases in their native language, cooking a traditional dish together, playing music from their culture, or watching a movie set in their home country. This allows you to appreciate their heritage and gain a deeper understanding of their roots.
Turn the day into a celebration of their passion! If your grandparent loves gardening, visit a local nursery, plant flowers together, and create a beautiful space they can enjoy. For a movie buff, have a movie marathon featuring their favorite classic films or a genre they enjoy. By focusing on their hobbies and interests, you show appreciation for the things that bring them joy.
Consider creating an experience voucher box filled with coupons for activities they can enjoy throughout the year. Include vouchers for a visit to the park, a picnic lunch outdoors, a museum visit, or a movie night in. These experiences provide opportunities for them to explore their interests, socialise, and create new memories. A memory jar filled with small notes or photographs that evoke happy memories is a thoughtful gift. These can be funny anecdotes, pictures from special occasions, or simply inside jokes. Every time they revisit the jar, it will be a journey down memory lane filled with warmth and joy.
Bookkeeping - Back to basics PAYG Instalments
BOOKKEEPING
By Jodie Moore
We often get clients getting confused over PAYG Instalments and BAS payments. They receive a reminder to pay their PAYG instalment and their response is that they cancelled their GST registration last financial year so cannot understand why they are being asked to pay it now. Although PAYG instalments will often be included in your BAS, it is a very different thing. Almost everyone who receives a Tax Debt for their tax return will be put onto a PAYG instalment plan. This includes Individuals, Companies, Trusts etc.
Let me give you an example.
In your 2023 tax return, you received a tax bill of $1500. This amount is due now. If you cannot pay it upfront, you can set yourself up on a payment plan either
through MyGov or by contacting your Tax Agent or Bookkeeper.
As you had a tax bill for the 2023FY, the ATO will assume that you will also receive one in the 2024 FY. To help ease the shock and burden of receiving this tax bill and having to find the money in one go, they will automatically set you up on an instalment plan to pay it beforehand. Using the amount of your 2023FY tax bill, the ATO will divide it by four for you to pay in four quarterly instalments.
However, they also want it paid before the end of the financial year. So, if you do not complete your tax return until November for example, the first instalment will be due in the JanuaryMarch quarter, but this amount will include the July-September quarter, the October-December quarter and the January-March quarter, effectively paying three instalments in one. The final
quarter will then be reduced back down to the single quarterly amount.
Please also note, these PAYG instalments are to pre-pay your anticipated 2024FY tax debt. It is not paying off your 2023FY tax debt. This is a different amount and needs to be paid separately as highlighted above.
You do not really have a choice whether you pay these instalments or not. If you pay these instalments and then find you overpaid when you complete your next tax return, you will receive a refund. This will not automatically take you off the PAYG instalment plan though if you would have still received a tax bill without the previous excess instalments, they just might be reduced.
If you are still unsure or have a question relating to your specific situation please call us on 1300 883830.
GENERAL
INSURANCE
By Craig Anderson
Commercial Legal Protection insurance is designed to help SME businesses deal with unexpected legal issues not already covered by their other insurance policies.
Intended to complement traditional SME policies, rather than substitute core insurance cover, the policy typically provides expert legal assistance when an insured really needs it and protects them from potentially crippling costs which will have to be incurred, regardless of any fault on the client’s part.
What does a CLP (Commercial Legal Protection) Policy generally cover?
In general terms, legal expenses insurance provides advice and cover for the legal costs of pursuing or defending certain classes of legal action. It is not a substitute for General Liability, Professional Indemnity, Directors and Officers
What Is Commercial Legal Protection Cover?
Liability insurance, or Management
Liability insurance, but it aims to cover legal expenses not covered by those insurances.
Legal expenses insurance complements other classes of insurance as it lowers the financial burden associated with legal disputes, and provides access to legal advice and assistance which could curb the need for full-scale litigation. Under some wordings a Dispute may be taken to mean any civil legal proceedings or action in a Court or Tribunal either commenced by the Insured or commenced against the Insured by a third party which relates to the Insured’s core business activities and which falls within one of the policy’s Heads of Cover. Heads of Cover may include: Contractual Disputes regarding Supply of Good and/or Services, Tax Audit, Statutory Licence Protection, Landlord Disputes, Restrictive Covenant Pursuit (protecting a client’s intellectual property), Third Party Damage to Goods or Premises, Debt Recovery, and Legal Advice.
I recommend any SME entering into contracts, where they are supplying goods and services, (particularly if these services involve maintaining a statutory license) give a CLP policy some serious consideration. Having seen the financial difference that a successful defence can make for a small business, I believe CLP cover is of the utmost importance.
For a “health check” of your business insurance, contact Small Business Insurance Brokers via email: sales@ smallbusinessinsurancebrokers.com.au
Any advice in this article has been prepared without taking into account your objectives, financial situation or needs. Because of that, before acting on the above advice, you should consider its appropriateness (having regard to your objectives,needs and financial situation).
MORTGAGE BROKERING
By Reece Droscher
In May, the Federal Government delivered the 2024-25 budget. It included several measures such as a $300 energy bill rebate and rent assistance aimed at easing the cost-of-living pressures on Australians. Meanwhile, with the government’s stage 3 tax cuts coming into effect from July 1, some aspiring homeowners may see their borrowing capacity grow, along with their net income.
Let’s take a look at some of the government initiatives that may help you get a leg up on the property ladder sooner rather than later.
Help to Buy Scheme funding
In the May Budget, the government allocated $5.5 billion towards its shared equity Help to Buy Scheme in 2024-25 for aspiring homebuyers on low and moderate incomes.
Under the scheme, the government will provide an equity contribution of up to 40% of the purchase price for new homes and 30% of the price of existing homes.
To be eligible, you need to:
• Be an Australian citizen and at least 18 years of age
• Earn $90,000 or less as a single or $120,000 or less as a couple
• Live in the property
• Not own any other land or property in Australia or overseas
• Have saved a deposit of at least 2 per cent and be able to finance the remainder through a participating lender
• Be able to pay for the upfront and ongoing costs
• Be buying a property that falls under the price cap for your region.
Housing Australia boost
The government increased its line of credit to Housing Australia by $3 billion, and Housing Australia’s liability cap by $2.5 billion. Housing Australia administers the Home Guarantee Scheme, which encompasses the First Home Guarantee (FHBG).
Under the FHBG (which the government has previously indicated will be available until 30 June 2025), part of an eligible home buyer’s home loan from a participating lender is guaranteed by Housing Australia.
Government Initiatives To Help Aspiring Homeowners
Homebuyers can purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance.
To apply for the FHBG, homebuyers must be:
• Applying as an individual or two joint applicants
• Australian citizens or permanent residents at the time they enter the loan
• At least 18 years of age
• Earning up to $125,000 for individuals or $200,000 for joint applicants
• Intending to live in the purchased property
• First home buyers or previous homeowners who haven’t owned or had an interest in
• a real property in Australia (this includes owning land only) in the past ten years.
Homes for Australia Plan investment
The 2024-25 Budget included $6.2 billion in new investment to build more homes across Australia. The plan is to build 1.2 million new homes over five years from mid-2024.
The government said among other initiatives, the money would go towards turbocharging construction, with a $1 billion boost for states and territories to build the roads, sewers, energy, water and
community infrastructure needed for new homes, and additional social housing. Up to $1.9 billion in concessional finance will go to community housing providers and charities to support delivery of the 40,000 social and affordable homes under the Housing Australia Future Fund and National Housing Accord.
Tax cuts
From July 1, the government’s stage 3 tax cuts come into effect. As a result of the tax cuts, some purchasers will see their borrowing capacity increase as their take home pay rises, meaning they will have more options when seeking finance for a home. For an idea of your borrowing capacity, get in touch and we’ll crunch the numbers.
Like to discuss your finance options?
If you’re planning a property purchase, let’s chat. We can run through whether you are eligible for any government incentives and explain your finance options.
Please call Reece Droscher on 0478 021 757 to book in a review and discuss your options.
reece@shlfinance.com.au www.shlfinance.com.au
SMSF Reporting changes – New Deadlines
ACCOUNTANT
By Warren Strybosch
The 1st of July brings with it new reporting requirements for SMSF Trustees, and it is important that Trustees understand these new requirements.
Transfer Balance Caps (TBC)
An SMSF must report events that affect a member's transfer balance account. In the past, depending on your balance, you could elect to report quarterly or annually. Now, everyone must report quarterly.
From 1 July 2023
All SMSFs will be required to report quarterly, even if the members total super balance is less than $1 million. This means you must report the event that affects the members transfer balance within 28 days after the end of the quarter in which the event occurs.
All unreported events that occurred before 30 September 2023 must be reported by 28 October 2023. This means you cannot report at the same time as your SMSF annual return (SAR) for the 2022–23 income year.
Common TBC events are:
• details of when a member starts a retirement phase income stream, including death benefit income streams – details you need to provide include
o type of income stream
o the value
o start date.
Where the death benefit income stream is paid to a reversionary beneficiary, the start date will be the date the member died, and the value will be the value of the income stream on the date of death of the member:
• details (including value) of commutations of retirement phase income streams, including commutation of a pension that occurs before it is rolled over to another fund.
Whilst these seem like a minor technical change, it could have significant practical implications for trustees, including impacting the timing of when pensions commence. Trustees will no longer be able to rely on member balances in the last set of annual financial statements as its pension commencement value or its transfer
Rather, the fund is going to have to create interim accounts to reasonably calculate or estimate the value of each of the members benefits and confirm the tax components so it can work out the value of the transfer balance account even before the commencement of the pension.
Not only will this cause some headaches for the accountant, but it will also require financial advisors to determine the value of the SMSF assets at market value prior to commencing the pension.
For those Trustees who do not use a financial advisor and their accountant is not using software where daily data feeds are flowing into the reporting software, it will be very difficult for them to obtain reasonable asset valuations for which the auditor may be satisfied with.
It is likely there will be an increased cost to SMSFs due to accountants having to create interim reports and additional valuations carried out where trustees require pensions started during the year.
Some exclusions from reporting Events an SMSF does not need to report on a transfer balance account report (TBAR) include:
• pension payments
• investment earnings and losses
• when an income stream ceases because the interest has been exhausted
• the death of a member
• information that individuals report to us directly using a Transfer balance event notification form (NAT 74919) –this includes a
º family law payment split
º debit event from fraud, dishonesty, or bankruptcy
º structured settlement contributions made before 1 July 2007
• information other funds will report to us such as a member's interest in an APRA fund.
When you need to report sooner
If a member exceeds their personal transfer balance cap, you must report the following events sooner:
• a voluntary member commutation of an income stream in response to an excess transfer balance (ETB) determination – this must be reported within 10 business days after the end of the month in which the commutation occurs
• responses to commutation authorities which must be reported within 60 days of the date the commutation authority was issued.
If an individual has exceeded their cap and we issue an excess transfer balance determination or commutation authority based on incomplete or incorrect information, you must correct the reporting as soon as possible. This enables us to revoke the determination or commutation authority.
Consequences of late reporting
We encourage members to lodge their transfer balance reporting as soon as possible to avoid adverse consequences. If an SMSF does not lodge a TBAR by the required date, the member’s transfer balance account will be adversely affected. They may need to commute more money to rectify any excess and pay more excess transfer balance tax. There may also be reverse workflow for the trustee.
If the SMSF is late reporting a commutation made after we issued an excess transfer balance determination to the member, we may send a commutation authority to their fund. This puts the member at risk of having the excess amount removed from retirement phase twice.
An SMSF may be subject to compliance action and penalties if they do not lodge on time or respond to a commissioner commutation authority. Non-compliance with a commutation authority may result in denying exempt current pension income (ECPI) claims.
Potentially the late lodgement penalty will be assessed at the rate of one penalty unit for each period of 28 days or part thereof, that the report is overdue up to a maximum of five penalty points. “The current value of a penalty point is $313 which just increased on 1 July from $275 a penalty point.”
Warren Strybosch
You can call them on 1300 88 38 30 or email info@findaccountant.com.au / www.findaccountant.com.au
Important Information
This information is of a general nature only. It does not take into account your particular financial needs, circumstances and objectives. You should obtain professional financial advice if you have not already done so before acting on this information. You should read the Product Disclosure Statement (PDS) before making a decision to buy or sell a financial product. Any case studies,graphs or examples are for illustrative purposes only and are based on specific assumptions and calculations.Past performance is not an indication of future performance. Superannuation, tax, Centrelink and other relevant information is current as at the date of this document. This information contained does not constitute legal or tax advice.
Cosy mid-winter at Realm Library
Want to snuggle up and get cosy this Winter? Join us at Realm Library, grab a hot chocolate, and settle in for a Christmas (in July) themed movie matinee, at 1pm on Thu 18 July, or pull on your fluffy socks, grab a tasty treat, and snuggle up in a blanket, for our special Hygge bookchat, at 2pm on Wed 24 July. (FREE) Bookings required.
Aboriginal Victorians: Billibellary's different courage
Wed, 24 July, 2pm-3pm, Croydon Library
Richard Broome AM, president of the Royal Historical Society of Victoria, presents the story of Billibellary, a Wurundjeri Elder of the 1830s and 1840s, and an influential and important ngurungaeta, or spokesman, for the Wurundjeri–willum people at the time of the first European settlement of Melbourne. (FREE) Bookings required
OCCUPATIONAL HEALTH & SAFETY
By Mark Felton
As a business owner and employer, it is your responsibility to ensure the health and safety of your employees within your workplace. This includes providing your team with a safe work environment and protection from hazards. You can achieve this by understanding your obligations under the Occupational Health and Safety (OHS) laws and by complying with them.
WorkSafe Victoria recently reported that a Warrnambool roofing manufacturer has been convicted and fined $40,000 after a worker suffered serious injuries when they were told to bypass a machine's safeguards to clean it.
Uniroll Roofing Pty Ltd was sentenced in the Warrnambool Magistrates' Court on Thursday 16 May 2024, after pleading guilty to one charge of failing to provide or maintain a safe system of work and one charge of failing to provide employees with necessary information, instruction or training. The company was also ordered to pay $4207 in costs.
The court heard the inexperienced worker, who had only started at the company a week earlier and had not received any documented training, was tasked with operating a metal forming press, which rolled metal sheets through a series of rollers, in April 2022.
The worker noticed the rollers were depositing marks on the metal and shut the machine down to clean them. Seeing this, the company's co-owner advised there was a more effective way to clean the rollers, and showed the worker how to program the machine to bypass the interlock guarding and clean the rollers while they were still operating. Seconds later, the scouring pad the worker was using became caught in a roller and dragged his hand into the machine, crushing and degloving two of his fingers.
The worker required multiple surgeries and was not able to return to full-time duties until August 2022, when his employment was terminated.
It was reasonably practicable for Uniroll Roofing to have implemented a lock-out tag procedure requiring workers to turn the machine off and isolate power to it prior to cleaning, and to have provided adequate information, instruction and training on this procedure and the fact cleaning should only occur when the rollers were not operating.
WorkSafe Executive Director of Health and Safety Narelle Beer said WorkSafe would not hesitate to take action where employers did not put the safety of workers first. "It is incredibly alarming that this inexperienced worker was put in harm's way by someone in authority who they should have been able to rely on to keep them safe," Dr Beer said. "It is simply unacceptable to take shortcuts on safety and fail to ensure there are safe systems of work and appropriate information, instruction and training for workers to do the job safely."
WorkSafe Victoria’s tips for cleaning plant and equipment safely include:
• Undertake a risk assessment to identify any hazards and assess how to remove or control them.
• Have a documented procedure in place, including on how to power down and isolate equipment, and ensure it is available in a worker’s first language.
• •Ensure machines are powered down, fully secured and stable before cleaning begins.
• Ensure machinery is properly guarded and safety interlocks are regularly checked.
• Ensure workers are properly trained and supervised so they understand the procedure and the risks associated with the plant and equipment being cleaned.
As a business owner, are you confident that you do not have shortfalls in your
Shortcuts in safety lead to serious injury and a
$40,000 fine
efforts to keep your workers healthy and safe? Do you have an understanding of your responsibility to ensure the safety of your employees? Are you confident that you can provide a safe work environment and comply with OHS laws? Do you believe that you are effective in carrying out risk assessments, employee consultation and providing training? Do you regularly review these measures to ensure that they remain fit for purpose and keep you and your employees healthy and safe? Why not make a New Year’s resolution to get your house in order?
At Beaumont Advisory we assist business owners clarify what they currently have in place, as well as where there are shortfalls. We then assist in developing effective systems and documentation, working with businesses to ensure effective implementation. Checks are put in place to monitor ongoing effectiveness, to ensure that going forward, they are sound and comply with the Act and most importantly keep you and your employees informed, and healthy and safe. Please feel free to contact me, Mark Felton, at Beaumont Advisory on 0411 951 372 or mfelton@ beaumontlawyers.com.au for an obligation and cost-free initial discussion.
Mark Felton
Occupational Health & Safety
A new vision and purpose
DIGITAL MEDIA
By Ethan Strybosch
In a world where businesses often focus solely on profitability, we have decided to take a bold step with Elmedia Marketing towards making a meaningful impact. Having established the agency just under two years ago, we swiftly carved a niche for ourselves in the digital marketing realm. Offering website development, digital advertising, and a wholistic approach to businesses digital identity we have consistently prioritised tangible business growth. However, our recent pivot to focus on not-for-profits marks a significant evolution in our mission and vision.
From Profit to Purpose: Our Journey
Our decision to niche down into the notfor-profit sector is not merely a strategic business move but a heartfelt response to a growing desire we’ve had to create a positive social impact. We wanted to do something that mattered, that had more meaning and purpose. While we are great at making money for people, it feels more rewarding to do it for those who need it most.
This shift was inspired by our recent successes with not-for-profits. By leveraging our expertise in Google Ads, we helped a not-for-profit organisation
capitalise on an ad-spend grant. The result was an exceptionally high clickthrough and conversion rate on their ads, which translated into a significant increase in donations. This success story underscored the potential for our skills to drive substantial positive outcomes for organizations dedicated to the greater good.
Our Strategies Tailored to Not-for-Profits
Our approach to supporting not-for-profits is comprehensive and tailored to the unique challenges these organisations face. Our strategy is built on three core pillars:
1. A Comprehensive Marketing Audit: We begin by analysing the entire marketing approach of the not-forprofit. This includes a thorough audit of their digital presence to identify areas for improvement and opportunities for greater impact.
2. Affordable Full-Service Marketing: Understanding that many not-for-profits cannot afford a full-time marketing team, we step in to fill this gap. We act as an entire marketing department for a fraction of the cost, ensuring these organisations can access top-tier marketing services without breaking the bank.
3. Grant Assistance: To further support our clients, we assist in securing marketing-
based grants. These grants are crucial for reaching new audiences and spreading the word about the invaluable work these organisations do.
A Vision for a Better Tomorrow
As we embrace this new direction, we are driven by a vision of using our skills and team for the betterment of society. This pivot not only enhances the impact of the not-for-profits we work with but also gives us with a greater sense of purpose. It’s about more than just making money; it’s about making a difference.
In a world where the lines between profit and purpose often blur, we want to stand out as a beacon of hope, like a city on a hill. Our journey from focusing on business growth to championing notfor-profits is a testament to the power of aligning professional expertise with social responsibility.
Business Insurance
FINANCIAL PLANNER
By Erryn Langley
When Business owners are often so focused on building their business, they neglect to protect the investment to ensure the survival of the business if something unexpected occurs.
Insurance can help by providing lump sums if a key person or business owner dies or suffers a serious illness or injury. Business owners need to assess the risks in their businesses and considering the options and strategies to minimise these risks or to cover the financial downsides.
There are various business insurance purposes to consider.
Business Succession Plan
Succession planning is simply a strategy for the handover of a business from one owner to another in particular circumstances, such as the planned or unplanned departure of a principal from the business. A comprehensive plan helps to ensure the business survival and can minimise disputes between owners and families. This plan includes a documented buy/sell agreement to cover issues such as:
• Establishing who should retain ownership and control of the business, by providing an orderly transition with the departing owner (or their estate) selling their interest in the business to the remaining owner(s).
• Determining the ‘trigger’ events which may result in the departure of a principal.
• Ensuring that the departing owner (or estate) receives an agreed and predetermined value for their interest in the business.
• Providing the remaining owner(s) with funding options to purchase the departing owners interest in the business
The use of insurance as a funding source provides greater certainty for all parties and can be less expensive than taking on debt. It will help to eliminate the need for:
• The business to be wound up or A forced sale of the business or assets to pay out the departing owner (or estate) or
• The remaining owner(s) to use personal assets or borrowings to pay out the departing owner (or estate)
Policies can be owned under a number of structures but in most cases self-owned policies are the most tax effective option. This also provides greater flexibility if new owners enter the business or existing owners exit as there is no need to transfer ownership of policies.
Premiums paid on insurance policies used for Business Succession purposes are generally not tax deductible. There may be tax implications including CGT for the departing owner and continuing owners and you should seek specialist taxation advice.
Debt Personal Guarantee
Taking out insurance for the purpose of guarantor protection ensures that if death, TPD or a trauma event occurs to a business owner who has provided a guarantee for a business loan, that the loan can be repaid.
This strategy benefits the guarantor by protecting personal assets which have been used to secure business loans. It also ensures that the business does not face an unexpected financial burden if the lender requires the loan to be repaid or renegotiated. Ideally a guarantor should be insured for 100% of the loan whether they are jointly or severally liable for the debt to provide the best protection.
Premiums paid on insurance policies used to repay debts are not tax deductible.
Policies can be self-owned (by the person who acted as guarantor) or be owned by the business entity. The tax implications on claim proceeds can vary depending on the option selected.
Business Entity Ownership
• Life policy – tax is not payable on claim proceeds received
• TPD/trauma policy – capital gains tax will apply
• The business entity receives the proceeds and can directly repay the debt
Self-Ownership
• Tax does not apply on the claim proceeds received on life, TPD or trauma policies
• The insured person receives the proceeds and needs to pay the debt on behalf of the business.
• A written agreement should be in place setting out the respective parties’ obligations. This may result in further tax implications and the debt reduction agreement should exclude ‘rights of contribution’ from arising
With this strategy, care should be taken with any contractual arrangements to ensure capital gains tax is not triggered. The use of insurance to repay debt may also affect valuations of the business. You should seek specialist legal and tax advice.
Key Person Insurance
Key Person insurance protects the business against the loss of a principal or other person who is integral to the business. The loss of key people can have significant adverse financial impacts on the business.
Key Person insurance helps to ensure that a business survives following the loss of a key person in the event of death, disablement or trauma. There are two different purposes‘revenue purpose’ or ‘capital purpose’. It is necessary to distinguish between them for taxation purposes.
Key Person – Capital Purpose
The sudden loss of a key person means the business may need to:
• Repay loans made between the key person (principals) and the business. Repay loans or debts to creditors which have been called in because of the loss of the key person
• Compensate the business for any goodwill lost
• Replace lines of credit (i.e. working capital)
The business may take out an insurance policy on each key person to offset the anticipated financial loss. In this instance, the insurance required is for ‘capital purposes’ as it adds to the value of the business.
The business owns the policy, pays the premiums and receives the proceeds if something happens to the key person. The proceeds are not assessable as income and the premiums are non-deductible. However proceeds received by the business for Total & Permanent Disability or Trauma insurance are subject to Capital Gains Tax (CGT). Life insurance proceeds are exempt.
Key Person – Revenue Purpose
The sudden loss of a key person means that a suitable replacement may need to be found and the business may face unexpected costs for recruitment. The business may also want compensation for reduced revenue, sales and profit to help meet other expenses
The business may take out an insurance policy on each key person to offset the anticipated financial loss. In this instance, the insurance required is for ‘revenue purposes’.
The business owns the policy, pays the premiums and receives the proceeds if something happens to the key person. If the
business made a declaration at the time of paying the premium that the purpose was of a ‘revenue’ nature, then generally the premiums would be tax deductible and the proceeds would be assessable income of the business
Business Expenses Insurance
Business Expenses insurance is designed specifically for business owners or sole traders and aims to minimise the financial impact of their sickness or injury by paying a monthly benefit to cover eligible business expenses during a prolonged absence from work. This will allow a business owner to focus on recovery.
Business Expenses policies will usually pay a benefit up to 100% of your gross (eligible) expenses for a set term of 12 months after a waiting period has expired.
To be eligible you need to be a sole trader, in a partnership or a working director and be responsible for paying the business’s expenses. Eligible expenses may include costs for premises, services/utilities, equipment and leasing costs, salaries and associated costs for non–income generating employees, and accounting fees.
The policy is owned by the business entity with the business owner as the insured person. Generally premiums for Business Expenses insurance are fully tax deductible. The proceeds are taxable but the business can claim tax deductions for expenses paid.
of Alliance Wealth Pty Ltd.
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Whilst all care has been taken in the preparation of this material, it is based on our understanding of current regulatory requirements and laws at the publication date. As these laws are subject to change you should talk to an authorised adviser for the most up-to-date information. No warranty is given in respect of the information provided and accordingly neither Alliance Wealth nor its related entities, employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information.
A ‘conservation conundrum’ – when rat control to conserve one species threatens another
When pest rats and mice decimate populations of native species, pest control is a no-brainer. But what if baiting rats protects threatened songbirds, while poisoning critically endangered owls?
This is a question conservation managers are grappling with on tiny Norfolk Island, some 1,300 kilometres off the east coast of Australia. They’re not the only ones troubled by such conflicting priorities.
Rodents are implicated in the decline of at least 400 threatened species and 30% of bird, mammal and reptile extinctions worldwide. Unfortunately, the most effective rat baits can also kill birds of prey.
Our new research shows the critically endangered Norfolk Island morepork is eating even more rats and mice than previously thought. These birds of prey are being poisoned in the process. We clearly need a way to control or eradicate rodents without killing our native species.
The conservation conundrum on Norfolk Island
As its name suggests, the Norfolk Island morepork is found only on Norfolk Island. Just 25 birds are left in the world, with none held in captivity. The rate of successful breeding is extremely low.
In our new research, we examined the morepork’s diet in unprecedented detail.
We tracked seven owls, almost a third of the population, to collect their poo and pellets (coughed up like cats do with furballs) for analysis. First we studied
Authors
the contents by sight, then we sent the samples off for DNA sequencing, to work out what they had been eating.
Every owl in our study had eaten rodents. Two owls had eaten house mice. When a bird of prey such as a morepork or boobook eats a poisoned rodent, it can become very unwell or die. This is known as secondary poisoning.
During the course of our research, one sick morepork was found and rehabilitated. We named the owl Rashootin after Grigori Rasputin, the Russian mystic who was famously poisoned yet survived. But if Rashootin hadn’t been found by an islander, he would not have been so lucky.
Unfortunately we don’t know how many other moreporks suffer from secondary poisoning but there is anecdotal evidence it’s a problem. The Norfolk Island morepork chicks that hatched between 2011 and 2019 died from a case of suspected secondary poisoning.
Elsewhere the incidence of secondary poisoning for boobooks, moreporks and larger Ninox species that eat rodents is well documented.
Victoria Florence Sperring Research Officer, Monash University Rohan Clarke
Associate Professor, School of Biological Sciences, Monash University
An obvious solution would be to modify the use of rodent baits on Norfolk island. Perhaps baiting could be less frequent. Or less toxic baits could be used, to reduce the risk of killing non-target species.
But less toxic baits are not so good at killing rats.
Rat control is deemed necessary on Norfolk Island because the rats prey on other threatened species. In our previous research we found rats were the main cause of “nest failure” for all five songbirds found only on Norfolk Island. This means rats are typically responsible for the failure of these songbirds to rear chicks in any given breeding season. We found rats raided 39% of endangered Norfolk Island robin nests, eating either chicks or eggs.
Adding to the complexity of the challenge, the ranges of Norfolk Island moreporks and robins overlap almost completely at Norfolk Island National Park.
In summary, rat control is essential for the recovery of several threatened species on Norfolk Island, yet this same intervention poses a genuine threat to the tiny remaining morepork population.
How can land managers prioritise the conservation of one threatened species over another?
10 herbs that have been researched for anxiety
NATUROPATH
By Kathryn Messenger
Anxiety disorders are often felt with symptoms such as worry, reduced concentration as well as with physical symptoms like insomnia, muscle tension, or digestive upsets. Pharmaceutical medications for anxiety usually target Gamma-aminobutyric acid (GABA), a neurotransmitter in the central nervous system, but these medications can have significant side effects. A scientific study found 10 herbs to be effective in treating anxiety by regulating GABA, and I’ll break these herbs down into different categories so that they’re easier to understand.
Just a quick warning about selfprescribing herbs at a therapeutic level. Usually, the amount you would have in a tea is a low enough dose that it is unlikely to cause any problems.
Some herbs are not meant to be taken long term, so always have your herbs checked with any medications you may be taking by a health care professional in case of interactions. If you do want to take therapeutic doses of herbs you would be best to get advice from a naturopath or herbalist, just to be sure of safety.
Anxiety with trouble sleeping
Hypnotic herbs: I know this sounds a bit weird and mystical, but it's actually just language that is not used the way
it used to be. In terms of herbs, this just means that they induce drowsiness or sleep.
These are not like drugs used for sleeping in that there is no hangover effect the next day, you would generally take these before bed, have a nice deep sleep and wake refreshed. The following herbs are all hypnotic herbs with their other actions for anxiety listed beside them:
Hops - mild sedative
Kava – anxiolytic (alleviates anxiety), mild sedative, muscle relaxant
Passionflower - mild sedative, anxiolytic
Valerian - anxiolytic, mild sedative
Other herbs for anxiety
This next group of herbs cover a variety of actions. When I’m choosing a herb to go into a herbal medicine mix, I’m very aware of the other symptoms in the person I’m treating. So, I would choose a different one depending on what else this person is presenting with.
Chamomile - mild sedative
Gotu kola - nervous system tonic, adaptogen
Gingko - cognition enhancing, neuroprotective
Withania - mild sedative, adaptogen
My favourite 2 herbs for anxiety
These next 2 herbs, I use a lot, the first one is calming to the digestive tract, I find it really effecting in cases of anxiety that presents itself with digestive issues,
or if the person has digestive issues and anxiety, it also works really well. The second is my absolute go to for anxiety. It’s a nervous system tonic that’s calming, so it works to gently calm and relax the nervous system, bringing it into balance.
Lemon balm - mild sedative
Skullcap - nervous system tonic, mild sedative
Herbal teas
Some of these herbs you will find available as teas. This is a safe low dose way to take herbs. You will need to have the tea more than once each day and for at least a month or so, to see some difference in your anxiety. For a therapeutic dose of herbs, a naturopath or herbalist can help make up an individual herbal mix.
GABA-modulating phytomedicines for anxiety: A systematic review of preclinical and clinical evidence
Kathryn Messenger
BHSc (Naturopathy)
kathryn@wholenaturopathy.com.au
Suite 1 53/1880 Ferntree Gully Rd
Mountain Gate Shopping Centre Ferntree Gully, Victoria
2024 TAX UPDATES
A recent case has highlighted that early payment of superannuation leading to excess concessional contributions may not be considered a special circumstance allowing reallocation under s 291-465 (2) of the ITAA 1997. With the concessional contributions threshold about to increase, Oldenburger v Commissioner of Taxation reminds employers to revisit their superannuation contribution strategies to avoid tax impositions.
In this case, the applicant applied for a special consideration after receiving a tax bill for exceeding the concessional contributions threshold, which was denied by the Commissioner and later the Administrative Appeals Tribunal (AAT).
From 1 July 2024, the concessional contributions cap is set to increase from $27,500 to $30,000.
Announced: 4-May-2023
Updated: 7-May-2024
The Federal government has announced a one-year extension to the increase in the instant asset write-off threshold to $20,000.
Announced as part of the 2024 Federal Budget, this increased threshold applies for the 2024-25 income year and aims to help small businesses with improved cash flows.
An immediate deduction for eligible assets (applied on per asset basis) will become available for small businesses with an aggregated turnover of less than $10 million.
Eligible assets must be first used or installed ready for use between 1 July 2024 and 30 June 2025.
the lens by Federal government to ensure foreign residents are paying their fair share of tax in Australia.
Specified taxable Australian property (TAP) defined under ITAA 1997 s 855-15, which makes foreign residents subject to CGT will be reviewed and broadened.
The principal asset test to determine the indirect interest of a foreign resident in a TAP will now be subject to a 365-day testing period rather than being tested at a "point in time".
Commencing from 1 July 2025, these reforms aim to provide certainty to foreign investors by aligning Australian tax law closely with the OECD standards and international best practice.
Announced: 14-May-2024
Updated: 14-May-2024
Announcement(13-May-2024) Consultation Introduced Passed Royal Assent Date of effect
The
At
Announced: 13-May-2024 Updated: 14-May-2024
Announced: 13-May-2024
Updated: 17-May-2024
2024 TAX UPDATES
The Commissioner gains power to not apply refunds against old tax debts
Amendments to tax legislation have been announced in the 2024 Federal Budget that will give the Commissioner of Taxation a discretion to not use a taxpayer's refund to offset old tax debts.
As per s 8AAZL of the Tax Administration Act 1953, the Commissioner is required to apply refunds in the running balance account (RBA) to offset current or anticipated RBA and non-RBA tax debts.
This discretion will apply to individuals, small businesses and not-for-profits, and will maintain the Commissioner's current administrative approach.
This announcement applies to old tax debts put on hold by the Commissioner prior to 1 July 2017. After the enactment of legislation, we expect the Commissioner to release regulatory resources in relation to the practical application of this announcement.
Increased flexibility for Carer payment recipients
As part of the 2024 Federal Budget, an announcement may make more carers eligible for government financial assistance and support.
The eligibility requirements will change from 20 March 2025, where the existing 25 hour per week participation limit to receive Carer Payment will be amended to 100 hours over 4 weeks.
Also, currently the participation limit applies to employment, volunteering and study. From 20 March 2025, only employment will count against the participation limit.
Further adjustments will be made, meaning that if an individual goes over these limits, the ramifications relating to future support will not be as severe.
Announcement(13-May-2024) Consultation
Royal Assent Date of effec
Royal Assent Date of effect
Australian Apprenticeship Incentive Scheme payments to be adjusted
A 2024 Federal Budget announcement will provide additional support for businesses who participate in the Australian Apprenticeships Incentive System.
The last adjustment to this scheme was announced in the March 2022 budget, where the Phase Two incentive system payments would begin reducing from 1 July 2024.
The new announcement states that the reduction in incentive payments will not reduce for apprentices, trainees and their employers in priority occupations.
As a result, the expected Phase Two incentive system payments for apprentices in a priority occupation will increase from $3,000 to $5,000 if it was due to received after 1 July 2024. Also, if an apprentice in a priority occupation is hired after 1 July 2024, there will not be a reduction in that incentive payment either.
The proposed expansion of Part IVA deferred
Announced as part of the 2023 Federal Budget, was a proposed expansion of the general anti-avoidance provisions for income tax.
This announcement intended to allow schemes that achieve an Australian income tax benefit to come into the scope of Part IVA, even if the dominant purpose was to reduce foreign income tax.
This announcement was set to apply from 1 July 2024, however, as per the 2024 Federal budget this has been pushed to income years commencing after amended legislation receives royal assent, regardless of whether the scheme was entered into before that date.
13-May-2024
27-May-2024
of
Government superannuation contributions to be added to paid parental leave
In an initiative to promote women’s economic equality, the Labor government has announced plans to pay superannuation on paid parental leave (PPL) for government-funded payments from 1 July 2025.
If enacted, this measure will provide parents who access the PPL government scheme with super contributions paid into their nominated super account equivalent to 12% of their leave pay.
An expansion to Australia’s PPL is also currently before the Senate, which will give families an additional 6 weeks of PPL, increasing to 22 weeks from July 2024, 24 weeks from July 2025, and 26 weeks from July 2026.
This measure is currently in the announcement stage and requires parliamentary approval to become law.
Announced: 7-Mar-2024
14-Mar-2024 Announcement(9-May-2023)
Council adopts the 2024/25 Budget
Council has adopted the 2024/25 Budget, Council Plan 2021-2025 (2024/25 Update) and the long-term financial plan 2024/25 to 2033/34.
The documents were adopted at the Council meeting on Monday 24 June 2024. Mayor of Maroondah, Councillor Kylie Spears, said the documents outline how Council will deliver key projects and initiatives while further progressing the work that has been completed throughout the past financial year.
“These are two of the most significant documents that Council produces each year. They set our tone and vision for the year ahead. In preparing the 2024/25 Budget, Council has taken into consideration the rising cost of living facing our community whilst maintaining a strong foundation for the delivery of programs and services. Council has adopted it as a balanced, sustainable, and responsible platform. This will ensure a strong future for our community while we continue to protect Council’s $2.1 billion in net assets, support our community with programs and services, and deliver $65.49 million in extensive and responsive capital projects,” Cr Spears said.
“As part of Council’s integrated planning framework, the Budget also links to the
many achievements of the Council Plan. The Budget outlines the provision of financial resources for the next 12 months and how these will be used to meet the actions and initiatives in the Council Plan, while delivering more than 120 services and an extensive range of programs, services and activities for our community.
The 2024/25 Budget allocates funds towards Council’s service delivery, including $1.95 million for early years and youth development, education and care; $1.61 million on community wellbeing and health; $1.18 million for supporting older residents and people with disabilities; $1.81 million for maternal and child health services; $11.57 million for maintaining Maroondah’s natural environment and open spaces; and $1.26 million for the maintenance and renewal of Council’s golf courses and 48 sportsfields.
Celebrating 100,000 rounds of golf
Ringwood Golf has hit another milestone this week just months after celebrating 50 years. On Wednesday 26 June, the number of rounds played at the popular golf course ticked over to 100,000 for this financial year!
This is a first for Ringwood Golf, surpassing last year’s 93,000 rounds and the previous record of 94,000 from the 1997/98 financial year.
Mayor of Maroondah, Councillor Kylie Spears, said the milestone is welldeserved.
“Three months ago, we were celebrating Ringwood Golf’s 50-year legacy, and now we are recognising 100,000 rounds in one year, which is extraordinary! This is a proud and exciting moment for Ringwood Golf, Council and the community,” Cr Spears said.
“Along with its 50-year legacy, this milestone is a testament to the course’s popularity within the golf community, the passion of Ringwood Golf’s players and the dedication of our venue employees.”
In the lead up to the big moment, the team at Ringwood Golf excitedly planned a fun surprise and reward for the lucky golfer who would play the 100,000th round.
That golfer was Bill McDonnell, who turned up for what he thought would be a normal day on the course. Instead, Bill was greeted by Ringwood Golf employees with a big cheer and confetti cannons.
“I got a bit of nod out in the carpark: ‘Don’t be surprised by what hits you on the way in’. I was still surprised!” said Bill.
Mayor Cr Kylie Spears and Jubilee Ward Councillor Mike Symon presented Bill with a congratulatory three-month membership.
Bill is well known among the staff, as he has been playing three rounds a week at Ringwood Golf course for many years. He said the Ringwood Golf team are what has been bringing him back again and again.
“Well, the staff are lovely, all very friendly and you can have a gab with them,” he said.
Bill also commended the team on their maintenance of a great course to play on.
“The course is lovely. You couldn’t look after a course better!”
Maroondah Council News
44,000 new homes for Maroondah under Victorian Government plan
Under draft statewide housing targets set by the Victorian Government, Maroondah will have capacity for 44,000 new homes by 2051. There are currently approximately 48,000 homes in Maroondah.
The draft housing targets form part of the Victorian Government’s Plan for Victoria, which aims to boost housing across the state by 2.24 million homes by 2051. Draft housing targets have been released for all 79 Councils in Victoria.
Mayor of Maroondah, Councillor Kylie Spears, said Council would continue to aim for a balanced approach towards housing.
“Our approach to housing in Maroondah has always aimed to ensure that new housing is located in areas with good access to public transport, employment and services while also minimising environmental impacts.
“This approach also includes the significant work Council has done to
establish the Maroondah Housing Strategy 2022 and planning controls that allow for substantial future housing growth in Maroondah,” Cr Spears said.
“While this approach means that Maroondah currently has substantial capacity to absorb additional housing, further detailed analysis will be required to determine where the housing is best located and in what form, so that we can aim to achieve the Victorian Government’s housing targets in an effective, enduring way.”
The Victorian Government is calling for submissions on the housing targets between 1 July and 30 August.
Maroondah residents can also provide feedback directly to the Victorian Government about the draft housing targets.
Mayor, Cr Spears, encouraged Maroondah residents to share their thoughts.
“Council has worked hard over the years to maintain a careful, sustainable balance between urban convenience, the needs of our community and Maroondah’s much-loved leafy greenness - something we know is important to our residents. We want to ensure this continues and we urge residents to have their say and let the State Government know their thoughts.”
“With this in mind, Council will be making a submission to the Victorian Government on the Plan for Victoria and the housing targets they have set for Maroondah, so we can better understand what the targets may mean for Maroondah’s future,” Cr Spears said.
“I encourage Maroondah residents to speak up, so that the Plan for Victoria reflects the views and needs of our region and that what you love most about Maroondah can continue to be enjoyed by future generations.” You can provide your feedback to the Victorian Government or learn more about the draft housing targets on the Engage Victoria website.
Croydon Conservation Society was founded in January 1964, by a group of Croydon residents who were desperate to keep the tree of the area. Specifically, at that time, some enormous trees on Wicklow Avenue and Kent Avenue were torn down to make way for a petrol station.
As with progress at any time, there is damage to the environment which may never recover. The men in the group, decided to begin collecting newspapers, from neighbours and friends. This was before Council recycling. An opportunity was seized as the collectors saw “an opportunity to earn an income”
Once the garage which belonging to Mr Athol Crane was stuffed to the top, a truck would be organised from Australian Paper Mills in Alphington, and the money was “invested” in plants.
A memorial planting was created after Athols passing, known as the Crane memorial planting, in honour of his tireless dedication. The whole length along Wicklow Avenue was planted by CCS members back in 1988. CCS has been successful in getting the LXRP to protect a small part of this during the Croydon Station improvement (progress again put the whole length at risk, they planned to remove it all)
The truck from APM was stacked by these men to the hilt. The ladies made a Ploughman’s lunch for their efforts. In the photo L to R are, Sandy Khan, Jim Snowdon, Roy Pitman, Athol Crane, and the APM chap on the far right is Garry McPhee. Photo taken in 1986 or 7.
Roy Pitman has a tiny reserve named for him, on the corner of Dorset and Lincoln Roads. Money paid for paper to CCS has become the foundation of our financial independence along with membership fees of $15 per Annum.
Since the early days CCS has become the voice of conservation reason for our local environment, we work respectfully with Council and have a charter to be a useful and reasonable body of local public opinion for the preservation of the environment and the treed character of the area.
Our logo is a wood cut stamp, also made by one of our founding members
Do you like your own privacy?
Ignorant people often remove trees that they think might be dangerous. They might appear to be old or have recently dropped limbs. Often, they do this illegally, since it is very easy to get a tree lopper to agree that the tree is dangerous, this means exemption from a permit application.
These old mature trees are habitat for our wildlife, who need nesting hollows, to breed. We are at grave risk of losing not only vegetation and trees but whole species from our suburban biodiversity.
Below is just one example of the 12 messages we have sent in the last 24 months
We are counting on you as our representative to ensure the State mandates a serious deterrent, that Councils can enforce on those who illegally remove trees.
Lets put an end to the talk. Start again with enthusiasm, to devise a method of fines that is workable and transparent, to protect our mature urban trees.
This is then signed by about 30 Environment groups across Greater Melbourne. CCS has been the instigator of this campaign, among other work we do like monitoring development applications. You can also find out what is going on near you by joining a not for profit, public information group called Planning Alerts.
Google Planning Alerts, then provide your area, generally around where you live and walk, then as applications are made to Council, you get an alert email from Planning Alerts, that shows the address, a photo from Google map, so you can see what is on the land in question. If you wish, you can search for the documents pertaining to the development at Council, and have your say particularly about vegetation removal of significant large trees with good sized canopies. Council is obligated to abide by their own planning overlays, such as significant landscape or vegetation protection overlays, as well as ensuring visitation of the site after building to inspect the planting required as part of the landscape plan for the new development. If you think the plants have died or been pulled out or not even planted, contact Coucil and ask for a site inspection.
Croydon Conservation expects Council to replace a one for one policy, so that we do not lose any more cover. Shade helps us with liveability so that our community does not overheat. Trees help slow wind, which shelters us and provides safe haven for birds who will take cover in high wind.
As viewed from Mt Dandenong.
Croydon ridgeline is the dark patch behind the factory roof tops of the flat plains of Kilsyth. It is a valuable and significant feature of Maroondah and in fact for Melbourne tourism, visitors at Mt Dandenong viewing area across to the City enjoy seeing this ridgeline rather than roof tops. This is only possible by retention of mature trees across this significant landscape area.
Our CCS recently revised Strategic statement states… To all things lawful to preserve, regenerate and restore the natural environment especially the native flora and fauna of Maroondah and the surrounding districts. We invite you to support us through membership or on FB as an associate member, no cost involved.
Also if you have room in your garden for just small prickly shrubs, the tiny birds would love them as safe habitat. Or you can perhaps fit in a tree on your block, great plants are available form Candlebark nursery in Hull Rd, just past Brice Avenue and up the hill.
Champions Arena
Do you have what it takes to be an Australian Champion? Test your sporting skills these school holidays..
Let's Go Australia
We've partnered with the Australian Sports Commission and the Australian Institute of Sport to support the next generation of Australian sporting champions.
Finding Future Champions
Support your local sports clubs and their rising stars by voting for their chance to win a share of over $7,000 in prizes!
Come along to Champion’s Arena on Monday 1 July and meet basketball legend Andrew Gaze!
Andrew Gaze at Champions Arena!
By Warren Strybosch
The age pension is income support paid by the government with the aim of ensuring all retirees have a minimum level of retirement income.
A person may be eligible for the age pension if they meet the following three tests:
• Are age pension age
• Satisfy residency rules
• Have income and assets below the cutout thresholds
The payment rates and thresholds are indexed each quarter and current rates are available from a financial planner or Centrelink.
If receiving the age pension, all changes to personal and financial circumstances need to be advised to Centrelink. This includes switching investments, gifting money or changes to personal circumstances e.g. separating from a partner.
Age Pension Age
Age pension age is determined by your date of birth as shown in the following table.
Date of Birth Qualifying Age
1 July 1952 and 31 December 1953 65.5
1 January 1954 to 30 June 1955 66
1 July 1955 to 31 December 1956 66.5
1 January 1957 and later 67
Residency Rules
To be eligible a person must usually have been an Australian resident for at least 10 years, with at least five of these years in one continuous period.
Agreements exist with some countries which may help a person to qualify for the age pension with less than 10 years residency. Details can be checked with Centrelink.
Income and Assets Test
If eligible to apply, the amount of pension payable is calculated under two means tests – the income test and assets test. The test that results in the lower rate of payment is the one that applies.
Income Test
If income is below a certain amount (lower threshold) the full age pension is payable under the income test. The
& RETIREMENT & AGED CARE
Age Pension
pension will reduce by $0.50 per fortnight (single or couple combined) for each $1.00 of income over the threshold. No pension is payable if income reaches the upper cut-off threshold.
The lower thresholds are indexed on 1 July each year. The cut-off thresholds also increase on 20 March and 20 September in line with payment increases.
Assessable income may not be the same as actual income or taxable income. Specific rules apply to determine how much income is assessed on some investments. The most common rule is deeming, and this is explained below. The rules for how other sources of income are assessed can be checked with a financial planner or Centrelink.
Assets Test
Assets need to be below a certain amount (lower threshold) to qualify for the full age pension under the assets test. The pension will reduce by $3.00 per fortnight (single or couple combined) for each $1,000 of assets over the threshold. No pension is payable once assets reach the upper cutoff threshold.
The lower thresholds are indexed on 1 July each year. The cut-off thresholds also increase in March and September in line with pension increases.
Assets are assessed at net market value but some assets are exempt, such as the home and superannuation (accumulation phase) under age pension age.
Deeming Rules
Investments classified as ‘financial assets’ will be subject to the deeming rules to determine the assessable income for the income test. The actual income is irrelevant.
Financial assets include:
• Cash
• Bank accounts/term deposits
• Debentures and bonds
• Shares
• Investments in managed funds
• Insurance bonds
• Account Based Pensions (special rules may apply if purchased before 1 January 2015)
• Superannuation balances if you are over age/service pension age
• Loans
• Excess gifts over $10,000 per annum or $30,000 per rolling five year period
The value of your financial assets is added together and a deemed rate of interest (set by the government) is applied
Pension Concession Card
A Pensioner Concession Card is available if you receive the age pension and entitles you to reduced-cost medicines under the Pharmaceutical Benefits Scheme.
You may also be entitled to various concessions from the Australian Government. These could include:
• Bulk billing for doctor's appointments (this is your doctor's decision)
• Higher refunds for medical expenses through the Medicare Safety Net
• Assistance with hearing services
You may also be entitled to various concessions from state and territory governments and local councils. These could include:
• Reductions on property and water rates
• Reductions on energy bills
• Reduced fares on public transport
• Reductions on motor-vehicle registration
• Free rail journeys
Other Entitlements
A pension supplement is added to the pension payable to help with living expenses. A person who is renting a home may also be eligible for Rent Assistance to help with the cost of renting.
Part of the Find Group of Companies
www.findretirement.com.au
Financial Planning, SMSF, Super, Insurance, PreRetirement & Retirement Planning (Financial Planning) are offered via Find Wealth Pty Ltd ACN 140 585 075 t/a Find Wealth, Find Insurance and Find Retirement. Find Wealth Pty Ltd is a Corporate Authorised Representative (No 468091) of Alliance Wealth Pty Ltd ABN 93 161 647 007 (AFSL No. 449221).Part of the Centrepoint Alliance group( www.centrepointalliance.com.au/ fsg/aw )
Warren Strybosch is Authorised representative (No. 468091) of Alliance Wealth Pty Ltd.
This information has been provided as general advice. We have not considered your financial circumstances, needs or objectives. You should consider the appropriateness of the advice.You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.
Whilst all care has been taken in the preparation of this material, it is based on our understanding of current regulatory requirements and laws at the publication date. As these laws are subject to change you should talk to an authorised adviser for the most up-todate information. No warranty is given in respect of the information provided and accordingly neither Alliance Wealth nor its related entities,employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information.
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We have made it cheaper and easier for you to get your returns completed & you can do it all from the comfort of your own home.
Here are the steps involved:
1. Email to info@findaccountant.com.au requesting your PAYG return to be completed. Provide us with your full name, D.O.B and address
2. A Tax engagement letter will be emailed to you for signing via your mobile (no printing or scanning required).
3. You will be then sent a tax checklist to complete online. Takes less than 5 minutes.
4. We will then require you to upload your documents to our secure portal.
5. Once we have received all your documentation, we will complete the return.
6. We will email you the completed return with our invoices. Once you sign the return and pay the invoice we will lodge the return on your behalf.
1300 88 38 30
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Email your artwork to editor@findmaroondah.com.au If you wish us to create your ad, we will do this for a minimal cost. Go to www.findmaroondah.com.au/graphic-design to upload your details and we will create this for you.
If you have any questions, contact the editor on 1300 88 38 30 or Email warren@findmaroondah.com.au
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HELPING TO PROTECT YOU AND YOUR FAMILY
At
Melbourne’s Best Kept Parenting Secret
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DR JOANNA STRYBOSCH
OSTEOPATHY
Osteopathy in Australia is a government registered, allied health profession. Osteopaths focus on improving the function of the neuro-musculoskeletal system (bones, muscles, nerves and connective tissues) to optimise health and well-being.
Joanna is highly qualified and experienced in the osteopathic assessment and treatment of babies and infants.
She can assist with the following assessments:
• Gross motor development (milestones)
• Primitive reflexes
• Tongue function and it’s relation to sucking skills
• Biomechanics of the jaw and mouth
LACTATION CONSULTING
IBCLC lactation consultants are recognised around the world as the experts in lactation care. They provide evidencebased knowledge to assist mothers to establish and maintain breastfeeding. As professionals, they are charged with promoting, protecting and supporting breastfeeding.
Joanna can help with a broad range of lactation consulting services, including:
• Teaching a new mum how to hold and position her baby to breastfeed
• Assess the suck, swallow and breathing of an infant
• Assess for tongue function and determine any evidence of restriction (tongue tie)
• Pre and post-frenectomy breastfeeding support
• Help increase or decrease milk supply
Rooksy is coming back for 2024/25!
Part of the founding family of Eastfield Cricket Club Liam is excited to be at the nest again.
After a positive season with the gloves and the bat Rooksy who is a much loved figure around the club will be looking to go bigger and better in 2024/25!
We are excited to have him on board again!
Benny Taylory Re-commits!
After a strong season in 2023/24 Benny Taylor is recommitting to Eastfield to continue his growth and take his game to another level.
An opening bowler who is more than handy with the bat we are excited to see Benny get after it this season.
Josh is staying at the nest in 2024!
2023/24 was a break out season for Josh winning the first XI bowling average.
Josh has come through the Eastfield junior program and developed his skills in all aspects of the game along the way.
We are looking forward to another big season from Josh, picking up where he left off and taking his game to another level again.
Ringwood Bowls Club Inc.
Congrats to Jeff one of our brand new bowlers in winning the Taylor Bowls Australia challenge pictured here with asst coach Tony. Gaining lots of knowledge and some progressing to play in social bowls on a Saturday and large majority putting up their hand to play pennant for the first time next season. This squad will be continuing right up to the end of July so 5 more weeks to go. Thanks again to our amazing sponsor The Dorset Hotel
Eastfield Cricket Club
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Simply upload your ad at www.findmaroondah.com.au/nfp-free-advertising or you can email the ad to the editor@findmaroondah.com.au and we will do the rest for you.
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