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Australian Universities are highly innefective in financial management. They charge very high fees from both local and international…

My Perception of consulting firms is that consulting firms promote people quicker to get a higher billing rate from the client, so yes…

Because they are both good friends and can refer me should I decide to move on from my current role. I know friend B enjoys his reduced…

Very few in IT stay in a single company to get the benefits of LS leave. I know a guy who accumulated so much LS leave and then he went on…

No, 6 weeks of annual leave is separate from PHs

Hi All, One of my friends (A) is contracting in IT and he gets 90 dollars per hour including super and works 40hr weeks. Another friend (B)…

Just to give an update to whoever was following this; We did the tax return and got about 22,200 tax refund after MLS was deducted.

Thanks, we are slowly expanding our wings :). Bali is surely in our next 3-5 major flying holidays.

Hi all, we are considering options to visit QLD with two kids (8 and 6 years). The kids love water play but not the cold water. From…

Three things; Big development projects are offshored at least 50-50 and this is driven by major employers of the sector to cut down the…

Thanks, I updated the poll option to reflect the correct MLS outcome

Thanks for the comment mate. 15 years ago, there was a time where my wife and I only had less than $4000 in the bank, and both of us…

Thanks for the input, we as a family haven't had income protection insurance and my super does not cover job loss. it covers death, TPD…

Yes, If one of us lost the job for whatever reason, then it'll become a big burden and we'll have to sell the investment property anyway.

Thanks for the link. I will have a second look as if extra super contributions are included for the purpose of MLS calculation, it will…

My wife is happy to give up our current PPOR to reduce the mortgage stress and improve the quality of life in the best time of our lives…

The 70k is already taxed at our top rate and currently sits in our bank accounts. When we put that money into super, we can claim it as a…

Actually, that's a good point there. If we put 70k in super we get back 25k, so essentially we lock out 45k which will grow within super…

It doesnt work like that. The interest can only be claimed for the lowest balance of the mortgage, which is about 240k in our case. even if…

Forgot to mention, we will get a private health cover to avoid MLS next financial year. It will be like breakeven when health insurance…

We’re facing an unusual financial situation due to an unexpected increase in our income this financial year (FY 23/24), plus some…

The Lucky Lotteries Mega Jackpot has gone above 19 million now. There are 200,000 raffle entries to purchase; if someone buys all entries…

Its the initial cost of purchase (stamp duty etc). I think it is not included in the capital gain.

All TAFE's follow a national curriculum. If you look into the course code, there is a national course code that defines what areas are…

The amount claimed under depreciation gets added to CGT liability at the time of sale.…

Yes, when the rate of appreciation dropped to 4% it reduce the profit by a big margin.

Thanks mate. Actually the investment will be shared with wife. So it reduces the CGT paid to the government. Added it under the update 1.

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Thanks for bringing this up. Seems like I used the house price history (which is not the correct one for units)…

Thanks for this hint.