JPL Finance Pty Ltd

22/04/2025

🗳️ Early Voting Begins: What Each Party is Promising Australians

22/04/2025

🗳️ Early Voting Starts NOW! Here’s What the Major Parties Are Promising Australia 🇦🇺

As the federal election approaches on 3 May, we have summarised for you what Labor, the Coalition, and the Greens are pledging 👇

🔬 HEALTH • Labor: $8.5B Medicare boost, cheaper meds, urgent care, women’s & mental health
• Coalition: 20 subsidised psych sessions, youth mental health
• Greens: Add dental + mental health to Medicare

🏡 HOUSING • Labor: 100K affordable homes, 5% deposit scheme, shared equity
• Coalition: Use $50K super for deposit, claim mortgage interest, cut migration
• Greens: Cap rent hikes, end negative gearing perks

💰 COST OF LIVING • Labor: $150 energy credit, tax cuts, free childcare
• Coalition: $1.2K tax offset, fuel excise cut, cheaper meds
• Greens: 50c public transport, free childcare, wipe student debt

⚡ ENERGY • Labor: 82% renewables by 2030, battery discounts
• Coalition: 7 nuclear plants, boost gas supply
• Greens: Ban coal/gas/nuclear, home electrification grants

🧑‍🎓 YOUNG PEOPLE • Labor: Cut HECS by 20%, free TAFE, more Headspace
• Coalition: Restore 20 psych sessions, cut student visas
• Greens: Free uni, wipe all student debt

🛡️ DEFENCE | 🧑‍🤝‍🧑 INDIGENOUS AFFAIRS | 🌍 MIGRATION
• Labor: Boost defence, Closing the Gap support
• Coalition: Royal commission into Indigenous abuse, cut migration
• Greens: Cut defence spend, Truth & Justice Commission, oppose migration caps

🗳️ Voting is open now. Make your voice count.

18/02/2025

📢 RBA Cuts Interest Rates for the First Time in 2025 📉

The Reserve Bank of Australia (RBA) has announced a 25 basis point cut, bringing the cash rate down to 4.10%. This decision aligns with expectations, with 73% of economists predicting a rate reduction.

💡 Key Insights:

🔹 Inflation Easing: Underlying inflation has been declining faster than anticipated.
🔹 Economic Slowdown: Weakening economic activity and global trade risks influenced the decision.
🔹 Labour Market: Despite a tight job market, slowing wage growth suggests room for policy easing.
🔹 Future Rate Cuts? While this move provides relief, economists caution that further cuts will depend on inflation trends.

📌 What This Means for You:

Borrowers may see slight relief in loan repayments.

Businesses could benefit from lower financing costs.

Inflation control remains a top priority for the RBA.

📊 Stay tuned for further updates as the RBA Governor outlines the economic outlook.

🔗 [Source: Miranda Brownlee, RBA announces first interest rate decision for the year – 18 Feb 2025]

30/01/2024

Tax break for every Aussie! Albanese Govt delivers BIGGER tax cuts for ALL, starting July 1st!

More money in your pocket! Up to $2,179 extra for average earners.
Cost-of-living relief! Helps fight rising prices & supports women.

**Fairer tax system!**⚖️ More benefits for middle Australia & low-income earners.

**Fiscally responsible!**✅ Doesn't add to inflation.

17/05/2022

ATO ANNOUNCES AREAS OF FOCUS AT TAX TIME

18/11/2021

Important information for Australian company directors.

You need a director identification number (director ID) if you're a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation.

11/11/2021

‘A shock to the system’: Federal Court spousal asset ruling to impact accountants

A recent judgment heard by the Full Court of the Federal Court will have a profound impact on the way accountants approach matters concerning spousal assets. The matter of Commissioner of Taxation v

05/11/2021

COP26

In the lead up to the COP26 conference on Sunday night Mathhew Cavicchia, IPA's Sustainability and Policy Adviser gives an overview of how important the recommendations will be for the financial industries. Two of the main announcements expected to be made are: The expected launch of the IFRS Inter

05/11/2021

Online retail sales break records, in-store purchases decline.

Online sales hit a record high in September despite lockdowns in NSW, Victoria and the ACT, according to the Australian Bureau of Statistics.

12/08/2021

Tax return amendments on the cards for some COVID-19 disaster payment recipients.

Individuals who received COVID-19 disaster payments in June and have gone on to lodge their tax returns will now need to lodge an amendment after new tax-free laws were passed, the ATO has advised.

11/08/2021

ATO resolves systems issues affecting additional tax on concessional contributions.

The ATO has recently resolved an issue affecting the assessment of funds receiving additional tax on concessional contributions. The ATO has recently issued approximately 30,000 Division 293 assessments for the 2019 and 2020 financial years. Division 293 assessments have been issued due to an ATO

10/08/2021

Parliament passes bill on tax-free COVID-19 support payments

COVID-19 support payments to individuals and businesses will now be tax-free after a new bill was passed by both houses on Monday.