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New January 1 laws, changes and costs that affect Aussies

New January 1 laws, changes and costs that affect Aussies There are a raft of changes coming to welfare, health, education and other living expenses. This is what’s coming and how it will affect Aussie families. News by Shoba Rao, Thomas Morgan, Josh Fagan 1st Jan 2021 7:20 AM Premium Content Subscriber only Australians can t holiday overseas yet - but they will be gouged more from today for passports as higher prices and new laws come into force. The Department of Foreign Affairs and Trade confirmed to News Corp passport fees will rise annually on January 1 at the rate of inflation, making a 10-year passport for people aged 16 and over $301, compared to $298 last year.

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Rebuilding and reforming in a year like no other

Date Time Rebuilding and reforming in a year like no other The Morrison Government has this year passed major pieces of legislation to cushion the blow of the COVID-19 pandemic, keeping Australians in jobs, businesses in business and sparking a faster-than-anticipated economic recovery. Despite 2020’s challenges, the Government has also successfully delivered on its promises to cut red tape and improve Australia’s economic competitiveness, with reforms to the tax system, insolvency, financial services and foreign investment. In total, the Government passed more than 40 pieces of legislation in 2020 from the Treasury Portfolio, including: JobKeeper A key feature of the Government’s Economic Recovery Plan is the temporary JobKeeper Payment which has been an economic lifeline to millions of Australians, helping to keep businesses in business and Australians in jobs.

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Time to rest, reflect, plan and improve

Gail Freeman. THIS has been a year like no other. As we move into 2021, I hope you get a chance to relax and use the opportunity to think about how you can improve your business and your personal finances in the coming year. Here are some ideas for you which might help: • Is your technology up to date? Do you need to upgrade? Is your security adequate? Remember, a cyberattack can be really expensive. Do you have cyber insurance just in case? • Your business is probably using single-touch payroll. Changes are scheduled to start on July 1 that will result in more information being provided to the Australian Taxation Office. In addition, closely held companies that may only have one or two employees will have to report payroll using single-touch payroll. You may need to change your processes and programs so that you comply.

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All the changes coming on January 1

Many of us will be happy to put 2020 behind us and embrace a fresh new year. But along with New Year s resolutions comes a raft of new rules, regulations, taxes and some benefits you need to know about. Here are all the changes coming in 2021. COVID-19 VACCINE ROLLOUT The Australian Government is aiming to have as many people vaccinated against COVID-19 as possible in 2021. The first vaccinations will likely be rolled out in Australia in March 2021. Priority groups will get the first available doses, provided they are proven safe and effective, but more people will be have access to a vaccine as more doses become available throughout the year.

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January 1, 2021 changes: Laws, tax, restrictions, rules, incentives coming in

January 1, 2021 changes: Laws, tax, restrictions, rules, incentives coming in
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