The new financial year has begun, and with it have come some important changes to superannuation from 1 July 2024. With these changes coming into effect, it’s a good time to give your super a check-up.

The Australian Securities and Investments Commission (ASIC) has issued a scam alert warning consumers that there has been an recent increase in the use of ASIC’s logo in social media scams. ASIC’s warning to consumers covers three main areas of concern.

  The Tax Office will acquire property management records to clamp down on taxpayers misreporting rental income and deductions.

The lower risk profile of small practices means they should not face the same scrutiny as larger ones, the NTAA says.