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1 July 2009 Legislation Change                                                                                                                           

From 1 July 2009, the Migration Regulations 1994 (‘the Regulations’) are amended to provide Retirement visa holders with full work rights by removing mandatory condition 8104 from the visa.

Current visa holders will not automatically receive the benefit of this change.

Retirement visas granted before 1 July 2009 will still have limited work rights (up to 20 hours per week).  Access to the no work limitation will take effect when the visa holder next renews his or her Retirement visa.

Source  :   www.immi.gov.au

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The strategy :  To work out how the changes to the health insurance rebate affect me.

I suppose it means I’ll be paying more for my health insurance. That’s the gist of it though it will depend on whether Opposition leader Malcolm Turnbull delivers on his threat to block the legislation. As you may have picked up from the federal budget, the Government needs to find savings to fund higher pension payments.

One proposed measure is means testing the health insurance rebate, which currently allows you to claim a tax rebate of 30 per cent of the cost of your health insurance if you’re aged under 65, 35per cent if you’re 65 to 69 and 40 per cent if you’re 70 or older.

Most people ask their health fund to reduce their premiums to take account of the rebate rather than paying the full premium and claiming the rebate in their tax return. For someone under 65, a monthly insurance premium of $250 could be reduced to $175. That won’t change if you earn up to $75,000 if you’re single and $150,000 for families. But if your income is higher, your rebate will be reduced or cut out altogether.

How will that work? Let’s look at singles first. If you earn $75,001-$90,000, your rebate will be reduced to 20 per cent. If you earn $90,001-$120,000, the new rebate will be 10 per cent.

Once your income exceeds $120,000 you will be ineligible for the rebate.

For families, the combined income limits are $150,001-$180,000 for the 20per cent rebate, $180,001-$240,000 for the 10 per cent rebate and the rebate will disappear altogether once family income exceeds $240,000.

All income thresholds will be indexed to wages and will be adjusted for families with one child in the same way that thresholds are already adjusted for determining whether you have to pay the Medicare levy surcharge if you don’t have private health cover. The threshold is currently lifted by $1500 for each dependent child.

The Government says the definition of your income for the rebate will be the same as for the Medicare levy surcharge. Challenger’s head of technical services, Alex Denham, says this definition is changing from July 1 to include your taxable income, reportable fringe benefits, salary sacrificed to super or any personal deductible super contributions made and net investment losses. So higher-income earners won’t be able to use strategies such as salary sacrifice to get or increase their rebate.

Would I be better off dropping my health insurance and paying the Medicare levy surcharge? The proposed measures also include a rise in this surcharge precisely to stop this sort of behaviour.

The 1 per cent surcharge will rise to 1.25per cent once income exceeds $90,000 for singles or $180,000 for couples and to 1.5 per cent for incomes exceeding $120,000 or $240,000. That extra tax may cancel out any savings from dropping your health cover.

MLC’s head of technical services, Andrew Lawless, says a better option may be to make changes to your policy, such as increasing the excess you pay before claiming on the cover or reducing cover on ancillary benefits. However, to avoid the surcharge you must have hospital cover with an excess of $500 or less for singles or $1000 or less for families or couples per calendar year.

When will the changes come in? Not until July 1 next year, so you have time to check the final details if the measures are passed and weigh up your options.

It’s worth noting that the Medicare levy surcharge income limits will be indexed from their current levels of $70,000 for singles and $140,000 for couples to the new $75,000 and $150,000 levels at this time.

Source : www.watoday.com.au

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With more people, not only in Australia but around the world becoming aware of our negative impact on the environment change is coming fast.

  • There are increasing responsibilities for governments and businesses on a global stage                                        Pemberton-Curved-Roof-Cedar2
  • Governments are changing legislations
  • Businesses are making changes
  • People may soon be responsible for their individual carbon footprint
  • Green build homes are no longer a dream of hippies

If you are building a new home, now is the time to make a difference and to be sure your new home is built to emit a low carbon footprint.
Making this choice now not only lessens the impact you have on the environment, it also saves your hip pocket.

Green built homes are solar passive in their design. They reduce heating and cooling costs, use less resources and save you money.
Alternative Living’s solar passive home designs encourage:

  • the sun’s natural light to comfortably heat and cool your home
  • cross ventilation though design layout and positioning
  • a naturally occurring comfortable living space through the use of a thermal mass in the slab of our home designs; reducing extremes in temperature
  • Use compact fluorescent lighting through our entire range of eco-friendly homes, using a staggering 1/5th of the electricity of normal lighting.
  • www.alternativeliving.com.au

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Perth  shops may be staying open until 7pm or 9pm.                                                                                          perth night

Colin Barnett  preference for 9pm is already being challenged by Labor MPs insisting on a 7pm closing time.

Colin Barnett wanting extended shopping hours 9pm, while remaining opposed to relaxing the restrictions on Sunday trading, he needs Labor support to pass the changes. 

National Party leader Brendon Grylls, has stated he will not support the Liberals on any extensions to weeknight trading hours. 

Mr Catania this week circulated a letter to his colleagues urging them not to support more shopping hours in Perth. 

Oppostion feel there is no need to change the current trading hours in WA . 

They feel they will  only benefit Coles and Woolworths , no other retailers will open.

Harvey Norman, Myer and David Jones have stated they will continue to close the doors at 5.30pm they will not change their closing hours.

Four years ago a referendum was held and  rejected to extend trading hours.


 

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POLICE have charged a 17-year-old boy – a former volunteer firefighter – after a spate of more than 20 deliberately lit fires in the Perth Hills this week.

The teenager has been charged with four counts of arson after he was arrested by detectives from the arson squad this afternoon. bush fire

Police say they expect more charges to be laid over the outstanding fires in the Shire of Mundaring on Tuesday and Wednesday.

The arrest comes after a six-month operation between FESA, the Department of Environment and Conservation and the police arson squad targeting arsonists in the Perth foothills

Detective Sergeant David Gorton said police had focused their attention on the teenager since mid-March.

“We will allege that this young man lit two fires (Wednesday) – one in Hovea and one in Parkerville – in the space of about 15 minutes,” Det-Sgt Gorton said.

“The previous charges relate to February this year in Glen Forrest and then March in Parkerville again.”

It is understood the teenager was a volunteer firefighter when he allegedly lit the Glen Forrest and first Parkerville fires, but he resigned from the position two weeks ago.

“No property was damaged in relation to these fires however, some of the fires were lit in close proximity to houses so there was always a danger that given a wind direction change or other circumstances that property could have been damaged,” he said.

“Certainly there was the potential for property and lives to be lost in relation to what he was doing.”
The teenager has also been charged with five counts of making malicious phone calls to 000 earlier this year.

The maximum penalty for bushfire arson convictions is a $250,000 fine and/or 14 years in jail.

www.news.com.au

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