April 10, 2019 admin

FEDERAL BUDGET 2019 Summary of key measures

The Federal Budget was handed down on 2nd April 2019. Compared to the previous few years, this Budget was not as significant in terms of its overall impact on clients, strategies and the broader industry. There were however some important announcements that may impact you, or may provide you with new opportunities.

It is important to understand that the measures announced in the Budget are proposals only and will not become law until legislation is passed.

Given an election announcement is imminent, it is unlikely that any of these measures will be passed before the election.

We will summarise some of these key measures as they were announced.

TAXATION

Important information and Disclaimer
Although this information has been distributed by Odyssey Financial Management, Corporate Authorised Representative of Total Financial Solutions Australia Limited, it was prepared by GWM Adviser Services Limited (ABN 96 002 071 749, AFSL 230692) (‘GWMAS’), a member of the National Australia Bank group of companies (‘NAB Group’), 105–153 Miller Street, North Sydney 2060. Information in this publication is given to you and in strict confidence as at 2 April 2019.  Any advice in this presentation is of a general nature only and has not been tailored to your personal circumstances. Accordingly, reliance should not be placed on the information contained in this presentation as the basis for making any decision. Please seek personal advice prior to acting on this information. This presentation does not constitute an offer, invitation or recommendation to engage any NAB Group company or to subscribe for or purchase any financial product. While it is believed the information is accurate and reliable, the accuracy of that information is not guaranteed in any way. Opinions constitute our judgement at the time of issue and are subject to change. While care has been taken in the preparation of this flyer neither GWMAS nor any member of the NAB Group, nor their employees or directors, the Adviser, Adviser’s Business, Licensee or its related entities, agents or employees, give any warranty of accuracy, or accept any responsibility for errors or omissions in this document. Any case study in this publication is for illustration purposes only. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.

Corporate Authorised Representative of Total Financial Solutions Australia Limited
ABN 94 003 771 579 AFSL 224954

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This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs.
Because of this, you should consider whether the information is appropriate in light of your particular objectives, financial situation and needs.
Odyssey Financial Management is an authorised representative of Securitor Financial Group Ltd.