Find Knox 2022 - June Edition

Knox The

JUNE 2022

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WHAT’S INSIDE:

04

LOCAL STORIES

05

COLUMNIST ARTICLES

16

TAX UPDATES

18

REAL ESTATE - RENTAL LISTINGS

20

KNOX COUNCIL NEWS

22

NOT-FOR-PROFITS EVENTS & ARTICLES

36

FIND FAITH

36

FIND BIRTH, DEATHS, & MARRIAGES

38

FIND COUPONS

SUPPORT LOCAL, BUY LOCAL, DISCOVER KNOX

Mt

CRAIG ANDERSON General Insurance 0418 300 096 sales@heightsafetyinsurancebrokers.com.au

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PL ATINUM SPONSOR

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JUNE SPONSOR

COLUMNIST CONTRIBUTORS FOUNDER | ACCOUNTANT

WARREN STRYBOSCH

GENERAL INSURANCE

CRAIG ANDERSON

FACILITATOR

WRITER

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BOOKKEEPER

ARCHITECT

MORTGAGE BROKER

ELECTRICIAN

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FINANCE BROKER

LIFE COACH

PAINTING AND DECORATING

MARKETING

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Life Coach?

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ELECTRICAL OPERATIONS

TRAVEL AGENT

PLUMBING

SOLICITOR

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Are you our next Travel Agent?

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Knox The

EDITORIAL ENQUIRES: Warren Strybosch | 1300 88 38 30 editor@findknox.com.au PUBLISHER: Issuu pty Ltd POSTAL ADDRESS: 248 Wonga Road, Warranwood VIC 3134 ADVERTISING AND ACCOUNTS: editor@findknox.com.au GENERAL ENQUIRIES: 1300 88 38 30 EMAIL SPORT: sport@findknox.com.au WEBSITE: www.findknox.com.au

OUR NEWSPAPER The Find Knox was established in 2019 and is owned by the Find Foundation, a Not-For-Profit organisation with is core focus of helping other Not-For-Profits, schools, clubs and other similar organisations in the local community - to bring everyone together in one place and to support each other. We provide the above organisations FREE advertising in the community paper to promote themselves as well as to make the community more aware of the services these organisations can offer. The Find Knox has a strong editorial focus and is supported via local grants and financed predominantly by local business owners.

ALL THINGS KNOX

The City of Knox is a local government area in Victoria, Australia in the eastern suburbs of Melbourne. Knox had a population of approximately 136,230 as at the 2019 Report which includes 13,072 business and close to 59,000 households. The City of Knox was created through the amalgation the former Cities of Ringwood and Croydon in December 1994.

ACKNOWLEDGEMENT The Find Knox acknowledge the Traditional Owners of the lands where Knox now stands, the Wurundjeri people of the Kulin nation, and pays repect to their Elders - past, present and emerging - and acknowledges the important role Aboriginal and Torres Strait Islander people continue to play within our community.

DISCLAIMER Readers are advised that the Find Knox accepts no responsibility for financial, health or other claims published in advertising or in articles written in this newspaper. All comments are of a general nature and do not take into account your personal financial situation, health and/or wellbeing. We recommend you seek professional advice before acting on anything written herein.

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NEXT ISSUE Next Issue of the Find Knox will be published on Thursday July 8, 2022. Advertising and Editorial copy closes Friday July 3, 2022.

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About the Find Knox

By Warren Strybosch

The Find Knox is a community paper that aims to support all things Knox. We want to provide a place where all NotFor-Profits (NFP), schools, sporting groups and other like organisations can share their news in one place. For instance, submitting up-and-coming events in the Find Knox for Free.

We do not proclaim to be another newspaper and we will not be aiming to compete with other news outlets. You can obtain your news from other sources. We feel you get enough of this already. We will keep our news topics to a minimum and only provide what we feel is most relevant topics to you each month.

We invite local council and the current council members to participate by submitting information each month so as to keep us informed of any changes that may be of relevance to us, their local constituents.

We will also try and showcase different organisations throughout the year so you, the reader, can learn more about what is on offer in your local area.

To help support the paper, we invite local businesses owners to sponsor the paper and in return we will provide exclusive advertising and opportunities to submit articles about their businesses. As a community we encourage you to support these businesses/columnists.

Without their support, we would not be able to provide this community paper to you.

Lastly, we want to ask you, the local community, to support the fundraising

energy price hikes after 'perfect storm' Dominic Giannini (Australian Associated Press)

A spike in gas prices, liquid fuels and electricity have created a perfect storm within Australia’s energy market.

Treasurer Jim Chalmers says the failure of the Liberal government to land an energy policy and put in place infrastructure for renewables has made the domestic market less resilient.

“This is the chickens coming home to roost when it comes to almost a decade now of climate change and energy policy failure from our predecessors,” he told reporters in Canberra.

“Our first responsibility in times like this is to implement our Powering Australia plan, so we can boost renewables and storage but most of all boost certainty so we can get that investment flowing … to make our energy markets more predictable.”

Dr Chalmers says the spike in gas prices has multiple causes and no easy

solutions as he plans discussions with regulators and other ministers to manage increasing costs. “There is no simple mechanism that would immediately take this pressure off the gas price,” he said.

“These challenges will not be addressed overnight but it’s important we work hard together to address them.” Deputy Prime Minister Richard Marles says the cost of living and rising energy prices remain key concerns for the government, with some families struggling to afford turning on the heaters.

“We are very well aware of that,” he told the Nine Network. “It is not something we can solve overnight but we will be working very hard with the policies we’ve put forward to get the energy policy settled. “Renewables are going to take a long time. No one is saying it’s not important but that’s going to take some time.”

As Labor looks to address the issue, more

initiatives that we will be developing and rolling out over the coming years.

Our aim is to help as many NFP and other like organisations to raise much needed funds to help them to keep operating.

Our fundraising initiatives will never simply ask for money from you.

We will also aim to provide something of worth to you before you part with your hard-earned money. The first initiative is the Find Cards and Find Coupons – similar to the Entertainment Book but cheaper and more localised.

Any NFP and similar organisations e.g., schools, sporting clubs, can participate.

Follow us on facebook (https://www. facebook.com/findknox) so you keep up to date with what we are doing.

We value your support, The Find Knox Team.

than 80,000 customers could face energy price hikes of more than double, the CEO of smaller power retailer ReAmped says.

Luke Blincoe says he is being upfront with customers by telling them the retailer cannot offer them the best deals, with wholesale electricity costs higher than retail prices. “We thought we would be upfront and tell our customers (that) to get the best deal they would have to leave us. It is gutting for us but it’s the right thing to do,” he told Nine Network.

Mr Blincoe said Russia’s invasion of Ukraine and the exposure of Australia’s domestic gas market to global gas prices resulted in rocketing rises. “The wholesale energy price is effectively set by the gas price and the Australian gas price has now effectively doubled with the global commodity price for gas,” he said.

“We’ve seen a really, really steep incline.

As late as the last seven days, it has really rocketed away. That’s the driver of the energy prices.” The Australian Energy Regulator has a dedicated price comparison website, Energy Made Easy, which shows offers allowing residential customers to save about $443, or 24 per cent, off their bills. Small businesses can save about $1308, or 29 per cent, by switching.

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LABOR WINS

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- What Does That Mean For Australia?

By Warren Strybosch

The Labor Party’s victory ends almost a decade of conservative government.

In a triumphant speech to supporters in Sydney, Labor leader Anthony Albanese boldly promised action on global warming, indigenous rights and sluggish wage growth. He said he wanted to “promote unity and optimism, not fear and division.”

In his victory address, Albanese said Australia – which currently relies on coal for most of its electricity - has the opportunity to make fundamental changes.

“Together we can end the climate wars. Together we can take advantage of the opportunity for Australia to be a renewable energy superpower,” Albanese said. “Together we can work in common interests with business and unions to drive productivity, lift wages and profits.”

From humble beginnings living with just his mother in state-subsidized housing, Albanese will be his country’s 31st prime minister. He said he hoped his journey would inspire “Australians to reach for the stars.”

eligible to vote, Labor picked up a large percentage of preference votes from the Coalition who placed Labor ahead of Greens.

It is estimated around a third of voters did not support either of the two main parties. Analysts have said non-aligned lawmakers, many of whom are women who are seeking action on climate change and integrity in politics, could wield significant power in the new parliament.

Australia’s outgoing center-right coalition government suffered a humiliating defeat in the polls and Scott Morrison has stepped aside as leader. The Liberals will need to take time to consider where they went wrong. Was it simply that they had been in government for 10 years and it was time to have a change or is there other greater underlining issues that the Liberals will need to combat before they return to the polls in four year’s time.

The final win for the Labor Party comes as Mr Albanese announces his ministry, following the first Labor caucus of the new government.

The 47th Parliament of Australia will be made up of 77 Labor seats, 58 Coalition seats, four Greens seats and 12 other crossbenchers.

Labor had enough seats to govern in its own right, but with 76 it would have needed to find a speaker from the crossbench.

Whilst Labor party only received about 33% of the primary votes from the more than 17 million Australians who were

“For the last two parliaments, for the majority of the time, the government, the previous government had the majority

but they still needed to talk to the crossbench because they are very tight numbers and whether it is 76 or 77, in this parliament would still be tight,” Ms Sharkie said.

Australians are now waiting to see what Albanese and his team will do to get Australian back on track. With a large Australian debt, an ever increasing cost of living, and an interest rate looking to rise significantly over the next 12 months, Labor will have plenty of challenges on their hands as they begin their time in government.

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JUNE 2022 | FIND KNOX

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Business Interruption – AICOW (Additional Increased Cost of Working)

GENERAL INSURANCE

By Craig Anderson

Additional increases in cost of working which arise during a period of interruption to a business, can be covered under a business pack policy.

The cost of removal and relocation of stock and equipment after a shop is storm damaged for example, is additional to normal operating costs.

As it is a necessary expense incurred as a result of an insured occurrence, costs may be covered if the AICOW option is selected. An appropriate sum insured, and time period also need to be selected. Hire costs for emergency shuttering or hoardings, generator hire, or even temporary security patrol costs, to name a few items which may be covered.

Many business owners are well versed in the main Business Interruption section of their policy, and realise they are reliant on their location for passing trade. Even a temporary relocation due to a fire or

storm may cause a plunge in revenue, and so they are keen to cover their gross profit or gross revenue depending on which option is best. Due to the tendency to often overlook the AICOW costs which may be incurred as a result of a total or partial loss, the client could suffer financially. The default level of cover offered in your average business pack is usually only $25k for a year, and can be increased to meet your needs.

If your business premises could take 2 years to rebuild after a total loss, and it is necessary to relocate until the replacement building is completed, you will need to allow an adequate sum to refit other premises to meet your needs. Remember that there will be time spent on planning applications, building permits, possible problems with re-zoning, and construction delays with bad weather or supply of materials or trades.

We all imagine that if the premises we rely on for our living are destroyed, that they will be back in a year; however this

is very rarely ever the case. In fact, 2 years can be too short a period depending on size, type, location, and complexity of the building.

The simple solution is to sit down with your broker and examine your position carefully; it may just save you a load of money and heartache.

For a health check of your business insurance, contact Small Business Insurance Brokers via email: sales@ smallbusinessinsurancebrokers.com.au Any advice in this article has been prepared without taking into account your objectives, financial situation or needs. Because of that, before acting on the above advice, you should consider its appropriateness (having regard to your objectives, needs and financial situation).

Craig Anderson GENERAL INSURANCE Small Business Insurance Brokers www. heightsafetyinsurancebrokers.com.au 0418 300 096

Stolen generations payments in Vic: ATO factsheet

By Warren Strybosch

The ATO has published a fact sheet on the tax treatment of lump sums paid by the Victorian Government under the Stolen Generations Reparations Package and Stolen Generations Funeral Fund. The ATO says such payments by the Victorian Government to a Stolen Generations member are not taxable. Accordingly, these payments do not need to be shown in the tax return for a Stolen Generations member because they are not taxable.

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Deeming Rates to be frozen for two years

By Warren Strybosch

Labor and the Coalition have announced that they will freeze the social security deeming rates for the next two years. The Prime Minister said about 450,000 Age Pensioners and 440,000 other social security recipients would benefit from this measure. The lower deeming rate will be frozen at 0.25% for financial investments up to $53,600 for single pensioners and $89,000 for pensioner couples. The upper deeming rate will remain at 2.25% on investment assets over the amount of $53,600 (or $89,000 for couples). The Opposition Leader said Labor would also freeze the deeming rates for two years.

Call to Protect Aussies from Crypto Scams Marion Rae (Australian Associated Press)

Consumer advocates are urging the incoming Labor government to rein in the unregulated cryptocurrency industry as a reform priority.

“Choice is hearing from many Australians about financial loss and other harm caused by purchasing crypto assets that were not what they appeared to be,” the consumer group’s spokesman Patrick Veyret said on Tuesday.

“We’ve seen a number of recent collapses of exchanges where people have lost all of their savings with no ability to get their money back.”

A national survey released by Choice shows more than one in nine Australians (12 per cent) have bought cryptocurrencies such as Bitcoin or Ethereum in the past 12 months, setting them up for steep losses if they fled the market during the recent crash.

Another 11 per cent of Australians are interested in purchasing digital currencies, the survey found.

A majority of those surveyed agreed that cryptocurrency trading should have consumer protections similar to trading on the stock market.

Aggressive marketing and promotion campaigns by the crypto industry, often involving celebrities and influencers, are luring Australians into purchases.

Choice has also seen a surge in scams on crypto exchanges.

In 2021, the Australian Competition and Consumer Commission received more than 10,000 reports of crypto scams from consumers with losses totalling about $129 million.

Last December, Australian exchange MyCryptoWallet collapsed leaving more than 20,000 consumers out of pocket as $21 million evaporated.

In January 2019, Australian exchange ACX.io suddenly collapsed and wiped out $10 million.

In both these collapses, consumers have no recourse for compensation, Choice said.

The Australian Securities and Investment Commission has limited powers to take action under current laws.

Market manipulation of the pricing of digital currencies is also a concern.

Research by the University of Technology, Sydney Business School found more than 350 “pump and dump” events on two exchanges over a seven-month period, with extreme price distortions and abnormally high trading volumes in the millions of dollars.

Manipulators encourage thousands of followers on social media or encrypted message apps to buy the coin, and then sell the overvalued cryptocurrency. The price falls and everyday investors lose out.

Choice has made a submission to the new federal government calling for urgent reforms.

“Australians expect the same level of consumer protection and regulatory oversight for crypto assets as they do with other financial products,” Mr Veyret said.

CRYPTO REFORM WISHLIST 1. Exchanges that sell or are in control of cryptocurrencies need to be subject to strong legal obligations, including market integrity rules, reporting requirements, and a ban on market manipulation.

2. People should have strong consumer protections when purchasing crypto assets, including the prohibition of misleading and deceptive conduct and unfair contract terms.

3. A “no loopholes” regulatory regime should capture all crypto asset providers and digital assets, including currencies and non-fungible tokens (NFT).

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Are you a Financial Planner looking for more clients?

Grow your Financial Planning Business with great integrity and sensitivity by providing advice to those requiring Aged Care Services.

List in our Find Aged Care Accommodation Website Are you an Established and experienced Financial Planner providing Aged Care Advice?

Find Aged Care Accommodation is seeking professional ‘aged care’ accredited financial planners to provide advice to those seeking aged care advice in their local area. Are you accredited and can help work with clients to find the best aged care options? Are you able to work with their loved ones and help make the process of transitioning into aged care less daunting and complex? If so, consider listing on our website.

List with us, and we will get you promoted through our website, social media, and local community papers.

Why not consider joining the Find Network as a specialist Aged Care advisor and obtain referral leads from the rest of the Find Network members in your area?

To learn more about these new opportunities, contact Warren on 1300 88 38 30 or email info@findagedcareaccommodation.com.au visit our website at www.findagedcareaccommodation.com.au

JUNE 2022 | FIND KNOX

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Flu Prompts Urgent Appeal For Blood Donors Phoebe Loomes (Australian Associated Press)

Australians are being urged to roll up their sleeves and donate blood as a burgeoning flu season causes supplies to plummet.

Some 17,500 people are urgently needed to donate blood within the next week or stocks could fall to just two days worth by midweek, according to Australian Red Cross Lifeblood.

The fall in stocks of A, O and B stocks has been caused by cancellations and no shows amid the cold, flu and COVID-19 season, Executive Director of Australian Red Cross Lifeblood Cath Stone said.

“We know people are sick with cold and flu. We know people’s children are unwell and keeping donors at home,” Ms Stone said.

“We have 15,500 blood donations booked in for the next week, but based on current cancellations and no-shows, we know a large number of these won’t result in a donation.”

“And we know many people are still having to isolate due to COVID.

Even without cancellations, there remain thousands of appointments still to be filled, Ms Stone said.

“We are pleading with anyone who is well and healthy to book a donation today and encourage your friends and family to do the same.

“There are patients in hospital right now who are relying on blood for cancer treatment, surgery, accidents and complicated births,” she said.

People wanting to donate blood can book an appointment at lifeblood. com.au, on the DonateBlood app or by calling 13 14 95.

Number of appointments needed across Australia: •

NSW – 4500

•

ACT – 800

•

VIC – 4500

•

TAS – 600

•

QL – 4000

•

NT – 200

•

WA – 1900

•

NA – 17,500

•

SA – 1400

Phoenixing – Directors Banned

By Warren Strybosch

ASIC has successful banned a Tasmanian director who engaged in illegal phoenixing for several years.

Between 2014 and 2018, Mr Robert John Walker was a director of Tazzy Tyres Wholesale, Tazzy Tyres Accessories, Tazzy Tyres Retail and Tazzy Tyres Pty Ltd. The companies provided retail sales of, and services related to tyres.

Mr Walker engaged in illegal phoenix activities, whereby he transferred the assets of indebted companies to other companies for no consideration, namely Tazzy Tyres Accessories and Tazzy Tyres.

He also failed to maintain proper financial records for all four companies.

ASIC disqualified Mr Robert John Walker of Rosetta, Tasmania, from managing companies for five years and as a resultof breaching his director’s duties for his involvement in four failed companies, has been disqualified from managing corporations for five years after engaging in illegal phoenix activity.

“At the time of ASIC’s decision, the four companies owed unsecured creditors $1,944,418 including $855,121 owed to the ATO,” ASIC said.

“In disqualifying Mr Walker, ASIC relied on supplementary reports lodged by the liquidator of the four companies, Barry Hamilton of Barry Hamilton and Associates.”

Mr Walker is disqualified from managing corporations until 2 May 2027.

Mr Walker has the right to seek a review of ASIC’s decision by the Administrative Appeals Tribunal.

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List Your Aged Care Facilities with Find Aged Care Accommodation Today.

Help the local community know you exist and what sets you a part compared to other aged care facilities, Financial Planners and other providers in the local area.

We have developed Find Aged Care Accommodation (www.findagedcareaccommodation.com.au) so you can promote your facilities and services to the general public. You can also place any job vacancies on our website that is available in your facilities.

For more information, please contact us at 1300 88 38 30 or email info@findaccommodation.com.au.

Company Tax Rates are changing but not everyone is eligible.

Did you know that reduced tax rates may be available to eligible entities? These include companies, corporate unit trusts and public trading trusts.

If your company is a 'base rate entity', your company tax rate is 25% from the 2021–22 income year onwards.

For your company to be a 'base rate entity', it needs to meet the following eligibility criteria: • • •

Your aggregated turnover for the income year is less than the aggregated turnover threshold (which is $50 million from the 2018–19 income year onwards, or $25 million for the 2017–18 income year).

If your company earns passive income, it cannot exceed 80% of the company's assessable income in that income year. Passive income can include: corporate distributions and their franking credits; royalties and rent; most income from interest; gains on qualifying securities; and a net capital gain.

The full company tax rate of 30% applies to all companies that are not eligible for this lower company tax rate.

The rates are different for previous years and different rules apply.

Go to https://www.ato.gov.au/rates/changes-to-company-tax-rates/ to learn more.

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Minimum Pension Drawdown Rates for FY 22-23 Provides Relief to Retirees. income needs,” he said.

“In most cases, where you have previously chosen the minimum pension amount, the fund will automatically apply the 50 per cent reduction, so it’s a matter of assessing whether [it] still meets their needs with regards to cost of living pressures and the like.”

While this recent announcement is simply an extension of the current temporary rules, to ensure the optimal outcome for clients, it is important to understand that the legislation halves the drawdown rates themselves.

RETIREMENT

By Warren Strybosch

The reduction in the superannuation drawdown rate for another 12 months will enable retirees to cope better with the volatility in investment markets, SMSF Association deputy chief executive Peter Burgess says.

The Morrison government first introduced a reduction in the minimum annual required for account-based pensions,

annuities and market-linked pensions during the pandemic in 2020. However, as many retirees and SMSFs continue to be hit by losses in financial markets the government has extended the measure for 12 another 12 months.

For clients with APRA-regulated funds, Mr Burgess said it was worth keeping an eye on any communications the client received from the fund explaining how they would apply the measure.

“Planners will need to work with their clients to determine whether the minimum pension still meets their client’s

For example, the normal 5 per cent drawdown factor for the recipient of an account-based pension aged 65–74 is now 2.5 per cent.

It is important for pensioners to make sure they do not fail the minimum draw down pension rules, especially those who operate their own SMSF. If a client requires more than the minimum, then they will need to notify their advisor or the pension provider that they will require a fixed amount rather than the minimum drawdown amount set by government.

List Your Aged Care Facilities with Find Aged Care Accommodation Today Help the local community know you exist and what sets you a part compared to other aged care facilities, Financial Planners and other providers in the local area.

We have developed Find Aged Care Accommodation (www.findagedcareaccommodation.com.au) so you can promote your facilities and services to the general public. You can also place any job vacancies on our website that is available in your facilities.

For more information, please contact us at 1300 or email info@findaccommodation.com.au

88 38 30

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ASIC takes Online influencer to court

By Warren Strybosch

In our April edition we wrote about the new laws surrounding influencers; notably, that ASIC has warned social media influencers that they may face substantial risks and penalties if they promote financial products and services online.

different share trading accounts, held in the names of friends and relatives, to manipulate the share price of 20 different listed stocks.

or a fine of up to $765,000, or both.

ASIC has previously warned about social media led ‘pump and dump’ campaigns.

Recently, ASIC has taken an influencer to court and they have been convicted of charges under s1041D of the Corporations Act, in relation to their online posts on HotCopper.

“ASIC continues to act against this form of market manipulation that threatens the integrity of markets. Posting on social media to coordinate ‘pump and dump’ activity in listed stocks is an offence under the Corporations Act,” the corporate regulator stressed.

ASIC is serious about stopping influencers posting ‘general advice’ via social media in relation to financial products and services. Stating you are providing the advice under the guise of ‘general advice’ or that you are doing so as a ‘financial counsellor’ will also not suffice.

If you do not hold the appropriate financial planning qualifications and/ or have an Australian Financial Services Licence, then you should not be providing this type of advice. Not only does this apply to influencers but also to mortgage brokers selling personal insurances and accountants providing superannuation advice.

In a statement issued by the corporate regulator, it confirmed that on 6 June 2022, Gabriel Govinda, known online as Fibonarchery, pleaded guilty to 23 charges of manipulation of listed stocks on the Australian Securities Exchange and 19 charges of illegal dissemination of information relating to the manipulation.

ASIC found that between September 2014 to July 2015, Mr Govinda used 13

It also noted a concerning trend of social media posts being used to coordinate ‘pump and dump’ activity in listed stocks, which may amount to market manipulation in breach of the Corporations Act. Mr Govinda faces a maximum penalty for each charge of 10 years' imprisonment

In March 2019, the maximum penalty for these offences was increased to 15 years.

ASIC has provided enough warnings to all of these groups and now are pursuing them in court.

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Don’t Double Dip Your Deductions This Tax Time ACCOUNTANT

By Warren Strybosch

The Australian Taxation Office (ATO) is reminding people not to make the mistake of double dipping their deductions in their tax return this year.

Assistant Commissioner Tim Loh explained “Around 8.4 million Australians claimed nearly $19.8 billion in workrelated expenses in 2021. That’s a lot of deductions so we want to make sure you get it right the first time. It’s important you claim what you’re entitled to – no more, no less.”

When people prepare their tax return, it’s important to remember the rules for claiming different types of workrelated expenses. What can be claimed depends on the type of job, individual circumstances, and whether there are the required records to support the claim.

“While some people make genuine mistakes, we do see people trying to gain an unfair advantage by claiming incorrect or false expenses. A mistake that we often see in tax returns is people claiming expenses twice.”

“You wouldn’t double dip your chip, so don’t double dip your deductions” Mr Loh said.

“Remember, we use sophisticated data analytics to monitor for incorrect information and you risk being audited or penalised for deliberately providing incorrect information.”

Below are some ‘double dipping’ mistakes the ATO sees when people lodge their tax returns each year.

Working from home expenses and the shortcut method “One in three Aussies claimed working from home expenses in their tax return last year and we expect this trend to continue” Mr Loh said.

A common mistake we see is people using the working from home shortcut method to claim their working from home expenses and then double dipping, claiming additional amounts in their return for expenses such as their mobile phone and internet bills, as well as the decline in value of equipment and furniture.

When the working from home shortcut method is used to claim working from home expenses, it is all-inclusive.

There are three methods available to claim a deduction for working from home expenses depending on individual circumstances, the shortcut, fixed rate and actual cost methods. The method that gives people the best outcome can be used, as long as the eligibility and record-keeping requirements for their chosen method are observed.

Taxpayers can use the home office expenses calculator to help them work out which method will give them the best outcome.

“While the traditional methods require receipts, paperwork and other record keeping, the shortcut method only requires a record of hours worked – diary entries or timesheets will suffice,” Mr Loh said.

When claiming working from home expenses using the shortcut method, the amount needs to be included at the Other work-related expenses question in tax returns with ‘COVID-hourly rate’ in the description field.

If a method other than the shortcut method is used in later years and you want to claim depreciation for an expensive purchase such as a laptop, the correct records for that item must be kept.

“Getting your tax return right is simple if you have the right records. Make sure you have your records before you lodge your tax return and keep your records after you’ve lodged, in case we have

any questions. The easiest way to keep track of your records is with the ATO app” Mr Loh said.

“Even if you choose to lodge your tax return with a registered tax agent, it is still your responsibility to make sure the agent has all the correct records” explains Mr Loh. Car expenses Nearly 3 million people claimed workrelated car expenses in 2021 and one of the most common mistakes was people using the cents per kilometre method to make their claim, and then double dipping by claiming expenses separately such as fuel, car insurance, and registration.

The cents per kilometre rate is allinclusive and covers decline in value, registration, insurance, maintenance, repairs, and fuel costs. These expenses can’t be added on top of the rate when calculating deductions.

The ATO will also be taking a closer look at claims calculated using the logbook method, to ensure they reflect people’s circumstances coming out of the pandemic.

“You must choose your preferred method when calculating car expenses, the cents per kilometre or the logbook method. Just because there is a dip in the road, doesn’t mean you can double dip your car expenses” Mr Loh said.

Reimbursed expenses Finally, the ATO is making sure taxpayers aren’t claiming expenses where they have already been reimbursed by their employer.

“If your boss has reimbursed your drycleaning costs for your uniform, but you then claim laundry deductions on your tax return, well you’re picking your neighbours’ pockets” Mr Loh said.

For more information visit ato.gov.au/ deductions [Source: ato.gov.au]

At Find Accountant, we provide SMSF tax advice. Our senior accountant is also an award-winning financial advisor. If you require SMSF advice or are considering whether or not to wind up your SMSF, then speak to Warren Strybosch at Find Accountant Pty Ltd.

Warren Strybosch You can call them on 1300 88 38 30 or email info@findaccountant.com.au | www.findaccountant.com.au

www.findknox.com.au

JUNE 2022 | FIND KNOX

Work begins on rebooting digital economy Marion Rae (Australian Associated Press)

13

Australian businesses who could be providing goods and services have been missing out on billions of dollars of government contracts, according to Labor. A Made in Australia Office is expected to be established within the prime minister’s own department to support local firms.

Labor has also promised to fix the reach and quality of the NBN and keep it in public ownership, with 90 per cent of Australians to have access to world-class gigabit speeds by 2025.

Australia’s peak body for innovation technology has called for a digital economy minister to be appointed within the Labor cabinet to urgently fix the crippling skills shortage.

“Our sector could easily employ 1.5 million Australians in the next few years if the government addresses our skills shortage and supports the sector,” Australian Information Industry Association (AIIA) CEO Ron Gauci said.

The proposed role would oversee policy and regulation of the tech sector, promote new training and education, and make Australia a leading digital government so the nation can achieve top 10 digital economy status by 2030.

Australia has dropped on the World Intellectual Property Organisation’s Global Innovation Index during the Morrison government, having fallen five places to 25 over the past three years.

The sector fights for staff in a global talent pool, and risks the loss of groundbreaking ideas to rival economies without internationally competitive research, tax and investment policy settings. Commercialisation of Australian intellectual property needs greater support to continue to deliver growth and jobs in Australia, ensuring our IP is not sold overseas, Mr Gauci said.

Australian Computer Society president Nick Tate said Labor’s plans to build an advanced manufacturing sector will require a strong national investment in digital skills as well as incentives for business to invest in emerging technologies. Under the Future Made in Australia policy, Labor pledged to provide up to $15 billion of capital through loans, equity and guarantees to projects in resources, agriculture, transport, medical science, defence technology, and renewable energy and low emissions technologies.

Civica executive Ben Cowling says the ambitious reform agenda for the social housing, health and care sectors depends on accelerating the pace of digital transformation across public services.

The Insurance Council has urged Labor to reset policy to bolster the resilience of Australia’s digital environment, including a sustainable cyber insurance market.

The AIIA is calling for a separate research and development software tax incentive and an expansion of the limited scope of a “patent box” proposed by the previous government.

The planned patent box would have taxed business income from Australian medical and biotechnology patents at a concessional rate of 17 per cent, effective July 1. But ex-Treasurer Josh Frydenberg failed to pass the 2021/22 budget measure into law before the end of the last parliament.

SUPER GUARANTEE CHANGES TO TAKE AFFECT 1ST JULY 2022 Employers are reminded that from 1 July 2022, that all employees can be eligible for super guarantee (SG), regardless of how much they earn.

The $450 per month eligibility threshold related to SG has been removed and so every dollar earned will now attract SG. However, employers need only to pay super for workers under 18 when they work more than 30 hours in a week.

The ATO also reminded employers that the SG rate will also increase from 10% to 10.5% on 1 July 2022. As a result, employers will need to use the new rate to calculate super on payments made to employees on or after 1 July, even if some or all of the pay period is for work done before 1 July.

JUNE 2022 | FIND KNOX

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FIND KNOX | JUNE 2022

www.findknox.com.au

Personal Insurances: What is it and are you wasting your money on it?

FINANCIAL PLANNING

By Warren Strybosch

Last year I met with a couple who were in the early fifties. They wanted to review their financial situation to make sure they were on the right track leading into retirement. As part of their pre-retirement planning, we had to review their personal insurances. Whilst this was not an area, they had considered needing reviewing, it is an important part of their planning to get right. Why? Simply put, insurances cost money. It is either being paid for out of cash flow or it is being paid for from superannuation. At the end of the day, your personal insurances premiums will have an impact on how much you will have in retirement. On the flip side, if you don’t have enough insurances in place and you suffer an illness and/or injury, you might have to sell some of your assets to help cover future costs or the loss of income because of sustaining a said injury or illness. The loss of assets prior to retirement can have a devasting impact on one’s future retirement aspirations.

My analysis of the couple’s situation was that, whilst they had enough assets e.g., two investment properties and plenty of superannuation, they still should consider holding on to their Income Protection at the very least. They had discussed cancelling all of their insurances as they did not feel the need to hold on to it anymore; after all, they had two investment properties.

During my review, I referred the clients on to a mortgage broker to refinance their investment loans.

Whilst they were refinancing their loans, even the mortgage broker encouraged them to hold on to their income protection and life insurance until they either had paid off their loans or had reach retirement age.

The outcome, the couple believed they could self-insure and made the decision to cancel all their insurances.

Selfinsure, as it states, is where you decide to use your own assets or have a plan in place to cover any future insurable costs without the need to rely on any insurance – basically, they were going alone on this.

Unfortunately, for the couple, strategy struck. Two years later, the wife was

diagnosed with terminal cancer. The couple had to sell both investment properties to help cover medical bills and the associated costs of trying to battle the horrible disease. They ended up losing all their assets they had built up during their working life. It was horrible to watch her struggle with the cancer and it was made worse that they were now worried about their future livelihoods.

A few years back, a different client, that I had inherited from another financial advisor, rang me up and wanted to cancel all his insurance cover immediately. The male client, in his sixties, was very irate and accused me of not helping him last year when he had suffered a mild heart attack. Given the insurer told him recently he was not entitled to a payout, he told me what he thought of me and what I could do with the insurances.

I acknowledged he was upset, apologized for my lack of service that I provided to him last year (even though I could not recall speaking to him) and proceeded to ask him a few questions. I learned he had undergone surgery and had a stent put in one of his arteries. Whilst I was talking to him I looked up his policy and discovered he had income protection in place and trauma plus cover.

I asked the client if I could enquire with the insurer on his behalf because I felt that he might be able to put a claim in.

The client was incredulous that I believe he might be entitled to something. He was angry and reiterate the claim had already been denied. I explained that I felt he might be entitled to a part

payment and that his income protection might also come into play. He admitted he had not enquired about the income protection but was very dubious about the part trauma payment. Even though he was not impressed with me he allowed me to make some enquires on his behalf. We agreed I would call him back as soon as I heard something.

I rang the insurer and enquired about his heart attack and whether a full claim was payable. The insurer had his information on file and as they had explained to the client, he was not entitled to a trauma payment. I then proceeded to ask about a partial payment because of the ‘trauma plus’ part of the policy. Ironically, the insurer did not pick up that he had ‘trauma plus’ and agreed that under ‘trauma plus’ the client might be entitled to a part claim. I then enquired about his Income Protection as well, and sure enough, the client had never made a claim under his Income Protection even though he had many months off work due to his heart attack.

I rung the client back up and explained what I had found and that not only did I believe he would be entitled to a partial payment, but I also felt he might be entitled to an Income Protection claim.

The client was still annoyed and thought I might be making all of this up but was willing to go along with the process – he did not want to take the chance of missing out in case I might be right.

To shorten this story, the end result was that the client was not entitled to one partial trauma payment but in fact two

www.findknox.com.au

JUNE 2022 | FIND KNOX

partial trauma payments as he had two stents put in at over a period of 12 months. Also, he was entitled to many months of Income Protection payments.

The result was that he received well over $200,000 in payments. A year later, he had another heart attacked and received the full trauma payout resulting in another $250,000 in payments.

To my surprise, after several conversations with him, the client admitted that he had never spoken to me in the past and had only dealt directly with the insurer. I was relieved because I make it my point to try and look after clients who are going through a trauma event. I am now invited to pop in anytime to visit him and his family. I could bring up many more stories related to personal insurances.

My intention here is to highlight the

importance of having personal insurances or at least the right amount of cover in place. Also, having a financial advisor, who has had experience in this space can not only save you money but may be able to help you at claim time get what your entitled too.

Over the proceeding months I will go through the four main personal insurances: Income Protection, Trauma Cover, Life cover and Total and Permanent Disability.

I will talk about the pros and cons of having each type of cover and hopefully help you to, at the very least, give some thought as to whether you need to make any timely changes to your own personal insurance. After all, you might be wasting your money, or you might be risking your money in the future. You won’t know until you take a look.

15

This information is current as at June 2022. This article is intended to provide general information only and has been prepared without taking into account any particular person’s objectives, financial situation or needs (‘circumstances’). Before acting on such information, you should consider its appropriateness, taking into account your circumstances and obtain your own independent financial, legal or tax advice. You should read the relevant Product Disclosure Statement (PDS) before making any decision about a product. While all care has been taken to ensure the information is accurate and reliable, to the maximum extent the law permits, Alliance Wealth and its related bodies corporate, or each of their directors, officers, employees, contractors or agents, will not assume liability to any person for any error or omission in this material however caused, nor be responsible for any loss or damage suffered, sustained or incurred by any person who either does, or omits to do, anything in reliance on the information contained herein.

You can call them on 1300 88 38 30 or email info@findinsurance.com.au www.findinsurance.com.au

Special Tax Return Offer $99 Returns - PAYG Only We have made it cheaper and easier for you to get your returns completed & you can do it all from the comfort of your own home.

Here are the steps involved: 1. Email to returns@findaccountant.com.au requesting your PAYG return to be completed. Provide us with your full name, D.O.B and address.

2. A Tax engagement letter will be emailed to you for signing via your mobile (no printing or scanning required).

3. You will be then sent a tax checklist to complete online. Takes less than 5 minutes.

4. We will then require you to upload your documents to our secure portal.

5. Once we have received all your documentation, we will complete the return.

6. We will email you the completed return with our invoices. Once you sign the return and pay the invoice we will lodge the return on your behalf.

1300 88 38 30 Important: This offer is only available new clients to Find Accountant Pty Ltd. Liability limited by a scheme approved under Professional Standards Legislation

Commonwealth Seniors Health Card: increase in income threshold Both Labor and the Coalition have announced that they will increase the income test threshold for the Commonwealth Seniors Health Card (CSHC) from 1 July 2022. The Prime Minister said the CSHC income test threshold for singles will be increased from $57,761 to around $90,000 (and from $92,416 to $144,000 for couples). The Opposition Leader said Labor would also widen eligibility for the CSHC in line with the Government’s announcement.

JUNE 2022 | FIND KNOX

15

2022 TA

Small business skills and training boost

Small businesses will get an additional tax deduction on top of the allowable deduction for training their employees. Announced in the 2022 Federal Budget, a business with aggregated turnover of less than $50

Announcement(29-Mar-2022)

million will be entitled to claim a 120% deduction for eligible expenditure. Eligible expenditure refers to

Consultation

external training courses delivered to a business’s employees by a registered training organisation in Australia.

Introduced Passed Royal Assent

The skills and training boost is available from 7:30pm (AEDT) on 29 March 2022 until 30 June 2024.

Date of effect

COVID-19 tests to be tax deductible The cost incurred in taking a COVID-19 test will be tax deductible for individuals as long as the test was used for a work-related purpose. Although there was an argument to be made that an employee taking a

Announcement(28-Mar-2022)

COVID-19 test for work was already deductible under general provisions, the government has legislated it

Consultation

to provide certainty. Also, expenditure incurred by an employer to provide their employees with these tests for admittance to work will be exempt from Fringe Benefits Tax.

Introduced(30-Mar-2022) Passed(30-Mar-2022) Royal Assent Date of effect(1-Jul-2021)

The new law takes effect from 1 July 2021.

ATO scrutiny of family trust arrangements On 23 February 2022, the ATO released TR 2022/D1 and PCG 2022/D1 in relation to distributions made by trustees of discretionary trusts. This was complemented by TA 2022/1, which discusses parents benefitting from the trust entitlements of the adult children. All 3 documents focus on schemes where income is diverted from an intended beneficiary in order to reduce tax liabilities. The rulings discuss these at detail and include significant attention to an important carve out for dealings that are “ordinary family or commercial” dealings.

These dealings are excluded from the anti-avoidance provisions. Trustees need to make sure that their

Announcement(23-Feb-2022) Consultation period(29-Apr-2022) Released

distributions are in accordance with the expectations of the ATO, otherwise they may be subject to an audit.

Helping them understand their obligations is paramount coming up to the end of the current income year.

Low and middle income tax offset The low and middle income tax offset (LMITO) was introduced in the 2018 Federal Budget to commence from 1 July 2018. The offset runs in conjunction with the low income tax offset as a targeted reduction of income tax for Australian residents. Originally due to run over 4 years, in the 2020 Federal Budget phase 2

Announcement(8-May-2018)

of the 3-phase 7-year income tax plan was brought forward. This effectively put an end date on LMITO of

Consultation

30 June 2021. In the 2021 Federal Budget it was announced that LMITO would be extended to the 2021–22

Introduced(30-Mar-2022)

income year. In the 2022 Federal Budget, the government increased LMITO for its final year by $420. However, unlike previous increases of LMITO, the final increase is available to all individuals below $126,000 in taxable income. The maximum LMITO of $1,500 is available in 2021–22 for Australian residents on incomes between

Passed(30-Mar-2022) Royal Assent(31-Mar-2022) Date of effect(1-Jul-2021)

$48,000 and $90,000 and will tapers off to $420 for individuals with a taxable income of $126,000.

Potential end for Div 7A and sub-trust arrangementsa A draft determination has changed the ATO’s position on how sub-trust arrangements apply within the context of Div 7A. Effectively, when a corporate beneficiary and trustee of the trust are ultimately the same people, Div 7A will apply directly to unpaid present entitlements (UPEs). The assumed provision of financial

Announcement(23-Feb-2022)

accommodation in practice means that sub-trust arrangements will have no benefit when it comes to

Consultation period(29-Apr-2022)

deferral of tax or repayments of loans. When finalised, the determination will apply from 1 July 2022. A

Released

consultation period has recently been extended to 29 April 2022 and stakeholders are encouraged to have their say with the ATO.

AX UPDATES One-off cost of living payment for social security recipients

Individuals who are currently in receipt of an Australian government allowance or pension will receive a one-off payment of $250 to ease the cost of living pressures. Certain concession card holders will also get the payment. Originally announced in the 2022 Federal Budget, this one-off payment has been legislated

Announcement(29-Mar-2022) Consultation Introduced(30-Mar-2022)

through parliament and will be exempt from tax. The payment will also be exempt from counting towards

Passed(30-Mar-2022)

and individual’s income for social security purposes. It is expected that the payments will flow through to

Royal Assent(31-Mar-2022)

eligible recipients from 28 April 2022.

Date of effect(29-Mar-2022)

One-off cost of living payment for social security recipients Individuals who are currently in receipt of an Australian government allowance or pension will receive a one-off payment of $250 to ease the cost of living pressures. Certain concession card holders will also get the payment. Originally announced in the 2022 Federal Budget, this one-off payment has been legislated

Announcement(29-Mar-2022) Consultation Introduced(30-Mar-2022)

through parliament and will be exempt from tax. The payment will also be exempt from counting towards

Passed(30-Mar-2022)

and individual’s income for social security purposes. It is expected that the payments will flow through to

Royal Assent(31-Mar-2022)

eligible recipients from 28 April 2022.

Date of effect(29-Mar-2022)

SA COVID-19 stimulus and relief package Throughout the COVID-19 pandemic, the South Australian Government has implemented a range of stimulus payments for residents and businesses.

From December 2021, density restrictions in place may have meant that your client may have experienced a decline in turnover.

These support measures included: •

automatic payments for those also that previously received the COVID-19 Tourism and Hospitality Support Grant

•

automatic payments for gym who qualified for the Additional COVID-19 Business Support Grant

•

one-off grants for other eligible businesses that experienced a reduction in turnover, and

•

new grants available for major events that were cancelled or postponed.

Announced: 26-Mar-2020 Updated: 6-Apr-2022

In the 2022 Federal Budget, a number of South Australian grants were added to the non-assessable nonexempt list, meaning they are tax free for businesses who received them.

For previous measures that were in place in South Australia, refer to our state COVID-19 page.​

One-off cost of living payment for social security recipients In its response to the current COVID-19 lockdowns across August 2021, the Queensland Government implemented support grants for businesses across the state. The support packages were jointly funded by the Commonwealth and Queensland governments. Grants of up to $15,000 were available to eligible small and medium businesses across all industries. Support payments of up to $30,000 were available to large hospitality and tourism businesses impacted by the border closure. Applications for this grant closed in November 2021. A recent announcement by the federal government makes the 2021 COVID-19 Business

Announced: 8-Apr-2020 Updated: 8-Apr-2022

Support Grant non-assessable non-exempt income. A COVID-19 cleaning rebate of up to $10,000 is still currently available for eligible small and medium businesses and not for profit organisations. Applications for the cleaning rebate are available until 30 June 2022.

JUNE 2022 | FIND KNOX

17

REALESTATE JUNE 2022

REALESTATE

FIND AUSTRALIA’S #1 PLACE FOR PROPERTY

HOUSE OF THE MONTH

Free RENTAL LISTING Advertising for Real Estate Agents

Email your Rental Listings to Find Knox each week and we will update your Listing in the online community paper for FREE.

If you have questions, contact Warren on 1300 88 38 30 or email: editor@findknox.com.au JUNE 2022 | FIND KNOX

19

JUNE 2022 JUNE 2022 REALESTATE

Concession cardholders in Knox have until 30 June, to apply for free desexing for their cats and dogs.

We were awarded a $25,000 grant from the Victorian Government to deliver the Pet Desexing Program in our community.

This program will help more residents gain access to essential services for their cats and dogs. Up to 150 cats and dogs will be desexed through this initiative.

Providing support for pet desexing will help address the concern of unwanted litters in our community.

Free Desexing For Pets

Desexing pets also supports their health and wellbeing by reducing behavioural problems such as aggression, and lowers the chances of certain diseases and illnesses such as mammary cancer.

In 2020/21, we impounded 296 cats and kittens, and 326 dogs and puppies.

Only 21% of cats and 84% of dogs were reclaimed by their owners.

Apply for this free desexing service at our animal pound, Animal Aid by 30 June 2022.

Apply now to be a stallholder or vendor at Stringybark Festival Stallholders, food vendors, performers, presenters and artists are warmly invited to apply to take part in Stringybark Festival 2022.

Celebrating Our Backyard, the event will showcase all things home-made, homegrown, outdoors, playful and local to Knox.

Event details: • Sunday 16 October • 10am-4pm • Rowville Community Centre • 40 Fulham Rd, Rowville.

Expressions of interest are open until 3pm on Friday 8 July.

More information

JUNE 2022

Not only do they play an important role in stormwater management, they provide an important habitat for birds, frogs, turtles, native eels, fish and our local platypus colony.

Transforming Stamford Park Work has started on a $9.5 million project to transform parkland surrounding the historic Stamford Park Homestead in Rowville.

Knox Mayor Cr Susan Laukens said the major transformation would allow even more people to enjoy this iconic Rowville landmark.

Expanded wetlands will have shared walking and cycling paths, boardwalks and landscaping and revegetation works, including a lookout tower and village green for community events.

There will be a specially-designed habitat for our local platypus colony.

“Our vision is to transform this area to enhance and preserve the wonderful natural environment for our community to access more easily,” she said.

“The wetlands and adjoining creek at Stamford Park are vital for our environment.

“A network of new shared paths and boardwalks will open up this 36 hectares of parkland so that residents and visitors can enjoy and explore this unique and precious part of Knox.”

The Stamford Park project has already seen the extensive restoration of the historic Stamford Park Homestead and gardens, and development of an intergenerational adventure playground.

Council is contributing $8.9 million, with Melbourne Water’s Liveable Communities, Liveable Waterways Program contributing $600,000 towards the project.

Works are expected to be completed by the second half of 2023.

Women Leading Locally The Victorian Government is inviting women to apply for their Women Leading Locally program to develop leadership skills and campaign as candidates in council elections. Applications close 28 June 2022.

A total of 120 places will be offered in this new community leadership program.

Women aspiring to stand for local council election in 2024 will be given priority.

Applications are open to women of all ages and backgrounds. Women with a strong passion for their community are encouraged to apply.

The program will provide participants with the knowledge and skills to succeed in local leadership roles. Upon completion, participants will receive a formal Certificate in Community Leadership and Governance (Local Government).

The Victorian Government has set a target of having at least 50 per cent women

women councillors and mayors in local government by 2025. This program was developed to help more women step into community leadership roles.

Women Leading Locally information session Book now JUNE 2022 | FIND KNOX

21

Are you Not-For-Profit in Knox Area?

Advertise your events for FREE on the following pages.

Are you a NFP with an up-and-coming event? If so, email your event to editor@findknox.com.au and we will place it in the paper for FREE.

Knox

SUPPORT YOUR LOCAL

NOT-FOR-PROFIT

Knox

Westfield Knox is one of the largest shopping centres in Melbourne. Located at the foothills of the Dandenong Ranges approximately 25 kilometres east of the CBD, it is easily accessed by major arterial roads, including the Monash and Eastern Freeways. The centre currently caters to a trade area population of approximately 478,000 people, with a total accessible market of 2.2 million residents.

The centre is home to a range of Australia’s most well-known retailers including Myer, Kmart, Target and Coles. There is also a Village Roadshow cinema complex and a broad mix of retailers including over 380 specialty retailers.

Westfield Living Centres are open and trading. Visit your local centre website for the most up-to-date retailer information and opening hours as these will vary for each state and territory.

o hS p

Eat

Flight Centre: Travel Runway is now on Travel Runway, a collection of some of the world’s most tantalising travel experiences is streaming now.

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You won’t want to miss a second.

What are you waiting for? Come on an adventure now.

Terms and conditions *Terms & conditions apply. Please visit flightcentre.com.au/p/travel-runway for full entry details.

Lowes: 20% off King Gee, Yakka and Ruggers •

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20% off Ruggers shorts including Big Men's sizes

Why not ‘Pay as you wear’ with the Lowes Zero Card. Flatten your expense curve by paying off your Lowes purchases over 12 months.

Terms and conditions *T&C’s: Styles may vary from store to store, while stocks last. Cannot be used with any other offer or discount. Start: 9th June End: 26th June

Hairhouse: Spend & Save now on Spend & Save is now on at Hairhouse!

Save up to 20% off storewide when you stock up on your favourite brands like Halo, De Lorenzo, ghd and more! T&Cs apply.

Terms and conditions T&Cs apply. Visit https://www.hairhouse. com.au/offers

JUNE 2022 | FIND KNOX

25

RETIREMENT

LIFESTYLE

ACCOMMODATION

RETIREMENT ADVICE

RETIREMENT We will look after your financial affairs so you can enjoy your retirement.

WHO WE ARE

WHERE WE WORK

Find Retirement is a part of the Find Group of companies offering Retirement Planning, Accounting, Super, and Insurance service to our clients.

We service clients throughout Melbourne, Bendigo and Geelong and surrounding areas. With access to the internet it does not matter where you live.

WHAT WE DO We don’t sell proucts but provide simple retirement planning solutions.

Bendigo | Geelong | Melbourne

info@findretirement.com.au

Mon - Fri: 9am - 5:30pm

www.findretirement.com.au

1300 88 38 30

Sat: 10am -1pm

Sun: CLOSED

This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on the information contained in this publication. Superannuation, tax and Centrelink and other relevant information is based on our interpretation and continuation of law current as at the date of this document. The information contained in this document does not constitute legal or tax advice. You should seek expert advice in this regard. Warren Strybosch, Find Wealth Pty Limited ABN 20 140 585 075 trading as Find Retirement, Corporate Authorised Representative No. 236815 of ClearView Financial Advice Pty Ltd ABN 89 133 593 012, AFSL No. 331367.

www.findknox.com.au

JUNE 2022 | FIND KNOX

27

Minimum Pension Drawdown Rates for FY 22-23 Provides Relief to Retirees. income needs,” he said.

“In most cases, where you have previously chosen the minimum pension amount, the fund will automatically apply the 50 per cent reduction, so it’s a matter of assessing whether [it] still meets their needs with regards to cost of living pressures and the like.”

While this recent announcement is simply an extension of the current temporary rules, to ensure the optimal outcome for clients, it is important to understand that the legislation halves the drawdown rates themselves.

RETIREMENT

By Warren Strybosch

The reduction in the superannuation drawdown rate for another 12 months will enable retirees to cope better with the volatility in investment markets, SMSF Association deputy chief executive Peter Burgess says.

The Morrison government first introduced a reduction in the minimum annual required for account-based pensions,

annuities and market-linked pensions during the pandemic in 2020. However, as many retirees and SMSFs continue to be hit by losses in financial markets the government has extended the measure for 12 another 12 months.

For clients with APRA-regulated funds, Mr Burgess said it was worth keeping an eye on any communications the client received from the fund explaining how they would apply the measure.

“Planners will need to work with their clients to determine whether the minimum pension still meets their client’s

For example, the normal 5 per cent drawdown factor for the recipient of an account-based pension aged 65–74 is now 2.5 per cent.

It is important for pensioners to make sure they do not fail the minimum draw down pension rules, especially those who operate their own SMSF. If a client requires more than the minimum, then they will need to notify their advisor or the pension provider that they will require a fixed amount rather than the minimum drawdown amount set by government.

List Your Aged Care Facilities with Find Aged Care Accommodation Today Help the local community know you exist and what sets you a part compared to other aged care facilities, Financial Planners and other providers in the local area.

We have developed Find Aged Care Accommodation (www.findagedcareaccommodation.com.au) so you can promote your facilities and services to the general public. You can also place any job vacancies on our website that is available in your facilities.

For more information, please contact us at 1300

88 38 30

or email info@findaccommodation.com.au

JUNE 2022 | FIND KNOX

27

PAGE

PROFESSIONAL SERVICES

PROFESSIONAL SERVICES Special Tax Return Offer $99 Returns - PAYG Only We have made it cheaper and easier for you to get your returns completed & you can do it all from the comfort of your own home.

Here are the steps involved: 1. Email to warren@findaccountant.com.au requesting your PAYG return to be completed. Provide us with your full name, D.O.B and address.

2. A Tax engagement letter will be emailed to you for signing via your mobile (no printing or scanning required).

3. You will be then sent a tax checklist to complete online. Takes less than 5 minutes.

4. We will then require you to upload your documents to our secure portal.

5. Once we have received all your documentation, we will complete the return.

6. We will email you the completed return with our invoices. Once you sign the return and pay the invoice we will lodge the return on your behalf.

1300 88 38 30 Important: This offer is only available new clients to Find Accountant Pty Ltd. Liability limited by a scheme approved under Professional Standards Legislation

INDEX PROFESSIONAL SERVICES • • • • • • • • • •

Architect ------------------------------ 00 Find Accountant ----------------- 28 Financial Planning ------------- 00 Find Insurance -------------------- 29 Bookkeeping ---------------------- 00 Editor|Copywriter --------------- 00 General Insurance ------------- 29 Life Coach --------------------------- 00 Signages ------------------------------ 00 Mortgage Brokering ----------- 00

TRADIES - FREE ADVERTISING Email your artwork to editor@findnetwork.com.au If you wish us to create your ad, we will do this for a minimal cost.

Go to www.findknox.com.au/graphic-design to upload your details and we will create this for you.

The Dimensions of the Ads are: 53 x 98 mm - 1/8 Small Size

139 x 96 mm - 1/4 Page Portrait

If you have any questions, contact the editor on 1300 88 38 30 or Email editor@findnetwork.com.au *Available until your category is taken when a Tradie joins the Find Network Team.

PAGES

PROFESSIONAL SERVICES

HELPING TO PROTECT YOU AND YOUR FAMILY At Find we can help you find the ‘right’ personal insurance. Our aim is to help you obtain and retain the personal insurances that are appropriate for you and at cost that you can afford.

Personal Insurances Include: • Income Protection (IP) • Life Insurances or Death Cover • Total and Permanent Disability (TPD) • Trauma Insurance or Critical Illness Insurance • Business Expense Cover • Child Trauma Cover

Find Wealth t/as Find Insurance Corporate Authorised Representative (No.468091) of Clearview Financial Advice Pty Limited ABN 89 133 593 012 No. 331367

When your insurance are in place, our services do not stop there. We will provide you with an after care service that includes policy notifications, insurance report, help desk, reviews and help at claim time.

We provide ourselves in providing honest advice that you can rely on.

1300 88 38 30

warren@findinsurance.com.au

www.findinsurance.com.au

248 Wonga Road, Warranwood VIC 3134

General Insurance We specialise in the following:

We DO NOT provide advice or quotes for the

• Business Pack Insurance

following (you need to go direct and save):

• Professional Indemnity

• Car Insurance

• Public Liability - Business related only

• Home & Contents

• Landlord Insurance

• Caravan

• Height Safety Insurance

• eBikes

We work with only the most reputable insurers to bring you a range of insurance options for you to choose from:

When it comes to General Insurance, Find Insurance provides a referral service to Find Business Insurance. Find Insurance provides general information only and we do not offer general insurance advice. We refer all general insurance enquiries to Craig, a licensed Authorised Representative (No. 001248230) of Focus Insurance Brokers AFSL 426797. Craig is able to provide general insurance advice to you. You should always seek professional advice before making financial decisions. This material is not intended to constitute personal advice and must not be relied on as such. This material is of a general nature only and has been prepared without taking into account your individual objectives, financial situation or needs. You should consider the appropriateness of this material having regard to your objectives, financial situation and needs and consider obtaining independent advice. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read

Visit Us Here

the information they can provide. If you are unsure you should get independent advice before you apply for any product or commit to any plan.

Australia’s Trusted Height Safety Insurance Brokers Height Safety Insurance Brokers Trust the insurance experts in covering your business against risks and losses. Let us create a specialised program for you to ensure any overlooked issues are covered. If you’d like us to handle insurance renewal get in touch with our friendly team. We also offer free assessments of your current program so you can make an informed decision for your business’ wellbeing.

www.heightsafetyinsurancebrokers.com.au

CRAIG ANDERSON GENERAL INSURANCE

0418 300 096 | sales@heightsafetyinsurancebrokers.com.au

ABN: 26689211803

Small Business Insurance Broker is a registered business name for the Trustee for The Anderson Kerr Family Trust, (Height Safety Insurance Brokers Pty Ltd, a Corporate Authorised Representative (AFS Representative Number 0012482300) of Focus Insurance Brokers AFSL 426797.

JUNE 2022 | FIND KNOX

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PAGES

LOCAL TRADIES

TRADIES - FREE ADVERTISING Are you a Tradie? Need referrals?

Consider joining the Find Manningham Network group.

If you have any questions, contact Warren on

Warren Strybosch 1300 88 38 30

INDEX PROFESSIONAL SERVICES • Coffee Machine Machine -- 00 • Builder ----------------------------------- 00 • Electrician ----------------------------- 00 • Painter ----------------------------------- 00 • Plasterer -------------------------------- 00 • Property Maintenance ------- 00

editor@findknox.com.au

TRADIES - FREE ADVERTISING Email your artwork to editor@findknox.com.au If you wish us to create your ad, we will do this for a minimal cost.

Go to www.findknox.com.au/graphic-design to upload your details and we will create this for you.

The Dimensions of the Ads are: 53 x 98 mm - 1/8 Small Size

139 x 96 mm - 1/4 Page Portrait

If you have any questions, contact the editor on 1300 88 38 30 or Email warren@findknox.com.au *Available until your category is taken when a Tradie joins the Find Network Team.

PAGES

LOCAL TRADIES

TRADIES - FREE ADVERTISING Email your artwork to info@findnetwork.com.au. If you wish us to create your ad, we will do this for a minimal cost. Go to www.findyarraranges.com.au/graphic-design to upload your details and we will create this for you.

The Dimensions of the Ads are: 53 x 98 mm - 1/8 Small Size

139 x 96 mm - 1/4 Page Portrait

If you have any questions, contact the editor on 1300 88 38 30 or Email info@findnetwork.com.au *Available until your category is taken when a Tradie joins the Find Network Team.

JUNE 2022 | FIND KNOX

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PAGES

HOME & GARDEN

BUSINESSES Do you provide Home and Garden services in the Manningham region?

If you have any questions, contact Warren on

Warren Strybosch 1300 88 38 30

INDEX PROFESSIONAL SERVICES • Specialist Tree Services ------- 00 • Interior Design ---------------------- 00 • Mowing --------------------------------- 00 • Building Inspection -------------- 00 • Nursery ---------------------------------- 00 • Flooring --------------------------------- 00

editor@findknox.com.au

TRADIES - FREE ADVERTISING Email your artwork to editor@findknox.com.au If you wish us to create your ad, we will do this for a minimal cost.

Go to www.findknox.com.au/graphic-design to upload your details and we will create this for you.

The Dimensions of the Ads are: 53 x 98 mm - 1/8 Small Size

139 x 96 mm - 1/4 Page Portrait

If you have any questions, contact the editor on 1300 88 38 30 or Email warren@findknox.com.au *Available until your category is taken when a Tradie joins the Find Network Team.

PAGES

HEALTH & BEAUTY

BUSINESSES Do you provide Health and Beauty services in the Manningham region?

If you have any questions, contact Warren on

Warren Strybosch 1300 88 38 30

editor@findknox.com.au

*Available until your category is taken when a Tradie joins the Find Network Team.

INDEX PROFESSIONAL SERVICES • Lactation Consultant ----------- 00 • Hair Dresser --------------------------- 00 • Chiropractor ------------------------- 00 • Beauty Theraphy ------------------ 00 • Gym --------------------------------------- 00 • Massage Therapy ---------------- 00

TRADIES - FREE ADVERTISING Email your artwork to editor@findknox.com.au If you wish us to create your ad, we will do this for a minimal cost.

Go to www.findknox.com.au/graphic-design to upload your details and we will create this for you.

The Dimensions of the Ads are: 53 x 98 mm - 1/8 Small Size

139 x 96 mm - 1/4 Page Portrait

If you have any questions, contact the editor on 1300 88 38 30 or Email warren@findknox.com.au *Available until your category is taken when a Tradie joins the Find Network Team.

JUNE 2022 | FIND KNOX

33

We invite a representative from each sporting club to submit team selections, results and any interesting stories relating to your club/sports.

For inquiries call 1300 88 38 30 or email editor@findknox.com.au

SPORTS

Do you have Photos from a local sports event or even a great story you would like to share?

SEND US YOUR NEWS! For enquiries call 1300 88 38 30 or email editor@findknox.com.au

JUNE 2022 | FIND KNOX

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JUNE 2022

FREE ADVERTISING Religious Groups and Churches Services Times Public Notices

Knox 1300 88 38 30 editor@findknox.com.au

Religious Practitioner Stories & Services

FREE Advertising is available related to Sercives Times, Public Notices, and Fundraising Advertising.

SEND US YOUR NEWS! For enquiries call 1300 88 38 30 or email editor@findknox.com.au JUNE 2022 | FIND KNOX

37

Birth, Deaths & Marriages JUNE 2022

FREE Advertising is available related to Death Notices, Funeral Notices, Births and Marriages.

SEND US YOUR NEWS! Knox

1300 88 38 30 editor@findknox.com.au

Birth, Deaths & Marriages

Free Advertising is available related to Death Notices, Funeral Notices, Births and Marriages.

SEND US YOUR NEWS! For enquiries call 1300 88 38 30 or email editor@findknox.com.au

JUNE 2022 | FIND KNOX

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KNOX

Support your Local Not-For-Profit

Find Coffee

Find Dining

FundRaising

Buy 1 Get 1 Offers

Fine, Contemporary & Bistro

Support Your Local Community

Find Travel & Entertainment Fun for All Ages

Great Local Deals

Find Takeaway

Buy 1 Get 1 FREE Offers Up to 50% Off

Fine, Contemporary & Bistro

FREE

Find Brekky, Brunch, Lunch Cafés & Bistro

Contact your Not-For Profit to obtain your Find Card. Only Find Cards can be in conjuction with the offers and must be presented to participating businesses.

LOCAL COUPONS

31 January 2021 - 31 January 2022

Up to 50% of generated funds goes to Not-For Profit organisation.

FIND CARD LOCAL OFFERS

A S

E L MP

PRESENT VALID FIND CARDS Registration of Find Cards Please go to www.findknox.com.au/register/ Please refer to Page 57

LOCAL COUPONS OFFERS

TABLE OF CONTENTS BUSINESS NAME

CARD NO.

PAGE NO.

FIND COFFEE COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

FIND BREKKY, BRUNCH & LUNCH COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

FIND ENTERTAINMENT COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

FIND TAKEAWAY COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

FIND TRAVEL COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

FIND DINING COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

COMING SOON

CARD NO.

PAGE NO.

Dining

Part of the secret of success is to eat what you like and let the food fight it out inside.

FIND ADVERTISING COUPONS editor@findknox.com.au 1300 88 38 30

S S

M A

M A

E L P

E L P

Brekky, Brunch & Lunch The best memories are made when gathered around the table

FIND ADVERTISING COUPONS editor@findknox.com.au 1300 88 38 30

S

M A

E L P

& Lunch

S

M A

E L P JUNE 2022 | FIND KNOX

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Coffee

COFFEE WITH A FRIEND IS LIKE CAPTURING HAPPINESS IN A CUP.

FIND ADVERTISING COUPONS editor@findknox.com.au 1300 88 38 30

S

M A

S

M A

E L P E L P

Takeaway

You don't need a silver fork to eat good food

FIND ADVERTISING COUPONS editor@findknox.com.au 1300 88 38 30

S

M A

E L P

NEW OFFERS COMING

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Entertainment

Dance is the poetic baring of the soul through motion FIND ADVERTISING COUPONS editor@findknox.com.au 1300 88 38 30

S S

M A M A

E L P E L P

S S

M A

M A

E L P E L P

Coupons &

Any changes or updates to these ‘Terms of Use’ of the

Non-Transfer The barter trade, sale, purchase, or transfer of the Find Coupons &/or Find Cards, by any person or entity, including but not limited to business placing offers in the Find Paper, printers, publishers, and distributors of the Find Coupons /Find Card, is strictly prohibited, unless expressly authorized by Find Pty. Ltd. Find reserves the right to make changes to the participants and their offers at its sole discretion. Members will be notified of these changes via email or via the Site.

The Find Coupons and its Offers are intended for the non-profits use of the individual purchaser of the Find Cards &/or Find Coupons.

Additionally, the use of the Find Coupons &/or Find Cards or any of the Offers placed in our Find Paper, for advertising purpose, in any form of fashion, is strictly prohibited. Any use of a Offers in violation of these Rules will render the Offer VOID, and violators will be prosecuted.

Offers may not be reproduced and are void where prohibited, taxed, or restricted by law. Find, will not be responsible if any establishment breaches its contract of refuses to acccept the Find Cards / Offers with in the Find Paper: we will however, use our best efforts to secure compliance, Find, will not be responsible in the events beyond its control. © 2020 Find.

Find Cards Policy

e Find Cards and/or Find Coupons can be found here.

Valid Periods Find Restaurant, Find Cafe & Find Coffee offers can be used at participating businesses any time except the following days: *Christmas Eve *Christmas Day *Boxing Day * New Year’s Eve *New Year’s Day * Valentine’s Day *Good Friday *Easter Sunday *Mother’s Day. Some restaurant/Cafe/Coffe establishments will have additional terms and conditions on the page where the business is advertising their offer).

Present Find Card You are required to present your Find Card at any participating businesses if you wish to secure the discount or goods/service being offered.

Authentication Code & Customer Signature All Find Cards must display an Authentication Code and a members signature to be deemed VALID. If your Find Cards does not display your signature and the correct code, the business can refuse to provide the discount offer advertised. You will receive your Authentication code after registering your Find Card.

PRESENT VALID FIND CARDS

VALID

Valid Find Cards have four folds and contain six different categories. Valid Find Cards will have its Regions logo sticker placed in the circle at the back and has an Authentication code display in front of the Find Cards

NOT VALID

Find Cards that DO NOT display its Regions Sticker in the circle at the back and DO NOT display an Authentication code in front of the Find Card are INVALID. They will not be accepted at any participating businesses. Also, your signature must be present. You may be asked to present ID to verify that Find Card belongs to you.

Present the Find Card and ID prior to paying bill. Card is Non-Transferable. Each offer corresponds to a number on the card. Number will be crossed off once offer used. This is not a credit or charge card.

Copyright 2022 Find© Pty Ltd.

www.findknox.com.au

JUNE 2022