ATO security safeguards for victims of fraud recently enhanced
Enhanced Security Measures for Victims of Identity and Tax Fraud Taxpayers affected by fraud can now set up Strong online access for easier, secure use of ATO services—learn how to protect your account long-term Where a taxpayer has been the victim of identity, tax or super fraud, the ATO may apply security safeguards to their […]
myGovID becoming myID
myGovID is Rebranding to myID: What You Need to Know No action required for users—your login details and access to government services will remain the same after the update The digital identity app ‘myGovID’ will soon be changing its name to ‘myID’. While the name is changing, the login and security will not change. Taxpayers […]
Australia’s Digital ID Act and new Trust Exchange
Australia’s Digital Identity Revolution: Introducing Trust Exchange (TEx) and New Legislation Government Unveils Groundbreaking Trust Exchange Technology, Supported by Enhanced Digital ID Legislation for Greater Privacy and Security In a significant development for digital security and convenience, the Albanese Government has unveiled its plans for a groundbreaking digital infrastructure, aimed at transforming how Australians verify […]
2022/23 Federal Budget
Federal Budget Highlights In this summary: Personal income tax changes (please scroll down) Changes affecting business taxpayers Other Budget announcements 1. Personal income tax changes 1.1 Increase to low and middle income tax offset (‘LMITO’) The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be […]
2021/22 Federal Budget
Omnis Group Federal Budget Summary 2021/22 Key points covered by this summary: Personal income tax changes Changes affecting business taxpayers Superannuation related changes 1. Personal income tax changes 1.1 Retaining the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year The Government has announced that it will retain the LMITO for one […]
Working together during coronavirus
Working with Omnis Group during coronavirus Focussing on personal health and safety As the situation with the COVID-19 pandemic continues to rapidly escalate in Australia and around the world, we wanted to update all of our clients and key stakeholders on the measures Omnis Group has been putting in place. The priority of any measure […]
Real estate insight from Charlie Ball, Elberton Property
Rapid change gives rise to new breed of real estate agents Omnis Real Estate’s Managing Director Justin Flavel CPA talks with Licensed Property Valuer and Developer, Charlie Ball, from Elberton Property in Subiaco, Perth. Elberton Property is a private property development and project management business founded in 2006 by Charlie Ball. Infilling development sites within […]
Writing on the wall for more real estate disruption
Purplebricks’ market exit only opens the door to newer players If you believe the demise of Purplebricks in Australia is due to the market not wanting or accepting a cheaper alternative to real estate agents, then you are totally incorrect. Purplebricks have openly said they didn’t execute their plan well and they expanded way too […]
Farewell FY19; welcome FY20
From the desk of Justin Flavel Another end of financial year is upon us and it’s not uncommon to reflect, especially on how quickly and dynamically decisions are now made. Timely example It has been an amazing start to winter here and I went for a long walk with my wife. Whilst we were out […]
Business Focus on Real Estate Agencies
What the changing business landscape means for real estate It’s a fact that our business environment is changing significantly, and the real estate sector is no exception. Pick up any newspaper and you’ll read headlines like, “Basically the minimum wage: What real estate agents really earn”, “King Kong Signs Real Estate Disrupter Purplebricks”, or “Why real estate agents suffer […]
