February 2020 Edition

February 2020 Newsletter-welcome

February 2020 Newsletter

Welcome to our February 2020 Newsletter.

Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore the impact.


Ten million hectares, lives wildlife on the brink, billions in lost revenue and clean-up costs. For many, returning life to normal is a long way off this summer. We summarise the help available to those impacted by the bushfires.


ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. Find out the details in ATO targets "lifestyle" assets.


From 1st January 2020, some changes were made to superannuation and salary sacrifice. We take a look at how the changes should be processed in Xero.


You can read the articles by selecting them from the menu at your left or clicking on links in the text above.


Our aim is to make better use of your time and keep you updated on matters affecting your business and family life. If you have any questions from any of the articles please contact your Manager or Partner at Goodwin Chivas & Co. 


The Goodwin Chivas & Co. team

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