Flexible salary packaging gives employees a sky-high level of choice

Article Abstract:

Ansett Airlines introduced a flexible salary packaging program in late 1996 for its 900 pilots and 350 executives. These employees can now decide how their income will be split between cash and non-cash benefits. Certain salary packages allow employees to be paid in a more tax effective manner while keeping administrative costs down. The airline also retains valuable employees.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Human resource management, Airlines, Ansett Airlines of Australia

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New watchdog for doi-it-yourself funds

Article Abstract:

The Australian Taxation Office is expected to take over superannuation fund regulation in July 1998, prompting consultants to expect resurrection of a little-used tax penalty. Section 288a enables a tax commissioner to take half the assets of a do-it-yourself superannuation fund program if it has failed to comply with regulations, effectively doubling the ATO's authority.

Care and treatment, Domestic cats, Cats

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Franked dividends deserve credits

Article Abstract:

Issues are presented concerning the most tax-effective method of managing investments for capital growth or income. Fully franked dividends are compared with capital gains on investments.

Finance, Dividends, Investments

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