GST and bodies corporate

Article Abstract:

The body corporate and their issues regarding General Service Tax (GST) are discussed. If their turnover exceeds $50,000 a year, they are bound to be registered as GST payers and any body corporate that becomes a registered entity would need to charge its members levies on a GST-inclusive basis and remit the GST to the government at the usual one-eleventh of the gross amounts involved.

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Readers forum

Article Abstract:

This article consists of questions from readers and answers from the editors of this journal. Issues addressed include problems with pension funds and how to manage a shared portfolio.

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Forgotten protection

Article Abstract:

Disability insurance is necessary to protect income while out of work due to illness or disability. Premiums increase as the insured ages, but remain tax deductible.

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