Hear about the Australian Dollar – Webinar 14 October 2021

Northland Group held a 30 minute fireside style conversation webinar with Send co-founder Ian Cragg and Send FX trader Anthony Buttiglieri‎ on the Aussie dollar’s recent and projected performance.

They discussed how you can manage your risk and exposure when transferring funds cross-border and what could be in store for the Australian Dollar over the short and long term.

Ian shared insights gleaned from over ten years working in currency exchange both in the UK and Australia, including Co-founder of award winning Send FX payments company.

Anthony provided insights into the AUD and how he assists HNW clients across Australia and the APAC.

Really interesting for expats and others interested in the Australian dollar. Take a look. (Webinar 14 October 2021)

Note: This information and the webinar is general in nature and does not constitute advice. The information does not take into account your objectives, financial situation or needs and you should seek independent advice to see if the solution is appropriate for you.

Northland Group is the pre-eminent foreign superannuation fund platform in the Asia Pacific region. For more information about this webinar or our foreign superannuation offerings contact us. 

Proposed Australian Tax Residency Rule Changes – impact for Hong Kong residents.

 

Northland Group hosted a webinar with Matthew Jones of Oreana Financial Services, discussing proposed changes to the Australian tax residency rules and impacts on Australian expats living in Hong Kong.

In May 2021, the Australian federal government proposed to update the Australian Residency Criteria. The proposed changes look quite simple and easy to understand, however, the devil is in the detail.

The proposed changes include a two-step model to determine if you are considered an Australian resident for tax purposes with the bright line test and the factor test.

Bright line test – if you spend 183 days or more of an income year in Australia, you are considered tax resident or

Factor test – if you spend 45 days or more of an income year in Australia and satisfy 2 of the following 4 factors, you are considered a tax resident:

1.     Right to reside permanently in Australia

2.     Australian accommodation

3.     Australian family

4.     Australian economic interest (including real property and substantial economic interest)

Should these proposed changes go ahead many Australian expats may consider making changes to their assets in Australia or time they spend in Australia (for work or personal travel) to continue with their current tax residency status.  The proposal will go through a consultation period and various stages before coming into effect.

View the webinar to hear more about the proposed bright line test, four factor tests, how the number of days are calculated and other general questions and answers Australian expat should be aware of – particularly if you are living in Hong Kong.  (Webinar 4 August 2021). Or contact us.

Note: This information and the webinar is general in nature and does not constitute advice. The information does not take into account your objectives, financial situation or needs and you should seek independent advice to see if the solution is appropriate for you.

Proposed Australian Tax Residency Rule – Singapore.

Northland Group hosted a webinar with Tristian Perry, Head of Tax – Australia at Select Investors Australia Singapore, discussing proposed changes to the Australian tax residency rules and impacts on Australian expats living in Singapore.

In May 2021, the Australian federal government proposed to update the Australian Residency Criteria. The proposed changes look quite simple and easy to understand, however, the devil is in the detail.

The proposed changes include a two-step model to determine if you are considered an Australian resident for tax purposes with the bright line test and the factor test.

Bright line test – if you spend 183 days or more in an income year in Australia, you are considered tax resident; or

Factor test – if you spend between 45 and 182 days in an income year in Australia, you are considered a tax resident if you meet 2 of 4 factors, summarised as:

1.     Right to reside permanently in Australia

2.     Australian accommodation

3.     Australian family

4.     Australian economic interest

Should these proposed changes go ahead many Australian expats may consider making changes to their assets in Australia or time they spend in Australia (for work or personal travel) to continue with their current tax residency status.

Take a look at the webinar for more on the proposed bright line test, four factor tests, double tax agreement and general questions and answers Australian expat should be aware of, particularly if living in Singapore (Webinar 29 July 2021) or contact us.

Note: This information and the webinar is general in nature and does not constitute advice. The information does not take into account your objectives, financial situation or needs and you should seek independent advice to see if the solution is appropriate for you.

Australia travel exemption requirements for visiting expats – Webinar 9 Sept 2021

 

Hear how Australia travel exemption requirements for visiting expats impacts you, with new rules and requirements for exemptions including:

• Current immigration landscape given Covid-19
• Categories of people who can travel to Australia in the current boarder closure environment
• Considerations for those entering and exiting Australia
• Practical tips and tricks for application process
• Need for Covid-19 vaccination information

Join Belinda Wright, Partner and National Leader of Immigration Services and Samantha Panchal, Manager in the Immigration Services Team at KPMG Australia with Yuseff Murphy, Head of Distribution – Asia at Northland Group, for a conversation on this important topic.

Belinda has over 17 years’ experience in Australian immigration and over 11 years at KPMG, working with Australian and international clients. She has broad experience across a range of visas, with areas of expertise including global mobility services. Belinda is also actively involved in contributing to government reviews on key legislation changes and policy setting impacting Australia’s migration system.

Samantha has over 12 years’ experience in Australian immigration and joined the KPMG migration team in 2018, assisting organisations and individuals from around the world navigate Australian immigration laws.

Northland Group is the pre-eminent foreign superannuation fund platform in the Asia Pacific region. For more information about this webinar and our foreign superannuation offerings contact us.