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Recent Banks Group News

Child Maintenance Trusts

May 16, 2013

For taxpayers that are going through a family breakdown, the establishment of a Child Maintenance Trust (CMT) and the transfer of income producing assets into the CMT to fund ongoing child maintenance requirements may be a very tax effective planning …

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2013/14 Federal Budget Summary

On 14 May 2013, the Federal Government outlined its budget for the year ahead.  No doubt that this was the toughest budget faced by the Treasurer, Wayne Swan – with a pending election, forecast budget deficits and previous spending commitments, …

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Proposed super reforms

April 18, 2013

Reforms to Australia’s superannuation system have been announced that will be considered by Parliament after the Federal election in September 2013. If legislated, the proposals will impact many superannuation fund members before and after retiring. Below is an overview of …

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Banks Group is an association of independent firms that operate in both Melbourne and Sydney under the same trading name. Neither the Melbourne Banks Group firm or the Sydney Banks Group firm are partners or agents of each other and shall not be liable for any act or omission of each other.