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Farm Finance & Drought Reform Assistance

Farm Finance & Drought Reform Assistance

28 May 2013

The Gillard Government announced in early May 2013 funding of $420 million over two years for a Farm Finance assistance package to aid farmers struggling to manage their debts due to a high Australian dollar and falling land values. 

The package, developed in consultation with farmers and peak farming bodies, consists of four measures: 

  • Concessional loans to help restructure debt and invest in productivity; 
  • Enhancements to the Farm Management Deposits scheme;
  • Extra rural financial counsellors to work directly with farm businesses; and
  • Progressing a nationally consistent approach to debt mediation across the country.

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NSW Stamp Duty Abolition Deferred...Again

NSW Stamp Duty Abolition Deferred...Again

28 May 2013

The NSW Premier, Barry O’Farrell, recently announced that he will temporarily defer the abolition of the stamp duties that were due to be abolished from 1 July 2013. The duties will be retained to help with the $1.7 billion in additional funding required for NSW to implement the Gonski national education reforms. 

As part of the Inter-Governmental Agreement on taxes, NSW had agreed to abolish the following categories of stamp duty: 

  • transfer duty on unquoted marketable securities i.e. unlisted shares and units 
  • transfer duty on business (non-land) assets such as goodwill and intellectual property 
  • mortgage duty (unless already exempt)

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Planning For Aged Care

Planning For Aged Care

28 May 2013

Australia’s ageing population is bringing the issue of aged care into sharper focus for us all. The likelihood that we will have to place a parent or relative into an aged care facility, or indeed consider this as part of our own retirement planning is increasing. 

The complexity of fees and options for differing levels of care and services makes it difficult to see the 'wood from the trees' when considering entry to an aged care facility. 

The safest advice Boyce Financial Services can offer is to ensure you seek financial advice before you make any decisions - aged care is a complex system with myriad issues to be considered.

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Boyce Cadetships | The Inside Story

Boyce Cadetships | The Inside Story

24 May 2013

The Boyce cadetship program is in its fifteenth year and has been a resounding success according to Boyce HR Manager Gabrielle McFarland, with three of the current twelve directors commencing with the firm as cadets.  

Directors - Linda Mackellar (Wagga Wagga), Julie Schofield (Cooma) and Scott Christian (Dubbo) - signed up to the cadetship program and haven't looked back. They all agree that the most valuable aspect of choosing this pathway is the opportunity to combine practical experience with the theory being taught at university.  

“It soon becomes clear how quickly you surpass your uni colleagues through working on real jobs and being mentored by experienced accountants,” said Scott.  

2014 Cadetship Applications Now Open

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2013 Federal Budget Wrap

2013 Federal Budget Wrap

15 May 2013

The 2013 Federal Budget has been framed around the much publicised reduction in revenue and ‘soft’ economic conditions, but after releasing most of the big changes in the past few weeks, the Treasurer didn’t have much left to announce in his Budget speech to the Parliament. 

Wayne Swan delivered a ‘sober’ budget in the face of an expected revenue shortfall of $60 billion over the four years to 2015-16 and at the same time having to fund billions on the Gillard Government's spending commitments such as the National Disability Insurance Scheme ($14.9 billion over seven years) and the Gonski school reforms ($9.8 billion over six years). 

The Budget outlines some measures to address structural issues in the economy, focussing largely on the revenue side, including: 

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