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Dependants for Medicare levy exemption

Posted by Team AVS on 20 Dec, 2023  0 Comments

Medicare levy exemption dependants

For the Medicare levy exemption (but not for the Medicare levy reduction), dependant means an Australian resident for tax purposes you maintained who was either:

your spouse
your child under 21 years old
your child, 21 to 24 years old
receiving full-time education at a school, college or university, and
whose adjusted taxable income for the period was less than the total of $282 plus $28.9

Lodgement penalty amnesty program

Posted by Team AVS on 12 Dec, 2023  0 Comments

As part of the 2023–24 Budget, the government announced a lodgement penalty amnesty program for small businesses.

For lodgements eligible for the amnesty, failure to lodge (FTL) penalties will be remitted, without the need for you to apply. You might see an FTL penalty on your account for a period of time, but we will remit it.

To be eligible for the amnesty, you must meet the following criteria:

had an annual turnover of less than

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