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Some of the key changes for Super Funds in the 2024-2025 financial year are: 

6 important dates for employers for the end of this financial year.

The ATO announces its priorities for Tax Time 2024.

1. Personal income tax measures

Carry-forward contributions provide flexibility for effective retirement planning, especially for those with unconventional work histories. By utilizing unused caps, you can optimize your contributions while minimizing tax implications.

Aftering registering your intent to claim the JobKeeper Payment, the next step is to have all eligible employees sign a JobKeeper Employee Nomination Notice. An employer will not be able to apply for JobKeeper payment without a signed nomination from each eligible employee. The notice is available from the ATO website or from here. Business will be able to apply for the JobKeeper payment from 20 April, by following the steps on the ATO website here.

The Government has released a rent relief package for commercial tenants and landlords. "The mandatory code will apply to tenancies where the tenant or landlord is eligible for the JobKeeper program. So that defines a a tenant or landlord who would be in a position of distress, where they have a turnover of 50 million or less.