KhunHeineken

Posted the same link on another thread, but it's more on topic in this one. The new Labor government will continue on with the proposed changes, but will review the amount of days. https://www.afr.com/policy/tax-and-super/assistant-treasurer-flags-new-tax-residency-rules-20220826-p5bd1v It's more focused on how long you are inside Australia, but the flip side for many expats is how long you are outside Australia.

Looks like the new Labor government will also be picking up what the last Liberal government left for these proposed changes, but will review the number of days. https://www.afr.com/policy/tax-and-super/assistant-treasurer-flags-new-tax-residency-rules-20220826-p5bd1v It's more focused on how long you are inside Australia, but the flip side for many expats is how long you are outside Australia. It's no so much about losing portability, but IF residency status MAY effect pensions. Came across this online petition about it, but it's closed now. Obviously there's quite a few expats showing interest in these proposed changes. https://atlaswealth.com/news/australian-tax-residency-change-petition/

It hasn't come in yet, so it's not fact, but the proposed changes are fact. My posts are not about frightening anyone, but more about alerting them to the proposed changes so they will be prepared.

Aussies might find this article interesting, and disturbing. Some eye watering figures. https://www.smh.com.au/politics/federal/australia-drives-up-debt-to-menzian-levels-with-no-end-in-sight-20211228-p59kg1.html I can only imagine what new taxes and cost cutting awaits the present generation, and many generations to come. With a country of only 25 million people, having only around 12 million people in the workforce, it will take generations to pay back the debt. How could a country with such an abundance of resources be so mismanaged, for so long?