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Tim Beresford, the chief executive of the Australian Financial Security Authority, there is a lot of misunderstanding by the public of how bankruptcy works
Analysis
Insolvency

New reforms welcomed after significant jump in bankruptcies

A likely reason for the spike, apart from higher interest rates, is the ATO’s resumption of collection of outstanding taxes after a pause during COVID.

  • by John Collett

Ask an expert

How do I avoid my kids being taxed at 66%?

Children are taxed at a much higher rate than adults, but this won’t apply to their own earnings.

Noel Whittaker
Noel Whittaker

Money columnist

Financial security or following my passions – can I have both?

Many people working in creative careers can feel like the world of finance is foreign to them. But it doesn’t have to be.

Paridhi Jain
Paridhi Jain

Money contributor

I’m getting old and my SMSF has become a burden. What should I do?

For most, there comes a time in later life where the costs in time and accounting fees of a self-managed super fund outweigh the benefits.

Paul Benson
Paul Benson

Money contributor

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