The First Home Super Saver (FHSS) Scheme enables first home buyers to save money towards their first home while accessing the concessional tax benefits of Superannuation Funds. The scheme is available to individuals who live in the premises they are purchasing (or will as soon as practicable) and intend to live in the purchased property for a minimum of six months in the first twelve months of purchase. A bill was passed on 5 April 2019 which includes changes to the FHSS Sche

The Taxable Payments Reporting Scheme (TPRS) requires business owners in the construction industry to report payments made to contractors during the year. This is done through a Taxable Payments Annual Report (TPAR). The scheme allows the ATO to data match payments to income, helping them identify discrepancies. Initially the TPRS was introduced in 2014 and was targeted at capturing the black economy in the construction industry. The black economy refers to activities where p