The change in directors' interest notice is an interesting twist by our well educated chairperson RSK. Division 296 is a new Australian tax set to kick in on 1 July 2025. Anyone, with more than three million in superannuation, looking at Miningnut, and Cowbell will be subject to an extra 15% tax on earnings and mind you this is regardless of if its 'realised or not, that means even if your investments haven't been sold you could still owe tax on the paper value of your shares. Personally, I feel our government is targeting anyone who has been smart with their money. If you are successful then you should be reprimanded for owning rental properties, shares, or anything the ATO can get their hands on. Word to the wise. RSK is one smart person. Good luck to him.
If you are an unmarried mother with three children by three different dads, you are in luck. You will receive extra funding per child on top of a stay-at-home wage so you can have more children. Thank you LABOUR!
KCN Price at posting:
$2.32 Sentiment: Buy Disclosure: Held
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