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Stephen Jones 2022
The Hon Stephen Jones MP
Assistant Treasurer and Minister for Financial Services
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Assistant Treasurer and Minister for Financial Services
A super increase for hardworking Australians
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From today, Australian workers will benefit from a boost to their superannuation.
The permanent 0.5 percentage point rise in the Superannuation Guarantee rate from 10 per cent to 10.5 per cent will increase most employees’ super balance at retirement by around 3 per cent.
Crypto not taxed as foreign currency
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Crypto currencies will continue to be excluded from foreign currency tax arrangements under the Albanese Government.
A decision by the Government of El Salvador to allow Bitcoin as legal tender has the potential to create uncertainty about the status of crypto assets such as Bitcoin for tax purposes in Australia.