HOW DO YOU KNOW HOW MUCH TRAUMA INSURANCE YOU NEED? It really depends on your individual circumstances.  You should consider how you are going to meet your expenses if you suffer a trauma, these may include: Net medical expenses (after Medicare and Private Health insurance rebates) Bills and existing debts (home loan/rent) Rehabilitiation expenses (so you can choose your own rehabilitation plan) Extended convalescence (one years salary) Employin...

What is a trauma insurance reinstatement benefit? What happens if you have more than one major medical trauma (unfortunately this happens quite a lot). Let's say you have $100,000 trauma insurance benefit and you are diagnosed with cancer and your $100,000 trauma insurance claim is paid.  What happens next? you would reinstate your trauma insurance policy after the claim is paid. your premium remains the same and there are no medical underwriting requirements...

Are you covered if your child suffers a major medical trauma? What happens if your child is diagnosed with a disease or medical condition?  You can't continue to work!  How do you pay your bills when you are taking care of your child?  Child trauma insurance can be included as an optional benefit to a life insurance policy (but you cannot purchase child trauma insurance on its own). The initial maximum insured benefit is $200,000 (and indexed each year ...

$20,000 instant asset write off extended to 30 June 2018 Assets purchased for business use can be immediately written off (if they cost less than $20,000 [per item]) up to 30 June 2018.  From 1 July 2018 the threshhold will reduce to $1,000. You are eligible to claim the immediate business expense deduction if: Your business turnover is less than $10 million; and The asset was first used or installed ready for use in the income year you are claiming it in. ...

Are you a small business or sole trader?  Do you know your rights and responsibilities? The Australian Competition & Consumer Commission (ACCC) on 11 January 2018 published a new guide for small businesses. If you engage in buying or selling goods or services you must comply with the Competition and Consumer Act 2010 (CCA). The guide is designed to help small businesses understand their key rights and responsibilities under the CCA and the Australian Consumer Law...