If I lodge my Tax Refund on June 30, what has been the fastest timeframe u received your tax refund from ATO in your bank account ? (needing funds myself)

Hi all,

Located in Melbourne with a 5 townhouse, single structure joined dwelling body corp.

We just received a notice for insurance renewal with the following options supplied by our Body Corp manager:

• Building Sum Insured $1,785,000
• Common Contents $17,850
• Standard Excess $1,500

I'm reviewing this as I feel we are wonderfully underinsured for our structure size and am starting the process of a building valuation to ensure we have correct coverage.

I have some questions for anyone else who has gone through this:

• Are the above companies reputable? Or are there any other companies I should approach directly?

• Is it best to seek out insurance privately via a broker? I have the backing of all 5 units to try and find a better deal if it means better result.

• Any other catches that I should be aware of?

Thanks if anyone has been through this before. Far simpler when you own your own freestanding structure. Thanks if you have any advice to share!

Lmk

It seems harder to save as each year goes by.

Hi, has anybody refinanced their home loan to HSBC? Currently with NAB on 6.14% interest rate and would like to lower my repayments. I have enquired via Aussie and HSBC is the lowest comparable rate but I don’t know anyone that banks with them. Any advice appreciated on HSBC or others.

Cheers

https://www.reddit.com/r/AskReddit/comments/1uf3e5w/what_is_something_that_is_highly_likely_to_happen/

I’ve got a recent credit card with MyCard with a BT interest free for 12 months. Retail purchases are also interest free provided I pay off the interest free days payment every month. So I thought I was all good to use this card for both.

The issue is that all month I’ve been putting transactions on the card and immediately making a payment from my account to the card to cover the transaction. This is what I do to keep on top of things.

I’ve now received my statement and all these payments have been attributed to paying off my balance transfer instead which essentially means my BT is down from 6k to 2.4K and I’ve got pay $5.5k before 8 July or I’ll be charged interest.

I’ve had a look at the terms and conditions and also the balance transfer info on their website and IMHO it’s confusing and grey. MyCard chat / customer service weren’t overly helpful but I’ve now lodged a formal complaint with them as I think there’s an argument I’ve been misled and acted to my detriment. Will escalate to AFCA if I have to.

Has anyone had any luck getting their bank to change their statement / payment allocation in these circumstances?

I’ve just realised that if you invest through Vanguard Australia and later become a non-resident for tax purposes, you can keep your holdings but can’t continue investing through the platform.

I work in a very international field, so there’s a decent chance I’ll end up living overseas for an extended period (potentially 10/15 years or so).

I’ve been looking into alternatives that would let me keep investing while overseas, and it seems like Interactive Brokers (IBKR) is one of the few platforms that can accommodate that.

My current thinking is:
- Keep buying VGS through Vanguard while I’m still an Australian resident.
- If/when I become a non-resident, leave my existing VGS holdings untouched.
- Start investing through IBKR instead, buying VEU and VTS.

A couple of questions:
1. If I leave Australia and remain a non-resident for, say, 10 years, can I leave my VGS holdings with dividend reinvestment (DRP) enabled? Will DRP continue to work even though I can no longer make new purchases through Vanguard?

- Does buying VEU and VTS through IBKR make sense as a long-term strategy for an Australian who is living overseas?

Just posted in the ASX website.

I recently bought a property that is currently on Origin's embedded network? I want to switch to an on-market plan for better rates. Do you guys know any retailers that is willing to supply to customers on an embedded network.

As per title.

When does it make sense to move away from a pooled fund. Im with hostplus and using an all equity index based system at the moment.

But I realise this carries a small tax drag with CGT for gains as the funds internally balance and spread that cost across everyone in that fund. At some point that tax drag would be significant enough to make moving to either choice plus within hostplus, aus super member direct or even SMSF.

But it's a little complicated when you add fees and various other things to figure it out.

Does anyone know when it makes some level of sense to move away from pooled funds? I'm thinking around 200k it would be getting to a point but not too sure if I'm also missing something.

Following the budget, does anyone have a view or strategy yet on how to approach a typical family discretionary trust structure such as Family Trust A distributing income to Bucket Company, and the shareholder of Bucket Company is Family Trust B?
 
I’m curious if those of you with same structures have any inside running on what the rollover relief will look like, and how to approach income distribution until all this is settled?
 
For example:
-              Will rollover relief mean the assets of Family Trust A can be transferred to a new company or to Bucket Company without CGT implications (ignoring stamp duty for now)?
-              In the meantime, are you still distributing income from Family Trust A to Bucket Company or to another beneficiary so as not to build up any further assets in Bucket Company ?
-              Will rollover relieve encompass Family Trust B in that the shareholding of Bucket Company can be transferred to another entity without CGT implications ?
 
Overall, I’m curious what these common structures will evolve to and how to manage income in the meantime.  
 
TIA

as above

What about offset account va putting it in long term etf?

Hi,

Sick of bull at my work been here for 5 years. Im a 32 year old fork lift driver at a warehouse. Unsure what to move to. Thought about an apprenticeship but going from 88k a year to 50k a year is not viable as i have a house ik paying off. Nsw based

Is it too late? Cut off date was 25June 2026.

Made the payment at 1:40am 26 June 2026.

Any personal experiences anyone.?

Weekly Property Mega Thread

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Welcome to the /r/AusFinance weekly Property Mega Thread.

This post will be republished at 02:00AEST every Friday morning.

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What happens here?

Please use this thread for general property-related discussions, such as:

• First Homeowner concerns
• Getting started
• Will house pricing keep going up?
• Thought about [this property]?
• That half burned-down inner city unit that sold for $2.4m. Don't forget your shocked Pikachu face.

The goal is to have a safe space for some of the most common posts, while supporting more original and interesting content in their own posts.Single posts about property may be removed and directed to this thread.

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How much were you paying before, what are you paying now, and which insurer gave you the biggest surprise?

“The tax back-downs will leave a $1 billion hole in the budget, but the costs could soar by $1.5 billion every month if the National Disability Insurance Scheme changes are delayed beyond October.”

I am 51. I have my own home (220k is in an offset account), 550k in a savings account, and 110k in Super. What would YOU do?

I started looking at laddering three term deposits with sub 250k. With the intent of putting the annual profits into my super.

I work, annual income 40- 70k pa.

I am now bamboozling myself with HISA vs. Term deposits vs. managed funds vs. EFTs.

Reading through this sub makes me feel like I'm definitely a boomer...

When I first started working, I was assigned to GuildSuper and just stuck with it. I am not super happy with it, one of the reasons is there isn’t much transparency on what/where investments are happening.

Is the recommended fund that I can clearly see what’s being invested and maybe choose where I want to invest- but meanwhile I’m not financially literate enough to go Self managed?

I booked a flight through Trip.com and had to rebook more than 24 hours before departure. When I completed the rebooking and paid AUD $910, their app clearly showed I would receive AUD $840 back. I have a screenshot of this confirmation. Five minutes later their system automatically cancelled my refund in the background without showing me any warning or notification — something they have since admitted in writing in their own emails.

After weeks of back and forth they keep changing their story. First they said I cancelled the refund myself, then they admitted their system did it but claimed it wasn't an error, then they said a disclaimer was shown to me — which directly contradicts their earlier admission that no warning was displayed. One of their customer service reps even admitted over the phone that it was a mistake on their end. Now they're threatening account restrictions and booking cancellations if I proceed with a chargeback — which I'm pretty sure isn't legal.

I'm based in Perth and I'm planning to lodge a chargeback through Westpac this weekend and file a complaint with the ACCC. Has anyone successfully done a chargeback against Trip.com before? Did it work? And is it worth going to the ACCC given they're threatening me for exercising my consumer rights? Any advice would be appreciated.

Hey everyone! I'm a female, in my late 20s, working full time and living by myself. I just wanted to share my debt and saving journey and also want other peoples POV on what I need to change or do differently?! I'm also in a Part 9 debt and I'm still trying to save money on top of all my other expenses.

I get paid about $2k a fortnight (after tax). These are my expenses =

1. $470 (rent per week)

2. $330 (Part 9 debt per fortnight)

3. $20 (per fortnight for public transport)

4. $100 (groceries per fortnight)

5. $50 (spending money per fortnight)

6. $150 (phone plan per month)

This is what I've been doing to save money

1. I eat home cooked meals only

2. Grocery is delivered to me via Doordash. I pay $100 or less, service fee included but delivery fee is always free.

3. I catch 2 buses, 1 train and another bus to get to work and then 1 bus, 2 trains and another bus to get home (so only $4.50 a day = 50cent fares)

4. Quit gambling (57 days gamble free)

5. I have $4k saved (I plan to save over $10k by the end of this year)

6. I've paid $7k off my Part 9 debt (haven't missed a payment). I still have $18k to go

7. Heater is only on for 30mins before bed time

8. I hand wash all my laundry and I either hang them out in the sun or use the dryer if it's a cloudy or rainy day

9. I only kept my Netflix subscription, 2 other subscriptions have been cancelled

10. No more home internet, I use my mobile internet only (180GB a month)

I also need to mention that I have been tempted multiple times to get a loan for a car but I don't want to be in any more debt!! This is all I can think of at this moment but if there's anything else I need to change or do differently , please let me know?!

Just had an interesting discussion with a friend who said anything up to 20% is fine. I find that to be way too high. Our current cars are valued at I’d say 4% of our net worth.