Draft Legislation for children traveling in Vehicles
New requirement (National Legislation) for transporting children is about to be introduced which will mean that ALL children under 4yo will NOT be able to travel in the front seat. In addition there will be more legislation around the different types of restraints required according to children’s ages etc. Please note this is in draft and likely to be phased in within the next year in the same way as seat belts originally were. We will keep you posted on this legislation as more information comes to hand.
Access to Draft below (link) go to section 9 - to read about this new posed standard mentioned above.
http://www.ntc.gov.au/filemedia/Reports/DraftModelAmendRegsARR7May2007.pdf
Childcare is 'Good' for young children
Charles Sturt University early childhood education researcher Linda Harrison found children aged two or three who attended childcare were more socially competent.
Click the below link to read more:
http://optuszoo.news.ninemsn.com.au/article.aspx?id=321964&_cobr=optus
Superannuation and the Window of Opportunity for Self-employed Carers
Most child carers spend far more time caring for children than they do caring about their own financial security in retirement. Now, with changes to superannuation, it is the perfect time to fix that!
From 1 July 2007 eligible self employed persons can take advantage of the Government Co-contribution scheme. The good news is that if you earn less than $58,000 a year and make personal contributions, the Government will actually add money to your contribution. For example, for those with a total income of up to $28,000 a year the Government will add $1.50 to every $1.00 you put into you own super account! Up to a maximum Co-contribution of $1,500 a year.
For those with a total income of between $28,000 and $58,000 a year, you super co-contribution is reduced by 5c for every dollar you earn over the $28,000. So if your income is $40,000 a year, and you contribute $1,000 into your super account, the government will Co-contribute $900.
If you’d like to see how much the Government will pay into your super if you make a certain contribution, visit www.accsf.com.au/education/coconts and refer to the table showing the levels of Government co-contributions. Additional information is available at www.ato.gov.au/superprofessionals.
… and there’s more good news …
You can claim a tax deduction on your personal super contributions. From 1 July 2007 you are able to claim a maximum of $50,000 a year in super contributions. (Presently you can claim 100% deduction on the first $5,000 and 75% for the balance up to your age based limit).
There are many other advantages to investing in your future through superannuation. You should seriously consider them. Remember, from now until 1 July could possibly be the best opportunity you’ll ever have to add money to your super.
For further information, please contact Mary Marshall, the Queensland representative of the Australian Child Care Super Fund.. The ACCSF is the first and only super fund developed by child carers for child carers and it is simple, straightforward and user-friendly. Mary has been talking with carers for over nine years, so if you’d like to book Mary to attend a regional meeting or simply to give her a call; she can be reached on 0438 576 470.
This article contains information of a general nature only. It is not intended to constitute the provision of advice. Before acting on any information you should consider its appropriateness having regard to your objectives, financial situation and needs. Prior to making a decision in relation to any financial product, you should consider the relevant Product Disclosure Statement. Investment Nominees of Aust Pty Limited.ABN 84 068 826 728 AFSL No. 233815. RSE Licence No. L0000611 as Trustee for Australian Child Care Super Fund. Fund Registration No. R1001617, ABN 19 022 138 786.
