Beware of split loan promotions

You have your own mortgage you are paying off ever so slowly. And you hear you can get an investment property and make all repayments off your own mortgage.
The concept behind this split loan is that your own mortgage is not tax effective and there are not any deductions allowed.
Whereas for an investment property you can have lots of tax deductions, such as interest on the loan, rates, maintenance, agents’ fees, etc. If your deductions are greater than the income (rent) received, then you are negatively geared and the Australian Taxation Office (ATO) will give you a refund.

Conducting your career

Soldiers should be aware of the consequences of conduct lapses that lead to administrative or disciplinary action.

Conduct considered inconsistent with the expectations of the next rank often result in a withdrawal of promotion clearance, or a failure at a promotion board.

New look for officer posting orders

The introduction of PMKeyS will see Posting Orders being released in a new format. The following points highlight the differences between the new posting orders and those that officers are used to receiving.

WRA’s focus too narrow

Now that the dust has settled since release of the consultation draft of the proposed ADF Workplace Remuneration Arrangement (WRA) 2002-2004, the Federation can respond to feedback received and provide members with our views of the proposal.
We won’t repeat the content of the proposal in detail- suffice to say there is an offer on the table of 6 per cent over a period of 18 months (November 1, 2002, to May 6, 2004) with no trade-offs asked for.

AIEF to change by end of this year

In 2001 Parliament passed a number of pieces of legislation to enhance the contribution the Reserves make to the ADF.
At the same time amendments were made to the Defence Act 1903 to modernise the structure of the Army.

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