September 2015

Tax Brief: Collecting non-residents’ tax liabilities – buyers and sellers beware

Treasury has released an Exposure Draft of legislation that will impose a liability on buyers to remit 10% of the purchase price direct to the ATO where they are buying certain kinds of ‘land and resource-related’ assets from non-residents. This is a key exposure for buyers, may catch some unprepared sellers unaware and will likely

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ASIC increases regulation and pushes $200 000 as SMSF minimum

  The Australian Securities and Investments Commission (ASIC) is increasing financial planning regulation and pushing a $200, 000 SMSF minimum. ASIC Deputy Chairman Peter Kell said ‘ASIC wants to ensure that only those investors for whom an SMSF is suitable are advised to establish an SMSF and that our expectations around the standards of advice

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Reshika Kumar

Administration Officer

With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.

With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.

Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.

Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!