• nFor the 2015–2016 income year, the generalntax-free threshold available to Australian resident taxpayers is $18,200.
• nAustralians who have student debts and arentravelling or living overseas will soon have the same repayment obligations asnpeople who are still living in Australia.
nImportant: Clients should not act solely on the basis of the material contained in Update. Items herein are general comments only and do not constitute or convey advice per se. Also, changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. This update is issued as a helpful guide to clients and for their private information.