The Inside Look April

Challenge Time

During the month of March, I made a commitment to a fellow team member that I would not work more than a certain number of hours of overtime, and if I did, she would be able to enforce the consequences we agreed to at the beginning of the year – No social media for 7 days.

Fast forward a month. I broke the commitment and have just finished 7 days of no social media – and I am better for it, who would have thought!! If you had asked me if I was addicted to social media I would have said no. The truth is, I was well on the way!

Since completing the 7 day social media detox, I am so much more aware of the choices I make in relation to what I use my phone for. For me, the two biggest vises I had were:
1) Aimlessly scrolling the Facebook news feed, and
2) Checking out everyone’s run on Strava.

From now on, I am going to be so much more deliberate with my use of technology, especially social media and focus on being more effective with the use of my time.

The Challenge: Are you using your phone as a tool, or is it controlling you??
If it is the latter….

– Check out the screen time in your phone settings for the past 7 days. Yep wow!
– Turn your phone onto silent or even airplane mode when you go to bed.
– Don’t touch your phone for the 1st hour or 2 each morning.
– Delete your social media apps (or even put them in a folder, click here to find out how). 

Gees, the tips could go on – if you want to know more about why we become addicted to our phones and the impact it has on our relationships, check out the clip below from our good friend Simon Sinek.

Simon Sinek Q & A: How Do Cell Phones Impact Our Relationships

Immediate Action Needed!
Reminder of Trust Deeds Amendments

As per our previous mail out, we would like to —remind those of our clients that own or plan to own real property in Victoria or NSW through a trust structure, that you must ensure that your trust deed includes the relevant exclusions which are stated below.

As of NOW, all trust deeds for purchasing property must be amended to exclude foreign beneficiaries, regardless of if a foreign person will be benefitting or not. Trusts that have a foreign person as a potential beneficiary will automatically be classified as a foreign trust and will now be liable for foreign purchaser additional duty. 

To put these new fees into perspective, if you own or purchase a property for $500,000, this could lead to an additional cost of $40,000! So even if you aren’t looking to buy right now but might in the future then it’s best to get this taken care of right away, rather than waiting until it’s too late.

To ensure you aren’t caught out, we strongly advise if the above applies to you, to get in touch with your advisor today and we will perform a review of your Trust Deed. We want to ensure your hard-earned money is kept safe and you are not subject to any unnecessary charges.

Xero Update –
Securing Your Account With Multi-Factor Authentication

As more people around the world embrace digital technologies, the number of cyber attacks continues to increase. 

As custodians of your data, Xero takes that responsibility very seriously and goes above and beyond to secure your online information. To stay ahead of cyber criminals, they are making Multi-Factor Authentication (MFA) mandatory for all Xero customers globally in the year ahead.

MFA is a log-in verification process utilizing your phone authentication method as well as your username and password, which means you can still access your Xero account anywhere, at any time. 

To give you fast, easy and secure access to your Xero account using MFA, they’ve created their own authenticator app called Xero Verify. It’s built using the highest security standards and is now available free of charge in the Apple and Google app stores.

To find out more contact our Pursuit Advisers Xero gurus,
Danielle and Rachel, or click here to read more. 

Extension To HomeBuilder Construction Deadline

The deadline to begin construction under the HomeBuilder grants program has been extended by an additional 12 months by the Federal Government.

The HomeBuilder scheme was introduced last year during the COVID-19 pandemic and was extended to March 2021, although the size of grants were reduced from $25,000 to $15,000. Private house approvals have risen by almost 70 percent, fuelled by this program as well as record low-interest rates.

The scheme is said to cost the government $2.5 billion but has helped tip some $30 billion into Australia’s construction sector. The uptake of HomeBuilder has created a lifeline of work for tradies, preventing job losses as well as supporting tens of thousands of first home buyers to achieve their dream of owning their own home.

The deadline change has been a welcomed relief to many in the industry as the extension will now ease the pressure on home builders to begin construction, with 70 percent of builders having been severely impacted by global supply constraints and labour pressures as well as delays in finance approvals, planning, building approvals and land titles due to the influx.

Click here to learn more.

myGovID Just Got Easier

You can now use your myGovID to sign in to myGov, expanding the use of myGovID to both business and personal matters.

Connecting myGovID to your existing myGov account makes signing in:

  • Simple – set up once and use it to unlock government online services.
  • Flexible – you can still use your existing myGov sign-in option as well as myGovID, helping you avoid losing access to your account when using SMS codes.
  • Secure – your personal information is encrypted and verified against existing government records, making it the most secure way to sign in to myGov.
  • Streamlined – access multiple government online services, for both personal and business matters.

How to connect your myGovID to your myGov in 3 easy steps

  1. Sign in to my.gov.au using your myGov username or email, and password.
  2. Go to Account settings.
  3. Select Digital Identity and follow the prompts to connect your myGovID.

Once connected, you can continue to use your myGovID to sign in to myGov. myGovID provides you with a flexible sign in option that doesn’t lock you into one device or phone number. If you have connected your myGovID to your myGov account, you can disconnect it at any time.

Please note, If you don’t have an existing myGov account, you will need to create one to connect your myGovID.

For more Information visit: www.mygovid.gov.au/mygov

Great Hike Sponsors

We would like to express our overwhelming gratitude to our amazing sponsors of this weekend’s The Great Aussie Hike team challenge, GippsTech, Pathfinder Law and The Chocolate Shop Warragul, who have generously put their hands up to support our efforts to complete the 30km trek on the East Gippsland Rail Trail.

Our rival Pursuit Advisers teams, Hot Pursuit and Pursuit for the Stars will go head to head to battling it out to be office champions, and all for a good cause, raising much-needed funds and awareness for the mental health and wellbeing of Victorians as a result of the challenges faced in last year’s lockdowns.

Gippstech, is an outstanding digital agency based in Gippsland. They provide web design and development, digital marketing, and reliable technology solutions with a range of services that can support any business – from complimentary advice in the early stages of a project through to bespoke commercial solutions that scale with your business growth.

Click here to book your free consultation with their friendly team today.

Pathfinder Law is Warragul’s commercial and property law experts. Whether you’re starting a business, buying a property, planning for the future of your estate, or looking to improve your company’s legal processes and documentation, Rob Celada and his team will work with you to achieve the results you need.
 If you’ve got a legal matter that requires immediate attention, or if you’d just like to talk to the team about your goals & plans, and discuss how they can help contact them via this link.

The Chocolate Shop is a locally owned and run retail confectionery store located here in Warragul.

Operating for over 30 years, The Chocolate Shop stocks close to 1,000 products, including boxed chocolates, gluten, dairy, sugarless and vegan chocolates & lollies, Dutch licorice, British products, USA candy & drinks. They also have Bonbonnierre products, Hampers ready-made or made to order, chocolate making products, boxed chocolates, and more.. 

With a great range that would satisfy any sweet tooth, make sure to drop in and tempt your taste buds or click here to get in touch today!