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Private specialist
Things worth knowing as a private specialist.
General information only. This page does not save what you open.
Now
Tax and the set-aside
Private and locum income usually has nothing withheld. The tax page splits that from the hospital wage.
ABN, GST and personal services income
Private billing, locum contracts and VMO work can bring ABN, GST and personal services income rules that a hospital salary doesn’t. The page sets out what the ATO and the Australian Business Register say. It does not decide a contract.
Super caps, Division 293, Division 296
Personal concessional contributions are claimed as a deduction. The caps and the two extra taxes are separate.
Rooms
A room to rent or buy is a listing, not a yield. The holding-cost sketch is separate.
Soon
MBS
A fee is the published schedule fee, not what a fund pays, and not a quote.
Debt recycling
Interest on a home is not deductible. Interest on money borrowed to invest might be. The page does not tell you to redraw.
Investing outside super
A mix of indexes, with fees, over a chosen number of years. Not a portfolio.
Often missed
Inheritance checklist
Super does not follow the will unless the fund form says so.
Capital gains
Law since 26 June 2026 (Tax Reform No. 1 Act 2026). From 1 July 2027, negative gearing of residential property is limited to new builds. Properties held at 7:30pm AEST on 12 May 2026 are exempt from the negative gearing change. From 1 July 2027 the 50% CGT discount is replaced by cost base indexation and a 30% minimum tax rate, for gains that accrue after that date. General information only. https://www.legislation.gov.au/C2026A00049/asmade
Indemnity premium
A quote is between you and the insurer. This site does not price a policy.
Coming soon
A rough figure — not advice. Terms
Advertisement — labelled, never inside the number.