Latest news with #EasternSuburbs
ABC News
2 days ago
- Business
- ABC News
Millionaires who pay no tax and richest and poorest postcodes revealed in ATO tax stats
There were 91 Australians who earned more than $1 million in total income yet paid no tax in 2022-23, according to newly released data from the Australian Taxation Office (ATO). The figures also show Australia's highest earners live in Sydney's eastern suburbs, taking in Darling Point, Edgecliff, Rushcutters and Point Piper. Analysis of the data by the Australia Institute and the ABC shows overall, these 91 millionaires claimed $390 million worth of different deductions to reduce their tax bills to zero. The vast bulk of this was the 19 of them who made $291 million in donations to tax-deductible charities, or an average of about $15.4 million each. Using a tax agent to manage tax affairs is also an allowable tax deduction for all taxpayers, meaning some of those who earned more than $1 million but paid no tax claimed these expenses. This group of non-tax-paying high-earners claimed $62.8 million in deductions for managing their tax affairs — an average of $690,815. The Australia Institute's chief economist, Greg Jericho, says this shows the nation's wealthiest and richest can use the tax system to reduce tax bills to zero "at a time when we are debating changes to superannuation taxation for the small number of people with balances over $3 million". He says this happens because the wealthy can pay "high-priced tax lawyers and accountants" to do it. The data also shows 2.3 million Australians declared rental income in 2022-23, with about 71 per cent of landlords owning only one investment property (just over 1.6 million). About 19 per cent (423,000) own two properties, around 6 per cent (130,000) own three properties, while around 4 per cent of landlords (47,000) own four properties. There are very few landlords (18,837) with five investment properties and a similarly small group with six or more (19,389). Overall net rental income for 2022–23 was $1.6 billion, down from $6.0 billion in 2021–22. More landlords made profits than losses in 2022–23. The average total net rent median was $52 and the average was $696. Of about 1,130,000 landlords who made a loss (were negatively geared), the median loss was $5,487 and the average was $9,346. The ATO figures show the country's highest-earning postcodes were in Sydney, with seven suburbs making up the top 10. The postcode with the highest average taxable income ($279,712) was in Sydney's eastern suburbs — postcode 2027 — which takes in Darling Point, Edgecliff, Rushcutters and Point Piper. That was followed by Double Bay (postcode 2028) and Woollahra (2025). Melbourne's Toorak and Hawksburn — postcode 3142 — came in fourth place, then we jump back to Sydney's eastern suburbs, with Vaucluse, Watsons Bay, Dover Heights, Rose Bay North and HMAS Watson (2030) coming in fifth place. But those living in NSW were also among the nation's lowest average income earners. The lowest-income postcodes were in areas with higher numbers of university students. The area taking in students studying at The University of Newcastle's main campus at Callaghan, postcode 2308, earned an average taxable income of $20,878. The next poorest postcode was 2052, taking in the University of NSW area, with an average taxable income of $20,892. Since reporting started in 2010–11, surgeons have remained the highest-paid occupation, with 4,247 individuals reporting an average taxable income of $472,475 in 2022–23. This was followed by anaesthetists: 3,658 individuals in this category earned an average taxable income of $447,193. The third-highest-paid occupation was "financial dealers", of which there were 5,147 with taxable incomes of $355,233. The poorest paid jobs were in the "personal careers and assistants" category, earning an average taxable income of $22,533. This was followed by "fast food cooks" earning $22,722 and "apprentices and trainees in hospitality" earning $25,358. More than 16 million Australians lodged tax returns in 2022–23. The ATO's data showed 10.3 million individuals claimed a total of $28.3 billion in work-related expenses — an average of $2,739 per person. The average superannuation account balance increased from $164,000 in 2021–22 to $173,000 in 2022–23. Net tax from companies for the 2022–23 income year increased by 9.2 per cent to $140 billion (compared to $128 billion in 2021–22). The biggest company tax liability came from the mining industry (39 per cent of company net tax) with the industry's net tax growing from $42.3 billion to $54.4 billion. The luxury car tax increased by 17.9 per cent to $1,153 million.
News.com.au
6 days ago
- News.com.au
Luxury Range Rover vandalised with brutal 1 word message
Residents in the Eastern Suburbs of Sydney were left stunned this weekend after spotting a luxury black Range Rover vandalised with a brutal message. The head-turning SUV was seen parked at Bondi Beach on Saturday, with passers-by quickly whipping out their phones to film the shocking sight – the word 'CHEATER' spray-painted across the side of the car in white paint. The scene was first posted in the Bondi Local Loop Facebook group on Saturday morning, showing confused locals walking up to the car and trying to decipher what had happened. 'Well deserved,' said one user on the community page, while another referred to the petty revenge as 'gold'. Someone else said they 'loved' the move, while another admitted they thought it was 'too funny'. Another Bondi-goer wondered, 'Who did they upset?' 'Classy,' someone else wrote sarcastically. Others called the person who did this 'crazy,' but soon many began to suspect it could be a marketing stunt, as similar pranks have occurred in the past. 'Looks like a stunt,' pointed out one user, while someone else thought it could be the work of PR maven Roxy Jacenko. The defaced vehicle was later spotted outside Double Bay's Royal Oak Hotel, where it was seen parked for hours, this time with a new message scrawled on its windscreen. 'Don't deny it, I have the receipts!' it said – alongside a QR code. One witness told that their suspicions were confirmed when they scanned the QR code, which directed them to the Nude By Nature website's page for their new mascara, called 'Lash Affair'. The page said: 'Cheater! You've clumped and flaked. You are toxic,' referring to other mascara brands that have unnatural ingredients. 'Time to cheat on your toxic mascara and have a clean Lash Affair,' it continued, before offering customers the opportunity to try the new product for $1. The witness admitted that 'it was a bit of a let down' to find out it was a PR stunt after stirring so much excitement and gossip. It's not the first time an attention-grabbing marketing campaign has occurred in Bondi. In 2022, lingerie brand Nala left their brand's underwear on people's windscreens with a handwritten note that read, 'Hey wild thing, you left these at my place last night'. It sparked heated debates between couples and confusion among singles who had been in their own bed all night. It turned out to be a launch stunt for the brand and definitely proved successful in generating buzz, potentially leading brands like Nude by Nature to follow suit.
Daily Mail
7 days ago
- Entertainment
- Daily Mail
Sydney's Eastern Suburbs rocked by cheating scandal as mystery Range Rover is spray-painted with brutal message
Sydney 's Eastern Suburbs was rocked by a cheating scandal over the weekend after a black luxury Range Rover was vandalised. The eye-popping SUV was first spotted parked at Bondi Beach on Saturday morning, with stunned onlookers quickly whipping out their phones to capture the explosive scene after the word 'cheater' was sprayed boldly across its side in silver paint. Love Island Australia star Aidan Knox was among the first to share the moment to his Instagram Story. Aidan posted a snap of the defaced vehicle with a string of laughing emojis and tagged the location as Bondi. The photo quickly sparked gossip across social media, with many locals claiming to have seen the car parked at various hotspots throughout the day. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. Later that afternoon, the vehicle was seen outside Double Bay's Royal Oak Hotel where the drama only escalated. Gym goers and brunchers noticed the windscreen was plastered with an additional message: 'Don't deny it, I have the receipts!' – alongside a QR code. Naturally, curious passersby couldn't resist scanning the code to discover the identity of the alleged love rat, though the person behind the digital reveal remains unknown. Locals say the car was parked in the area for hours for amused onlookers. 'No one could believe it,' one witness told Daily Mail Australia. 'People were scanning the QR code like crazy and filming it for TikTok.' It's unclear who owns the vandalised Range Rover or what sparked the public naming-and-shaming, but online sleuths are already speculating it's linked to Sydney's influencer scene - or maybe it's another PR stunt. Back in 2022, a mystery man called Max likely had some explaining to do as he was confronted with a rather crude message spray-painted onto his house. The Bondi lothario was clearly having a bad day as his possibly now ex-partner decided to vent their fury over his alleged infidelity by spray-painting a rather rude message in black paint in large letters on the wall next to his door. A tickled passerby uploaded a picture of the graffiti to Facebook, where it garnered quite a bit of attention. The message read: 'Max you cheating p****, got what you're given.' One woman wrote: 'Oooft that's gonna cost him', - presumably in more ways than one.' Another helpfully pointed out that his building manager is soon to join the ranks of furious people in Max's life, commenting 'round of drinks on Max for the building manager'.
Daily Mail
7 days ago
- Entertainment
- Daily Mail
Aussie influencer Suzan Mutesi puts on a busty display as she celebrates her 39th birthday with unlikely reality star friends
Suzan Mutesi rang in her 39th birthday in dazzling style on Saturday, turning heads in a barely-there silver mini dress as she partied with a mix of reality TV stars. The Ugandan-Australian influencer, who boasts 1.2million 'followers', celebrated the occasion at Martina Rose Bay in Sydney 's Eastern Suburbs, flaunting her curves in a revealing cut-out frock that left little to the imagination. Suzan's gown featured dramatic shoulder detailing, fishnet stockings, and glossy black stilettos. The Challenge star completed her bold birthday look with glowing glam makeup and sleek honey-blonde locks. Among the star-studded guest list were some familiar faces from the reality TV circuit, including Married At First Sight groom Ryan Donnelly, who posed happily alongside the birthday girl. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. The Ugandan-Australian influencer, who boasts 1.2million 'followers', celebrated the occasion at Martina Rose Bay in Sydney's Eastern Suburbs on Saturday, flaunting her curves in a revealing cut-out frock that left little to the imagination. Pictured with MAFS' Ryan Donnelly The 37-year-old actor, who caused a stir on this year's MAFS season with his brutal honesty and controversial comments, was all smiles in a navy coat and beige chinos. Not far behind was MAFS bride Carolina Santos, arriving solo after being dropped off in a ute by her new boyfriend. Carolina turned heads in a black crop top and high‑waist faux‑leather pants, effortlessly showing off her toned midriff alongside Suzan. The Brazilian beauty oozed confidence in a black crop top and high-waisted faux leather pants, showing off her killer curves as she posed with Suzan outside the venue. Fashion designer and entrepreneur Tali Jatali also made a glamorous appearance. The 90's style icon rocked a form-fitting white romper with zip-front detail, teamed with knee-high white boots and oversized sunglasses. She arrived clutching a bouquet of cream roses for the birthday girl, and the pair posed for sweet snaps inside. Suzan appeared overjoyed throughout the festivities, mingling with guests, posing for photos and soaking up the attention as she rang in another year. Suzan last made headlines back in May, wearing just a bra as a top at Australian Fashion Week - after causing chaos last year by rocking up in a towel. Suzan stepped out wearing just a bra as a top, the pale blue and black underwear worn under a long, white shawl. She added a pair of black trousers with flashes of neon orange and heels with a gold top detail. Suzan has fast become a fixture at Carriageworks during AFW every year, making headlines for all the wrong reasons.
Daily Mail
21-06-2025
- Daily Mail
Shock details emerge about an Aussie man's alleged cocaine 'dead drop' worth $9.7million
From a parked van near an inner-city reserve, a man retrieves a sports bag he allegedly believes contains cocaine worth millions. It's called a 'dead drop' - with a long history of use in espionage - but unfortunately for the guy who came to collect the package on Friday in Sydney, he was on the wrong side of the intelligence gathering. Australian Federal Police had already replaced the 30kg of wrapped cocaine bricks inside the bag. The amount of drugs had a potential street value of almost $9.7million and would have equated to about 150,000 street level deals, the force said. Officers then arrested their suspect at the end of a foot chase following his return with the goods to the city's salubrious eastern suburbs. Police said they seized the fake cocaine along with encrypted devices and anabolic steroids from his Double Bay home and a nearby unit. Officers were operating undercover, wearing bright orange hi-vis work wear to appear to be tradies, The Daily Telegraph reported. Jonathan Lindsay Fagan, 40, has swapped the prestige postcode for a jail cell after declining to apply for bail in Parramatta Local Court on Saturday. He has been charged with attempting to possess a commercial quantity of unlawfully imported border controlled drugs, which can carry a lifetime prison sentence. The case returns to court on Tuesday. The arrest came after a three-month AFP investigation into an alleged transnational drug trafficking syndicate operating in Australia. The inquiry had disrupted the group's operations, Detective Superintendent Morgen Blunden said. 'This result should serve as a serious warning to potential drug traffickers in Australia - don't get comfortable - because the AFP is constantly working to target and disrupt your criminal operations and bring you to justice.' Friday's operation came a day after another man flew in to Sydney from Dubai allegedly carrying more than 10kg of cocaine in a suitcase.
