Expat Chat Ep 47 - How Does A Labor Election Victory Affect Expats

Welcome to our forty seventh episode of Expatchat where we discuss the latest tax and financial issues affecting an Australianexpat. In today's Expat Chat we discuss how the recent Labor party victory at the Australian Federal election and how it affects Australian expats. For most Australian expats it would not come as a surprise (and for some a relief) that the Albanese led government was elected to power in the recent election but what does this mean for Australian expats. As the Liberal party gets escorted out of office there are a lot of legislative polices that potentially could affect Australian expats with the most notable one being the changes to the tax residency rules. In this episode we run through the following topics: • How is the new Labor government different to Labor parties of the past? • Will the new government follow through with the proposed tax residency rule changes? • Will the SMSF rules that the Liberal party proposed in 2021 be enacted by the Labor party? • What qualifications does a Australian expat financial planner need to hold to be able to provide compliant and qualified Australian expat advice? • Australian expat Q&A - we answer a couple of questions that have been submitted through the form below on the topic of managing a property as a expat and whether to use a offset or redraw account to manage cashflows. Links that we discussed in this episode include: • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ • Blog Article on the Change of Government - https://atlaswealth.com/news/what-does-the-new-australian-government-mean-for-australian-expats/ If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. Make sure you connect with us on our respective social media channels: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt