2023 – It’s a wrap for Synectic

In our last newsletter for this year, we take the opportunity to shout out some 2023 highlights and share what the team have been up to throughout the year.

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December 2022 newsletter

In our last newsletter for this year, we take the opportunity to acknowledge some 2022 highlights and share what the team have been up to.

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Federal Budget 2022

Released on 29 March 2022, the Federal Budget was six weeks earlier than usual to allow for the upcoming Federal Election, to be held before 21 May 2022. This pre-election Budget is aimed primarily at cost of living, growth and employment.

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Welcome Claire Smith, Senior Consultant

Synectic are excited to introduce Claire Smith, who joined our Business Advisory and Consulting team in November. Claire specialises in business performance advice, management consulting, risk & governance, and internal audit.

Claire is an experienced senior executive and accountant with almost 20 years’ experience across the private and public sectors, including almost seven years with Cradle Coast Authority as the Deputy CEO. She has a diverse work history which goes beyond traditional accounting and finance roles and spans the hospitality, recruitment, resource consulting and local government sectors.

Highly driven, Claire is a fellow of CPA Australia, has a Bachelor of Commerce (Accounting), an Advanced Diploma of Business Management and is a graduate of the 2019 Tasmanian Leaders Program. She is an active contributor to her professional body, CPA Australia, as a Tasmanian Divisional Councillor and Chair of the North West Regional Member Network. Claire an independent member of the Department of Treasury and Finance Risk Management Committee and a volunteer board member and Treasurer for the Devonport Football Club.

Claire’s key strengths include leadership, strategy and business development, stakeholder engagement, project management, financial reporting, management accounting and governance. She also has an extensive background in risk management, quality assurance, compliance, human resources, workforce development, economic development and digital transformation.

Claire is passionate about business performance and improvement and building lasting relationships which add value to businesses and the community. She cares deeply about strong, effective and empathetic leadership and is committed to enabling positive change while supporting and inspiring others to reach their potential.

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Welcome PJ Cameron, Financial Adviser

Synectic are thrilled to introduce Financial Adviser Peter-James (PJ) Cameron, who joined our Synectic Wealth team last October.

PJ provides proactive, strategic advice to help you invest with confidence, structure your affairs intelligently, and get the most out of your unique circumstances.

Previously based in Sydney, PJ moved to Launceston with his young family in 2021 to join Synectic as a financial adviser. He has been in the financial  services industry since 2014 and brings with him a range of experience gained in leading institutional super funds, boutique advisory firms, and funds management. PJ’s previous corporate roles provide him with valuable insights into the investment solutions he delivers to help his clients achieve their financial goals.

PJ is passionate about the intersection of people and financial markets. His focus is on delivering high quality, empathetic advice that helps his clients achieve their goals. He enjoys building lasting relationships with people and working with them to develop clear financial plans, structure assets intelligently, and invest with confidence.

Working with a wide variety of people and their financial needs, PJ’s areas of expertise include wealth management, superannuation, retirement planning, self-managed super funds (SMSFs), direct equities, structuring, and personal insurances.

Together with Synectic’s other financial advisers, PJ works alongside our talented team of accountants and business advisers to bring a focus on long-term investments and financial planning. The team’s work involves understanding your goals, putting a long-term plan in place, researching and recommending suitable investments, and managing risk along the way.

PJ is driven to make a difference to people and his community. He is looking forward to the opportunities ahead as he and his family embrace life in Tasmania.

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Contact us to speak with PJ

Peter-James Cameron is a Sub-authorised Representative (#1266801 ) of Synectic Wealth Pty Ltd (ABN 24 615 317 194) which is a Corporate Authorised Representative (#1250871) of Alliance Wealth Pty Ltd (ABN 93 161 647 007 | AFSL 449221) www.centrepointalliance.com.au. Synectic Wealth Pty Ltd is the financial services division of Synectic. Learn more here.

This information has been provided as general advice. We have not considered your financial circumstances, needs or objectives. You should consider the appropriateness of the advice. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.

Federal Budget 2020-21 update

Released at 7:30pm on 6 October 2020, the Federal Budget 2020-21 was delayed as a result of Australia’s – indeed the world’s – attention being diverted to managing the COVID-19 pandemic.

As a result, the Budget is all about stimulus an support. Read more

JobKeeper extension

The JobKeeper scheme has been extended from 28 September 2020 until 28 March 2021. The extension applies over two separate extension periods:

  • Extension 1: from 28 September 2020 to 3 January 2021
  • Extension 2: from 4 January 2021 to 28 March 2021

For each extension period, an additional actual decline in turnover test applies and the rate of the JobKeeper payment is different.

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Important Updates to Job Keeper 1.0 & 2.0

Changes to JobKeeper eligibility rules, announced on 14th August, mean we now need to revisit JobKeeper 1.0 to ensure your business stays eligible and to maximise your JobKeeper entitlements. Indeed, the changes may result in increased JobKeeper 1.0 payments for some businesses.

The government has also announced a relaxation of eligibility criteria for JobKeeper 2.0.

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COVID-19 Important Updates

As we continue to adapt to life with the coronavirus, the one certainty is how rapidly things can change, and predicting how the next six months unfolds would be anyone’s guess. Despite the uncertainty, both Federal and State governments continue to do all they can to assist businesses and the economy to respond accordingly.

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Important JobKeeper Updates

The ATO continues to roll out much-needed details about JobKeeper Payments, allowing us to advise clients with increasing clarity. Recent information has served to broaden eligibility for some businesses and extend deadlines, opening pathways for more businesses to potentially benefit from the subsidy.

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