Hey mate thanks for bringing this Tax policy to my attention, I didn't know about it and so just looked it up.
It's very interesting and it makes me wonder.
So I'd only pay 15% tax on a super contribution instead of the max of 45%, or if we can get the CGD, 22.5%, which on your hypothetical $100,000 contribution, means I keep an extra $30,000, or $7,500 (if CGD) but that all goes into my super.
Out of $100,000 untaxed income, in one case I get either $55,000 or $77,500 (CGD) of that in my pocket,
OR my super gets $85,000 of it.
Interesting decision to make!
But thanks again for bringing this to my attention
P.S. You can see how much unused concessional contributions you are eligible to contribute by visiting MyGov, ATO.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Spikerama
Regular
Dijon, I really have no idea mate. Except that court cases always take faaaaaar longer than anyone, besides the lawyers, ever expects. And cases of this magnitude take even way longer that that.
There's always curve balls chucked in and as we know the DRC, aided by the corrupt Chinese have mastered the art of tossing curve balls. So I've parked any expectations at this point.
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Trump launches critical minerals probe to weigh new tariffs
The administration could consider levies on critical minerals, following other sector-specific tariffs imposed on steel and aluminium, automobiles and car parts.
The findings will be damning and I suspect something Trump won't appreciate. China controls that narrative.
Goes without saying, but this just further drives the need for Manono to stay in western hands.
Also another item from the AFR.
https://www.afr.com/world/asia/how-china-plans-to-cripple-the-us-in-trade-war-20250415-p5lrxc
Carlos Danger
Top 20
2027 at the earliest
Carlos Danger
Top 20
KoBold are keen to get a deal done before ICSID finalises. Whether AVZ accept the discount offer or push ahead to 2027 and beyond for enforcement is up in the air. But the gringos do not care about the ICSID outcome and specifically stated that all legal cases need to be dropped for the deal.
Which 2 court systems are you referring to?
If you are talking about ICSID and ICC they are looking at different issues and have vastly different rules as Cominiere humiliatingly found out when trying to have the partial award at the ICC thrown out on the basis that the ICSID excluded the north from the interim measures imo
Hey Dijon,
Expect 3 months of deliberation re ICSID post hearing.
Currently we have 3 days set aside with a 4th if we need it, there will be no dragging it out on either side once it starts.
The thing with commercial courts (as apposed to criminal) is that theres no "gotcha moments" - i.e. in the process of discovery and approval of single expert witnesses etc, pretty much everything is known prior to the start of proceedings and laid out before the court.
Each side then gets to argue their case on the known facts previously presented before the court (this is why the discovery and subpoena process etc takes so long). Essentially, theres no new evidence / documentation / witnesses brought forward during the proceedings.
My thoughts for what they're worth are that neither side want this to go through to its finality at ICSID - the DRC will already know what's in front of the panel (including all of the likely references that point towards various levels of corruption etc), hence why their trying a last ditch effort to have the case set aside on jurisdictional grounds - they'd be mad if they didn't try it. I imagine the US on the other hand won't want this to surface as the more dirty laundry that's officially aired the harder it is for the US to officially engage (think restrictions around the Magnitsky act as a a start - which covers corruption along with human rights abuses etc).
I reckon we'll get a term sheet with CPs around the concurrent reinstatement of 13359 in its entirety, splitting the north for compo, selling the south to US co. and dropping all of the cases. I reckon we'll get this within the next 3 weeks.
For what its worth Nigel's stopped responding to my calls, which in the past has preceded and announcement - but seriously, I wouldn't read too much into this. We can only hope.
Good luck to everyone - Ive been in this since 2016, its been one helluva ride, but theres some serious quality on this forum that's helped keep me sane. Hopefully see you all on the other side.
Cheers,
Powerage.
Mute22
Regular
See you Easter 2026!
But seriously, appreciate your thoughts and let’s hope it all comes together this way for a clean resolution for all involved. Nothing good for any party if this goes through the courts.
Getting really sick of 2-minute noodles.
Retrobyte
Hates a beer
Frank
Top 20
Not a single mention of non-stop corruption by Congolese Govt elites (and their Chinese paymasters).
RHyNO
Regular
That guardian narrative is truely hilarious, under no circumstances could the country who has shit on its citizens by supporting corruption be accountable for shitting on its citizens by supporting corruption, it’s definitely white Christian males aged 45 and over that ruined everything by inventing math and ethics
Carlos Danger
Top 20
What are you basing the ‘3 months’ on?
Clearly not the ICSID procedural rules, 9card’s timeframes or Nigel’s comment at the AGM that it will last until late 2026 or early 2027
You smashed me in likes tho lmao
3 months deliberation
then court hands down findings
then awards (think of this as sentencing)
then appeals process (inevitable regardless of who's found to be in violation)
then liquidation of awards
If it goes the full process, we'll definitely be into 2026 (but for the record, I don't believe this will be allowed to proceed in June).
Also, (and my apologies if this sounds negative), we must remember that if all goes to plan, we'll be selling at asset level. This means it's highly likely that proceeds will get returned to SHs as non franked dividends after the exploitation of any relevant local tax breaks and an ATO class ruling (this takes another 3 months). The ROC% will be relatively small.
Unfortunately this is something that the majority of SHs won't care about given they are off shore entities). Forget share buy backs etc. The only way around it as i see it is if its a deal with a RIO whereby we take equity (highly unlikely) or a very small chance of relisting with a similar asset purchased from Manono sale funds (again highly unlikely and a ridiculous amount of red tape) - again majority of large SHs are based off shore and happy with cash.
I've just been through a very similar example with LLL / FFX (forced sale to the Chinese at asset level in Mali) and PSC (sold to Chinese at asset level in Zimb). My asshole has only just recovered after the ATO turned it into a butchers bin. (Although for PSC, I was a non resident so didn't pay any tax).
If you have enough in this (and its in your own name) and it pans out how I expect, its probably worth moving to Dubai and playing golf for 2 years in order to get the non tax residency status for Aus...
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Who really knows how long these behind-the-scenes discussions have been going on before the media started picking it up.
If things are only now starting to heat up, 46 days is barely any time to untangle this mess, strike a deal with the US, bring in new parties, and somehow get the DRC to sign off on a resolution that compensates shareholders. The DRC is clearly still trying to walk a tightrope between US and Chinese interests — and both sides are dug in, locked in this 'wolf warrior' standoff on every front, unwilling to budge. Meanwhile, we’re the ones stuck in the middle of this geopolitical tug-of-war.
I still believe no deal will be reached before the deadline. They'll likely drag it out until the very last minute, until the final verdict looms and only then will they come to the table.
Long story short, my gut says we’re still months away from a resolution. But damn, I’d be over the moon if it came sooner!
It's hard to know but I think there are clues.Who really knows how long these behind-the-scenes discussions have been going on before the media started picking it up.
If things are only now starting to heat up, 46 days is barely any time to untangle this mess, strike a deal with the US, bring in new parties, and somehow get the DRC to sign off on a resolution that compensates shareholders. The DRC is clearly still trying to walk a tightrope between US and Chinese interests — and both sides are dug in, locked in this 'wolf warrior' standoff on every front, unwilling to budge. Meanwhile, we’re the ones stuck in the middle of this geopolitical tug-of-war.
I still believe no deal will be reached before the deadline. They'll likely drag it out until the very last minute, until the final verdict looms and only then will they come to the table.
Long story short, my gut says we’re still months away from a resolution. But damn, I’d be over the moon if it came sooner!
- we know Kobold was sniffing around last year
- one we don't have to guess is when the DRC sent their 'minerals for security' 9ffer to the US
- Boulos was promoted to grand-poobah of African relations right before making a trip to DRC. He didn't go on a fact-finding mission, he's a closer there to work on getting a deal done.
These are all events with known dates that work well enough to set up an agreement prior to arbitration
Stockinvesting
Regular
Well laid out mate. Agreed.
FWIW, I can't see the USA taking their time on this.
Felix needs a fix. Fast. We all know he approached THEM , not the other way around.
He wants a quick fix and is prepared to sell the family jewels (Manono) to get it.
WANT THIS. They (Trump) will not like playing 2nd fiddle to anyone, Kobold, Arabs, Europe and definitely NOT the Chinese.I really believe a deal is not to far away.
GLTAH.
Hemicuda
Regular
Will it feel better or worse? after all this time of being fucked by the DRC and Chinese cunts, to turn around be proper fuckd by ATO,,, something to
Look fwd to,,,,
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