Page 7 of 21

Re: Gaza FC - Salary Cap Breaches

PostPosted: Mon Oct 02, 2023 6:59 pm
by old fullback
Where is Gazas proof that this never happened? Got caught now pay for it, asking the community for funds is a bit rich

Re: Gaza FC - Salary Cap Breaches

PostPosted: Tue Oct 03, 2023 2:29 pm
by Jimmy_041
$3,067 today

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 04, 2023 8:31 am
by gadj1976
Jimmy_041 wrote:$3,067 today


They'll be back on the park in no time at this rate 8)

Re: Gaza FC - Salary Cap Breaches

PostPosted: Fri Oct 06, 2023 2:36 pm
by Jimmy_041
$3,367

Breaching the weekly salary cap again 8)

Re: Gaza FC - Salary Cap Breaches

PostPosted: Tue Oct 10, 2023 3:17 pm
by Armchair expert
Question - Why is there a salary cap anyway?

Re: Gaza FC - Salary Cap Breaches

PostPosted: Tue Oct 10, 2023 3:54 pm
by jo172
Armchair expert wrote:Question - Why is there a salary cap anyway?


Under the rules this is the purpose and objects.

I would be very interested in some rigorous analysis as to whether the Salary Cap is achieving these objects and if it is, the extent to which the negatives outweigh the objects which are being achieved.

I don't have a firm view one way or the other, but I tend to suspect at least in respect of some of the objects its entirely counter productive.

Re: Gaza FC - Salary Cap Breaches

PostPosted: Tue Oct 10, 2023 3:56 pm
by jo172
I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.

Re: Gaza FC - Salary Cap Breaches

PostPosted: Tue Oct 10, 2023 4:17 pm
by Jimmy_041
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.


and contrary to popular belief, it was first proposed by country leagues because payments were getting out of hand

Gaza score today

$3,392

Re: Gaza FC - Salary Cap Breaches

PostPosted: Tue Oct 10, 2023 4:34 pm
by jo172
Jimmy_041 wrote:
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.


and contrary to popular belief, it was first proposed by country leagues because payments were getting out of hand

Gaza score today

$3,392


Particularly given looking at objectives (a) to (d) and (f) at least in respect of the AdFL a combination of APPS and promotion and relegation go a reasonable way to achieving those objectives

Re: Gaza FC - Salary Cap Breaches

PostPosted: Tue Oct 10, 2023 8:13 pm
by heater31
Jimmy_041 wrote:
Gaza score today

$3,392


That's only going to get a couple of hours of legal counsel......

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 11, 2023 6:54 am
by LaughingKookaburra
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.


Only in my opinion, however I also suspect an unspoken reason why salary caps are in place is to also keep the tax department at bay. I do find it interesting how blokes can knowingly can get paid $9-10k in traceable funds a year on top of their current earnings and not pay a cent in tax (In some cases much more as coach ect) - If that goes too big then you are giving the tax department a real good reason to get involved. Also, if you get too big you can leave yourself wide open to more interesting activities as we have seen in some cases with grass roots soccer across the country.

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 11, 2023 11:15 am
by Jimmy_041
LaughingKookaburra wrote:
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.


Only in my opinion, however I also suspect an unspoken reason why salary caps are in place is to also keep the tax department at bay. I do find it interesting how blokes can knowingly can get paid $9-10k in traceable funds a year on top of their current earnings and not pay a cent in tax (In some cases much more as coach ect) - If that goes too big then you are giving the tax department a real good reason to get involved. Also, if you get too big you can leave yourself wide open to more interesting activities as we have seen in some cases with grass roots soccer across the country.


Interesting discussion this

I was talking with an AdFL umpire at the pub and he said he gets taxed on his payment yet others say they dont.
My understanding was hobbies weren't taxable until the ATO deems them to no longer be a hobby (ie) you are earning regular good money. You also cant claim deductions (which is fair enough)
Anyone know for sure?

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 11, 2023 12:13 pm
by S Demon
Jimmy_041 wrote:
LaughingKookaburra wrote:
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.


Only in my opinion, however I also suspect an unspoken reason why salary caps are in place is to also keep the tax department at bay. I do find it interesting how blokes can knowingly can get paid $9-10k in traceable funds a year on top of their current earnings and not pay a cent in tax (In some cases much more as coach ect) - If that goes too big then you are giving the tax department a real good reason to get involved. Also, if you get too big you can leave yourself wide open to more interesting activities as we have seen in some cases with grass roots soccer across the country.


Interesting discussion this

I was talking with an AdFL umpire at the pub and he said he gets taxed on his payment yet others say they dont.
My understanding was hobbies weren't taxable until the ATO deems them to no longer be a hobby (ie) you are earning regular good money. You also cant claim deductions (which is fair enough)
Anyone know for sure?

If he's getting taxed it probably means he's declaring the income

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 11, 2023 12:16 pm
by ThinkVision
Jimmy_041 wrote:Interesting discussion this

I was talking with an AdFL umpire at the pub and he said he gets taxed on his payment yet others say they dont.
My understanding was hobbies weren't taxable until the ATO deems them to no longer be a hobby (ie) you are earning regular good money. You also cant claim deductions (which is fair enough)
Anyone know for sure?


I didn't umpire this year but did the five or six years prior. Definitely didn't get taxed and/or need to declare it at tax time, it was classed as a hobby. I highly doubt it changed this year.

It was only a few years back it changed to electronic payments and I think the only issue there for some was hiding the spending money from the home tax office 8) .

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 11, 2023 12:46 pm
by Trader
Jimmy_041 wrote:
LaughingKookaburra wrote:
jo172 wrote:I know that there is some data to the effect that there are far less clubs falling over post salary cap than pre salary cap, but not sure to what extent this is correlation as opposed to causation.


Only in my opinion, however I also suspect an unspoken reason why salary caps are in place is to also keep the tax department at bay. I do find it interesting how blokes can knowingly can get paid $9-10k in traceable funds a year on top of their current earnings and not pay a cent in tax (In some cases much more as coach ect) - If that goes too big then you are giving the tax department a real good reason to get involved. Also, if you get too big you can leave yourself wide open to more interesting activities as we have seen in some cases with grass roots soccer across the country.


Interesting discussion this

I was talking with an AdFL umpire at the pub and he said he gets taxed on his payment yet others say they dont.
My understanding was hobbies weren't taxable until the ATO deems them to no longer be a hobby (ie) you are earning regular good money. You also cant claim deductions (which is fair enough)
Anyone know for sure?


The hobby rule used to be capped at $3k.
I think they changed that now, and it's more about the intent, it's wishy washy.
I think there is some line about if you're doing it for enjoyment (and happen to get money), then it's a hobby, but if you're doing it for the cash, then its clearly taxable.

I think they changed the rules when the 'gig' economy started to take off. Think Uber, airbnb, webcaming, etc. These are 'casual' forms of income, but all done for the purpose of earning money, more than the enjoyment of the activity.

I think sport umpiring is still a grey area.
I suspect if you're doing one game once a week, and paying tax on a regular job, then no worries.

If you're doing 4 games a weekend, and have no other source of income (or only minimal), then they'd be far more likely to rule it as your job and want you to pay tax on it.

*this is not financial advice and you should seek out an expert opinion*

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 11, 2023 3:25 pm
by jo172
The other elephant in the room is that if it's taxable income then clubs ought to be considering super contributions, workcover etc.

If you wanted to wipe payment out of footy getting return to work chasing clubs would be one of the quickest ways because they can be ruthless.

Re: Gaza FC - Salary Cap Breaches

PostPosted: Wed Oct 11, 2023 5:26 pm
by Yank Man
jo172 wrote:The other elephant in the room is that if it's taxable income then clubs ought to be considering super contributions, workcover etc.

If you wanted to wipe payment out of footy getting return to work chasing clubs would be one of the quickest ways because they can be ruthless.



Very interesting topic, you are right jo172 all that should be part of it. Back in the day when I was football director at Edwardstown all paid players received a group certificate and had to declare their earnings, and frankly most of them were earning the same as current day players. The upside was they were allowed to claim expenses. Times have changed obviously but what constitutes a ‘hobby’ and how much is free and not taxable.

Re: Gaza FC - Salary Cap Breaches

PostPosted: Thu Oct 12, 2023 2:00 pm
by Dinglinga75
Surely Greg Griffin could do this pro bono. ... bit of a The Castle feel to it ... just hope Gaza have a photocopier that works

Re: Gaza FC - Salary Cap Breaches

PostPosted: Thu Oct 12, 2023 2:28 pm
by Jimmy_041
Dinglinga75 wrote:Surely Greg Griffin could do this pro bono. ... bit of a The Castle feel to it ... just hope Gaza have a photocopier that works


He does everything out of the goodness in his heart

Re: Gaza FC - Salary Cap Breaches

PostPosted: Thu Oct 12, 2023 2:42 pm
by amber_fluid
Jimmy_041 wrote:
Dinglinga75 wrote:Surely Greg Griffin could do this pro bono. ... bit of a The Castle feel to it ... just hope Gaza have a photocopier that works


He does everything out of the goodness in his wallet


EFA