Category: Uncategorized

  • Super Update December 2025

    Below is a round-up of some superannuation changes and key developments that may be relevant to you, as trustee of your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF. We intend to regularly provide you with…

  • Upcoming lodgement dates

    December 2025 21 December Monthly BAS due (November 2025) January 2026 21 January Monthly BAS due (December 2025) 28 January Super guarantee due for Q2 (Oct–Dec 2025) February 2026 21 February Monthly BAS due (January 2026) March 2026 21 March Monthly BAS due (February 2026) April 2026 21 April Monthly BAS due (March 2026) 28…

  • New Portable Long Service Leave Scheme for NSW Community Services Workers

    Effective 1 July 2025, the NSW Government is introducing a new portable long service leave scheme for the community services industry. What is the new scheme about? Traditionally, long service leave entitlements only applied when a worker remained with the same employer for 10 or more years. In the community services sector, where many employees…

  • Important ATO Changes Coming for Holiday Homes: What You Need to Know

    The Australian Taxation Office (ATO) has released new draft guidance that changes the way deductions will work for holiday homes that are also used for private purposes. These changes could affect many people who rent out their beach house, mountain getaway, Airbnb, farm stay, or any short-stay accommodation they also enjoy personally. These changes will…

  • Land Tax: Key 31 December Deadline for Trusts Holding Property in NSW, Victoria and the ACT

    As the end of the year approaches, trustees and their advisers should review any trust structures that hold property in New South Wales, Victoria or the Australian Capital Territory before the 31 December land tax assessment date.Timely action now can help manage risk and avoid unnecessary tax exposure — especially in relation to foreign person…

  • Bendel Case Update – High Court Hearing

    The High Court heard the Commissioner’s appeal in Commissioner of Taxation v Bendel [2025] FCAFC 1 on 14 October 2025. At issue is whether unpaid present entitlements (UPEs) from a trust to a corporate beneficiary amount to a “loan” under section 109D of the Income Tax Assessment Act 1936, on the basis that allowing the…

  • ATO Clarification on NALE rules

    ATO Clarifies When Trustees Can Help Their Own SMSFs Without Triggering NALE Issues The Australian Taxation Office (ATO) has released updated guidance on how the Non-Arm’s-Length Expenditure (NALE) rules apply to self-managed super funds (SMSFs). These updates are part of changes to Law Companion Ruling (LCR) 2021/2, and they bring some welcome clarity for trustees…

  • Changes to National Awards and Employment Obligations – Effective 1 July 2025

    Significant changes to employment obligations will take effect from 1 July 2025, impacting wages, superannuation, and employee entitlements. Employers should review their payroll and HR processes to ensure compliance. 1. Increase to the National Minimum Wage and Award Wages From the first full pay period starting on or after 1 July 2025, the National Minimum…

  • Changes to Superannuation

    Below is a round-up of some superannuation changes and key developments that may be relevant to you, as trustee of your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF. We intend to regularly provide you with…

  • Understanding Div296

    The federal election is now done and dusted with the Labor party retaining government. What does this mean for the $3 million super tax? The bill in relation to Division 296 (Div296) lapsed on 28th March 2025 when the federal election was called. It is now expected to be reintroduced to parliament, but it’s uncertain if…