SMSF Property Loans – Deadline Announcement
Dear Clients and Associates, We wanted to reach out and provide an update on our recent newsletter regarding the SMSFs use of Limited Recourse Borrowing Arrangements (LBRAs) topurchase residential residential property. The legislation has now officially been passed, meaning that from 10 August 2026, SMSFs can longer enter into new LRBAs to purchase residential property. […]
Get Ready for 2026–27: Practical Steps SMSF Trustees Must Take Now
With the start of the 2026–27 financial year, SMSF trustees should take a proactive approach to ensure funds remain compliant and well positioned. Below is a concise checklist of the key legislative changes, compliance deadlines and practical steps trustees should prioritise. 1. Review Transfer Balance Cap and Pension Planning Indexation of the general TBC: From […]
Tax Ombudsman Sees 127% Surge in Complaints: What It Means for You
The Tax Ombudsman has reported a dramatic 127% increase in complaints about the ATO this financial year (to 30 April 2026), with nearly 3,000 complaints received in the first ten months. Debt collection, penalties, and tax debt interest charges have dominated the issues raised. Tax Ombudsman Ruth Owen has linked the sharp rise directly to […]
ATO Cracks Down on Personal Services Income Arrangements: Is Your Business at Risk?
The ATO is sharpening its focus on how taxpayers generating income from personal services deal with that income for tax purposes. In a recent Spotlight bulletin, Small Business Assistant Commissioner Tony Poulakis highlighted the release of Practical Compliance Guideline PCG 2025/5. This guideline clarifies the ATO’s compliance approach to the “alienation” of personal services income […]
Payday Super Has Arrived – What Employers Need to Know
One of the most significant changes to the Australian superannuation system in decades has now commenced. From 1 July 2026, Payday Super requires employers to ensure super contributions reach employee super funds within seven business days of each payday. For many businesses, this represents a major shift from a quarterly payment cycle to a more frequent, […]
Updates to Budget Measures And New Developments
Since the Federal Treasurer handed down the 2026-27 Federal Budget on 12 May 2026 there has been a significant amount of commentary on some of the more controversial proposals, including the decision to replace the CGT discount with an indexation system and impose a 30% minimum tax rate on discretionary trusts. Since our latest update […]
Investment Property Loans & your SMSF
Dear Clients and Associates, We wanted to make you aware of a proposed change to the superannuation rules that may affect SMSFs who are looking to purchase residential property using borrowed funds. The Government is currently discussing legislation that would prevent SMSFs from entering into new Limited Recourse Borrowing Arrangements (LRBAs) to purchase residential […]
SMSF year end reminder — what to check before 30 June
The end of the financial year is fast approaching. For SMSF members and trustees, a few timely checks now can avoid headaches later and help preserve valuable tax and contribution opportunities. Below is a checklist of the things members and trustees should consider before 30 June. Contributions — timing matters Get contributions into the fund […]
Government to wind back electric vehicle FBT exemption in three stages
The Government has announced a staged windback of the current Fringe Benefits Tax (FBT) exemption for electric vehicles (EVs), following recommendations from the Statutory Review of the Electric Car Discount released in May 2026. While the policy continues to support EV uptake, it also aims to make concessions more sustainable and better targeted. The changes […]
Ending card surcharges: What you need to know before 1 October 2026
The Reserve Bank of Australia (RBA) has confirmed that all surcharges on credit and debit card payments — across eftpos, Mastercard and Visa — will be banned from 1 October 2026. This represents one of the most significant updates to Australia’s payments landscape in years and will have a direct impact on businesses and consumers. […]
