Amidst the noise of the recent Federal Budget announcements, an important and contentious superannuation measure is set to commence shortly. From 1 July 2026, individuals with a total superannuation balance (TSB) exceeding $3 million will be subject to the new Division 296 tax. This tax applies to a portion of superannuation earnings and is assessed…
After weeks of speculation and leaks, last night we finally saw the Federal Budget in full. The Government has made its intentions clear – to reduce tax benefits for investors and some business operators, while attempting to reshape the property market in favour of owner-occupiers. There is a significant amount to work through. At a…
The Australian Taxation Office (ATO) has announced targeted relief measures to assist businesses experiencing cashflow pressure as a result of the current fuel crisis. These measures apply from 1 April 2026 and are currently available until 30 June 2026. What support is available? The ATO has introduced a Fuel Response Payment Plan and confirmed a…