From 1 July 2026, the way employers calculate, pay and report super is changing. The new Payday Super  rules mean super will be calculated on qualifying earnings (QE)  and paid each payday , not quarterly.  Qualifying earnings is ordinary time earnings, salary sacrifice contributions and other payments included in salary or wages for Super Guarantee (SG) purposes. While many employers may not pay more super overall, the timing, reporting and compliance obligations  will chang

The ATO is paying closer attention to how income, assets and wealth are structured — particularly where trusts and family groups are involved. While much of the focus is on higher-wealth taxpayers, many small business owners and professionals could also be affected. Key Areas the ATO is Watching Trusts and Family Groups Errors in family trust elections and distributions can trigger unexpected tax and interest. The ATO is encouraging voluntary disclosures to correct past mista

When clients sell a long-held family home, they may be able to channel part of the proceeds into superannuation by using the downsizer contribution rules. Basic Eligibility Conditions To qualify, the seller must meet a number of conditions: They must have reached the eligible age of 55 years (at the time of making the contribution). The eligible dwelling must be located in Australia and have been owned for at least 10 years. The disposal of the dwelling must be exempt from CG

For many Australians, a holiday home is both a retreat and an investment. It’s a place to escape with family and friends, and during the rest of the year it’s listed on Airbnb or Stayz to help cover the costs. Until recently, many owners assumed they could claim most of the usual deductions for the property without much trouble, as long as appropriate apportionments were made. However, that position is now under more scrutiny than ever following the release of some new draft