14 October 2025 While certainly not a joy ride, the progression of the proposed Division 296 tax on superannuation balances above $3 million has taken a few sharp turns – now featuring a re-engineered structure, new thresholds and a delayed start. What’s changed Following industry feedback, the federal Treasurer has responded with several key changes: Read more…

10 September 2025 The fate of the Division 296 tax (Taxation Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023), which aims to tax earnings on superannuation balances of members greater than $3 million up to an additional 15% remains uncertain. The federal Government did not introduce the Bill, nor a modified version, during the recent Read more…

15 August 2025 From 1 July 2025, new corporate climate reporting laws have come into effect, which have been described as ‘the biggest change to corporate reporting in a generation’ by ASIC’s Chair. World-leading changes The world-leading legislative amendments to the Corporations Act 2001 (the Act) requires certain organisations to make detailed disclosures about climate-related risks and Read more…

13 June 2025 Today, Friday 13 June, the Australian Taxation Office (ATO) issued a statement announcing that the High Court has granted the ATO special leave to appeal the Full Federal Court (FFC) decision in the Bendel case. The High Court’s decision to grant the ATO special leave likely stems from the fact the case holds significant Read more…

05 May 2025 With the federal Election being a resounding win for the Australian Labour Party, including their ability to pass legislation through the Senate with their alliance with the Greens, this legislation is likely to be back on the table.  Until Parliament officially sits, and this legislation is then read again, we wait to Read more…

11 April 2025 The Government’s controversial plan to deny tax deductions for ATO interest charges is now law, taking effect from 1 July 2025. It has sharp implications for you personally and your business. From 1 July 2025, you will no longer be able to claim a tax deduction for interest paid to the ATO, specifically: General Read more…

04 April 2025 With the calling of the election for May 3, the  proposed Division 296 legislation (additional taxation on superannuation accounts greater than $3 million) has lapsed. As Parliament is in caretaker mode due to the election, all proposed bills and other business before the House of Representatives (HOR) and Senate expire. What does Read more…

28 March 2025 This year’s federal Budget walks a tightrope between cost-of-living relief and cautious election-year politics. With major tax reforms notably absent, the Government has opted for modest, targeted measures over structural change — a clear signal that it’s budgeting with the ballot box in mind. While households may welcome the immediate support, those Read more…

21 March 2025 The Full Federal Court (FFC) has ruled that unpaid present entitlements (UPEs) to corporate beneficiaries are not loans under Division 7A. This landmark decision challenges the longstanding ATO view that UPEs should be treated as loans and can trigger deemed unfranked dividends for tax purposes. However, in a move that surprises no Read more…

28 February 2025 Being classified as a wholesale investor opens doors to exclusive investment opportunities that retail clients cannot access. For many Self-Managed Superannuation Fund (SMSF) trustees, this classification has allowed participation in placements and other high-net-worth investment opportunities. However, recent AFCA rulings and regulatory scrutiny may impact how SMSFs qualify as wholesale investors, potentially Read more…