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Article Proposed one-off relief to avoid exceeding the concessional contributions cap under Payday Super Employees could have more than 12 months of employer super contributions counted towards their 2026–27 concessional contributions cap where June 2026 quarter contributions were received by their fund in July, alongside contributions under Payday Super. Schedule 6 of the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 proposes one-off relief to disregard certain June […] 22/10/2026
Article Fraud risks facing Australian financial institutions Australian financial institutions sit at the centre of a fraud ecosystem shaped by instant payments, digital onboarding, data-rich customer relationships, and increasingly convincing impersonation. In 2025, combined scam losses reported across key Australian channels reached $2.18bn, an increase of 7.8%, despite the number of reports falling. Investment scams accounted for $837.7m, while payment redirection scams […] 21/10/2026
Submissions Trust in the detail, part three: The minimum tax on trusts Bill After a short consultation period, on 14 October, the Federal Government has introduced into the House of Representatives the legislation relating to the proposed new taxation regime relating to discretionary trusts (Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026 and the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026). The proposed […] 15/10/2026
Article ATO sharpens GST focus on real property in Top 1,000 Assurance Program The Australian Taxation Office (ATO) has released its latest findings report on the Top 1,000 GST Assurance Program, providing valuable insight into the areas attracting increased scrutiny during goods and services tax (GST) assurance reviews. The report highlights a continued focus on ensuring taxpayers are correctly reporting GST and maintaining effective tax governance frameworks, while […] 30/09/2026
Article New 50% CGT discount proposed for investments in innovative start-ups Treasury has released draft legislation that will preserve the 50% CGT discount for eligible investments in innovative Australian start-ups for CGT events occurring on or after 1 July 2027. Background Following Royal Assent of the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 on 26 June 2026, from 1 July 2027 the 50% capital […] 21/09/2026
Submissions Trust in the detail, part two: SW responds to the minimum tax trust exposure draft SW has made a further submission to Treasury (read here) on the exposure draft legislation for the 30% minimum tax on discretionary trusts, calling for a workable fixed trust definition, a more flexible election regime, and rollover relief that does not come at the cost of State duty. Introduction On 3 September 2026 the Government […] 18/09/2026
Article What the ATO’s finalised software royalties ruling & draft guidance means for businesses The Australian Taxation Office (ATO) recently issued TR 2026/2, which sets out its view on when payments relating to software and intellectual property rights may constitute royalties for Australian tax purposes. At the same time, the ATO released draft PCG 2026/D4, which provides a practical compliance framework to help taxpayers assess the ATO’s likely level […] 11/09/2026
Article Pillar Two in year 2 & what’s different from year 1 For many multinational enterprise (MNE) groups, the first year of Pillar Two compliance (typically the year ended 31 December 2024) was largely a transition exercise. While most MNE groups spent considerable time understanding the rules, establishing governance processes, and assessing the availability of the Transitional CbCR Safe Harbour (TCSH), the practical compliance burden was often […] 08/09/2026
Article Treasury releases exposure draft on the 30% minimum tax on discretionary trusts The Federal Government has released exposure draft legislation to implement its proposed 30% minimum tax on discretionary trusts, announced in the 2026-27 Federal Budget. The package includes three interconnected measures: The draft provisions represent one of the most significant trust taxation reforms in decades and will require many family groups to assess whether their existing […] 07/09/2026
Article The ATO’s draft tax guidance on crypto airdrops & wrapping The Australian Taxation Office (ATO) has released Draft Taxation Ruling TR 2026/D1 and Draft Taxation Determination TD 2026/D2, setting out its preliminary views on the income tax treatment of crypto asset airdrops and the capital gains tax (CGT) consequences of wrapping and unwrapping crypto assets. The draft guidance may affect crypto asset businesses, investors, and […] 03/09/2026
Article ASIC confirms indexation of the net tangible asset requirement Australian Securities and Investments Commission (ASIC) has confirmed it will increase the net tangible assets (NTA) requirements for responsible entities of registered managed investment schemes, operators of investor directed portfolio services (IDPS), and corporate directors of retail corporate collective investment vehicles (CCIVs). The revised thresholds will be effective from 1 July 2027. What is changing […] 31/08/2026
Article ACNC’s 2026–27 focus areas & what Boards & CFOs should be across The Australian Charities and Not-for-profits Commission (ACNC) has set out where it will be looking this year, and both priorities land directly on the Board’s table. The regulator has named two areas of focus for 2026–27, those being: Neither is new territory for a well-run charity, but both are worth a proper look before the […] 28/08/2026
Past event Navigating the new requirements for Payday Super Payday Super is here, bringing new compliance demands for employers. With the changes in effect from 1 July 2026, organisations must consider whether their payroll processes and systems are ready to meet the new requirements. Join us for one of two practical sessions to understand what Payday Super means for your organisation and where issues […] 27/08/2026
Article Discretion advised on the 30% trust tax, $10m CGT lifeline & startup sweeteners The Federal Government has released further detail on its tax reform package, providing greater clarity on measures affecting small businesses, startups, and trust structures. These updates provide further clarity on the 2026–27 Federal Budget reforms, outlining how key measures will operate in practice, as set out in the Government’s tax reform implementation announcement and legislated […] 24/08/2026
Article Horizon Europe audits explained & what universities need to know Australia and New Zealand’s association with Horizon Europe is expected to create significant new opportunities for universities and research institutions to access European research funding. Horizon Europe works on a 7-year cycle. Framework Program 9 (FP9) is the current version, running from 2021-2027. As institutions either conclude FP9 or look to begin participating in Horizon […] 14/08/2026
Article Research income & research funding assurance For many universities, the Higher Education Research Data Collection (HERDC) is treated as an annual compliance task. It is far more than that. HERDC determines each institution’s share of the Commonwealth’s research block grant pool, $2.37bn allocated across 42 providers in 2026 through the Research Support Program and Research Training Program, and every return must […] 14/08/2026