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Enhancing safeguards & governance in the managed investment scheme sector

23/02/2026

Treasury has released a consultation paper outlining wide-ranging proposals to strengthen governance and oversight across Australia’s $2 trillion registered managed investment scheme (MIS) sector. The proposed reforms would materially reshape MIS governance, introducing higher compliance standards, greater board independence, reduced related party risk, and increased regulatory visibility to enhance accountability and investor protection. The proposals […]

Payday Super is coming for hospitality & gaming: Are your payroll and rostering systems ready for 1 July 2026?

16/02/2026

From 1 July 2026, ‘Payday Super’ is set to replace quarterly super with a payday-by-payday model, meaning super must be paid on payday and received by the fund within 7 business days, with a longer timeframe in specific ‘new fund’ or ‘new employee’ situations. The legislation was passed by both Houses on 4 November 2025, […]

ATO expands Reportable Tax Positions Schedule to large super funds and CIVs

06/02/2026

Through a published update, the Australian Taxation Office (ATO) has indicated they will expand the Reportable Tax Positions (RTP) Schedule obligations to include large super funds and Collective Investment Vehicles (CIVs). This will increase the compliance burden for large super funds and managed funds.     Impacted taxpayers   From the 2026 income tax year and onwards, it is anticipated that groups with the following super funds or managed funds […]

Employment Taxes Update series 2026

02/02/2026

At our annual Employment Taxes update, our experts delve into the ever-evolving world of employment taxes to help you stay ahead in this dynamic field.    Our Employment Taxes Update series is an exclusive event tailored for the Corporate, NFP and Government sectors. In each session, our experts will delve deeper into the ever-evolving world […]

Payday Super: Implications for employers & payroll operations

29/10/2025

New Payday Super legislation will mean employers now have about eight months to prepare their systems and processes. The requirements are expected to intensify Australian Taxation Office (ATO) scrutiny and increase administrative workloads for payroll.  After months of anticipation, on 9 October 2025, the Australian Treasury introduced legislation to Parliament to implement the Government’s Payday […]

Superannuation changes to Division 296 tax

16/10/2025

Treasurer Jim Chalmers has significantly watered down the government’s proposed $3m superannuation tax amid criticism from tax experts and investors. The government has confirmed several important changes to the Division 296 proposed superannuation tax reforms. The updated measures aim to improve fairness while reducing the administrative burden and unintended impacts of the original proposal. We’ve […]

Proposed Division 296 legislation: A new tax on superannuation balances

28/05/2025

With the Federal Election now run and won, the Federal Labor Government will re-introduce its proposed legislation – Division 296 – Better targeted superannuation concessions. The legislation targets individuals with a Total Superannuation Balance (TSB) above $3 million held across all super funds regardless of accumulation or retirement phase. Under the previously proposed legislation that […]

Employment Taxes Update 2025

26/02/2025

At our annual Employment Taxes update for the Not-for-profit, Government and Corporate sectors, our experts delve into the ever-evolving world of employment taxes to help you stay ahead in this dynamic field.    Our experts provided an update on: Expert speakers Stephen O’FlynnDirectorSW Paul HumDirectorSW Sam MorrisDirector SW Kirsty McDonnellDirector SW Vanessa PriestDirector SW Justin BatticciottoAssociate Director SW Rahul […]

Super Guarantee | Jockeys held to be employees of racing clubs

02/09/2024

The Administrative Appeals Tribunal (AAT) ruled that jockeys racing for various NSW horse racing clubs are employees under the Superannuation Guarantee (Administration) Act 1992 (SGAA), requiring each club to make super contributions on riding fees paid to the jockeys. This decision is reflected in 5 separate applications by 5 horse racing clubs (Armidale Jockey Club, […]

Superannuation rate increase

10/05/2024

With another super rate increase from 1 July 2024, make sure salary reviews are completed and your payroll is up to date. From 1 July 2024, the superannuation guarantee (SG) rate will increase from 11% to 11.5%, increasing the compulsory superannuation payments employers make to their employees. The 0.5% increment will continue on 1 July […]