Payday Super legislation introduced
On 9 October, the government introduced Payday Super  legislation into parliament to take effect 1 July 2026. This measure is not yet law. Key changes for super funds include: Employers must pay superannuation guarantee (SG) at the same time as salary and wages. SG contributions will generally need to arrive in employees’ super funds within 7 business days of payday . The deadline for super funds to allocate or return contributions that cannot be allocated will be reduced to
Rental data-matching letters
The ATO uses data for pre-filling, detecting dishonest or fraudulent behaviour and identifying areas where we can educate taxpayers to help them understand their tax obligations. When data doesn’t match, the ATO may contact you to find out why. Rental data-matching letters Over the coming months, The ATO will be sending letters where their data indicates: tax returns including rental income may need to be lodged for specific years rental income should be included in previousl
Withholding changes when buying and selling property
The Foreign resident capital gains withholding (FRCGW) rules are changing from 1 January 2025. Currently, Australian residents selling...
Client-to-agent linking in online services
The ATO is further strengthening the security of their online services to help protect tax agents and their clients against fraud and...
Rental property data matching
The ATO collects data from a number of sources about rental properties and some new data matching protocols are now in place: Landlord...
Deductible super contributions to be made before year end cut-off date
If you are considering making deductible contribution to your super, you need to make sure this is done prior to the year end cut-off...
