If you are a trustee of a Self-Managed Super Fund (SMSF), it is your legal responsibility to ensure that members receiving an account-based pension are paid at least their minimum pension amount by 30 June each financial year. Missing or underpaying this requirement can result in significant tax consequences for the member and the fund. […]
More Australians are seeking to align their investments – including superannuation – with their personal values. Terms such as “sustainable,” “responsible,” “socially aware,” and “ethical” are increasingly used by funds and investment managers. However, with such a wide range of products and claims, it’s important to look beyond the labels to ensure your investments truly […]
The Australian Government has announced the closure of the ATO’s Small Business Superannuation Clearing House (SBSCH) as part of the introduction of “payday super” reforms. If your business currently uses the SBSCH to make superannuation contributions, it is important to be aware of the upcoming changes and plan for a smooth transition. Key Dates Why […]
As part of its government-mandated review into ways to strengthen productivity and economic resilience, the Productivity Commission has released an interim report proposing significant changes to Australia’s company tax system. The Commission highlights that Australia’s current company tax regime is complex, internationally uncompetitive, and disproportionately disadvantages smaller and newer businesses. In particular: Key draft recommendations […]
The Federal Government’s commitment to reduce student loan debts by 20% has now been legislated, providing significant relief to over three million Australians with outstanding education debts. Who is eligible? The reduction applies to all student loan types, including: To be eligible, you must have had a student loan balance outstanding on 1 June 2025. […]