Latest news

Division 296 Tax: Major changes announced

Treasurer Jim Chalmers announced a significant overhaul of the government’s proposed Division 296 tax, the measure designed to reduce superannuation...

HECS/HELP DEBT REDUCTION BILL INTRODUCED

On 23 July, the Labor government introduced legislation aimed at enacting its election promise to reduce student debt by 20%....

Superannuation caps for 2025/26 financial year

The ATO has now released the increased superannuation caps which will apply for the 2026 tax year. The more significant...

ATO INTEREST NO LONGER TAX DEDUCTABLE

From 1 July 2025, the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC) will no longer be tax...

DIVISION 296 TAX

Division 296 tax is a brand-new superannuation tax proposed by the Labor Government. It targets Australians who have built up...

CRYPTOCURRENCY, NFT’S AND TAX

Cryptocurrencies, also known as virtual currencies or digital currencies, are a form of digital token. There are many different types...

RETENTION OF RECORDS

You are legally required to keep records of all transactions relating to your tax, superannuation and registration affairs as you...