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Federal Treasurer Jim Chalmers handed down the 2026–27 Federal Budget on 12 May 2026, delivering one of the most ambitious and far-reaching budgets in recent years. With housing affordability, cost of living pressures, inflation and economic uncertainty dominating the national conversation, the Budget introduces significant tax and policy reforms that will impact individuals, investors, businesses and employers across Australia. The Government has framed many of the measures

It’s that magical time of year again, the lead-up to the Federal Budget in May and while most people spend budget season planning how to justify coffee as a “business expense,” this year’s headlines are dominated by a thornier subject: Capital Gains Tax (CGT). Or as property investors now call it, “Couldn’t Get Time to Sell?” Yes, the 50% CGT discount, the tax break that lets investors halve the tax payable on profits from assets held over a year, is back in the spotlight and

A recent decision of the Administrative Review Tribunal ( Goldenville Family Trust v Commissioner of Taxation [2025]) highlights the importance of documentation and evidence when it comes to tax planning and the consequences of not getting this right. The case involved a family trust which generated significant amounts of income. For the 2015, 2016 and 2017 income years, the trustee attempted to distribute most of the income to a non-resident beneficiary. As the trustee bel

Super on Payday: Fundamental Changes for Employers If you run a business, you already know the juggling act that comes with managing the payroll process — paying staff on time, managing cash flow, and staying compliant. From 1 July 2026, there’s a major change coming that will reshape how you handle superannuation contributions for staff. It’s called Payday Super, and it became law on 4 November 2025. The new rules are designed to close Australia’s $6.25 billion unpaid super