SMSF super splits, the tips and traps – Part 2 This is the second article in our series examining key technical issues that arise in SMSF superannuation splits following a relationship breakdown. Part 1 focused on the compliance and procedural requirements under Division 7A.2 of the Superannuation Industry (Supervision) Regulations 1994 (Cth) (SISR) and the Family [read more]
SMSF super splits, the tips and traps – Part 1 This article is the first part in a series that covers some of the key tips and traps of SMSF super splits following a relationship breakdown. Superannuation interests, particularly in SMSFs, require careful handling in family law settlements. Although court orders and binding financial agreements [read more]
This article is by Robyn Jacobson We are pleased to offer this second detailed article on Payday Superannuation, prepared by Robyn Jacobson, Tax Advocate and Specialist, Chartered Tax Adviser of The Tax Institute, and a Fellow of both CA ANZ and CPA Australia. Robyn has over 30 years as a tax professional, trainer and advocate on [read more]
The ATO is increasing its scrutiny of family discretionary trusts (FTs) to ensure compliance with the family trust election (FTE) and interposed entity election (IEE) provisions in Schedule 2F of the Income Tax Assessment Act 1936 (Cth) (ITAA 1936). Quite a number of these reviews are linked to the ATO’s ‘Next 5,000 private groups’ program [read more]
This article is by Robyn Jacobson We are pleased to offer this detailed article on Payday Superannuation, prepared by Robyn Jacobson, Tax Advocate and Specialist, Chartered Tax Adviser of The Tax Institute, and a Fellow of both CA ANZ and CPA Australia. Robyn has over 30 years as a tax professional, trainer and advocate on [read more]
After several drafts and revised legislation, we now have a finalised ATO ruling on non-arm’s length income (NALI). On 24 September 2025, the ATO finalised LCR 2021/2 (Ruling) that clarifies the operation of the NALI provisions in s 295-550 of the Income Tax Assessment Act 1997 (Cth) (ITAA 1997) in respect of non-arm’s length expenditure (NALE) [read more]
Background On 13 October 2025, Treasury announced changes to the proposed ‘Better Targeted Superannuation Concessions (BTSC). These proposed laws, typically referred to as the Division 296 (Div 296) tax will be inserted in the Income Tax Assessment Act 1997 (Cth) (ITAA). On 14 October 2025 a Fact Sheet providing more information on these changes was [read more]
Division 296 first floated in March 2023 A report on the proposed Division 296 tax, being an additional 15 per cent tax to future earnings of member balances above $3 million from 1 July 2025, was released by Treasury on 2 March 2023 titled ‘Impact Analysis Better Targeted Superannuation Concessions’ (Report). The Report examined how [read more]
In the March 2025 Tax Agent Newsletter (Issue 10), the Australian Taxation Office (ATO) reiterated the importance of tax professionals supporting clients to manage business finances responsibly and meet their taxation obligations. However, a tax adviser’s role often extends well beyond mere compliance with income tax obligations. Accountants and tax advisers frequently act as the [read more]
Freedom of Information (FOI) laws provides individuals and private entities with powerful rights to access information held by government bodies. This article considers a taxpayer’s rights to make an FOI request to obtain information from the ATO in respect of their tax affairs. We discuss who can and how to lodge a request, the likely [read more]
