Your Knowledge August

This month’s edition rounds up several developments with real implications for employers, investors, business owners and SMSF trustees.

Although the Federal Budget only landed in May, the Government has already revised a number of its key proposals — we cover what’s changed. We also look at the commencement of Payday Super from 1 July 2026, and what employers need to do now to meet the new, more frequent superannuation payment obligations. 

From there, we turn to the ATO’s sharpened focus on personal services income arrangements, with practical steps business owners can take to keep anti-avoidance rules at bay. We also unpack the sharp rise in complaints to the Tax Ombudsman, including key developments on tax debt interest and penalty remission. 

And finally, we close out with a practical checklist for SMSF trustees to work through as the new financial year gets underway.