General transfer balance cap indexation on 1 July 2025
Indexation of the general transfer balance cap (TBC) will occur on 1 July 2025. This cap will increase by $100,000 from $1.9 million to $2 million. The defined benefit income…
ATO welcomes ANAO audit report on Governance of AI
The Australian Taxation Office (ATO) welcomes the release of the Australian National Audit Office’s (ANAO’s) report on the Governance of Artificial Intelligence (AI) at the ATO. The ANAO’s report provided…
Critical minerals and hydrogen production incentives now law
As part of the 2024–25 Budget, the Government announced its Future Made in Australia package to support Australia's transition to a net zero economy. This package included 2 new, temporary…
Debunking Division 7A myths
If you own a private company, understanding how Division 7A applies is crucial to avoiding costly tax consequences when accessing its money or other benefits.Division 7A is an integrity rule…
Payday Super consultation continues
We’re continuing to engage with industry and stakeholders on the government’s Payday Super reform to begin from 1 July 2026.Although this measure is not yet law, consultation updates are available…
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