August 2026 Key Dates
The Australian Taxation Office has announced the following key dates to look out for in August 2026 14 August Lodge PAYG withholding payment summary annual report for: 21 August Lodge and pay July 2026 monthly business activity statement. 25 August Lodge and pay quarter 4, 2025–26 activity statement if you lodge electronically. 28 August Lodge […]
New Division 296 rules explained: Tax changes for large Superannuation balances
The Federal Government has now passed the Division 296 legislation, introducing an additional tax for individuals with total superannuation balances (TSB) above $3 million. Since the proposal was first announced in February 2023, several important changes have been made to the original design. The key updates include: 1. Removal of tax on unrealised gains Instead […]
