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Apr 10, 2024

The government has announced that from 1 July 2025, it will commence paying super on Government Paid Parental Leave (PPL). This comes on the back of calls by unions and the women’s movement ...

Mar 18, 2024

SBSCH and SMSF bank account validation

With the year-on-year growth in the number of SMSFs in Australia, the ATO is finally rolling out a extra security feature for SMSFs that use the Small Business Superannuation Clearing House (SBSCH)

Feb 13, 2024

No super, No Life!

I was travelling in Japan on a family holiday recently and browsing a stationary store came across a number of pictures with the caption “No Super, No Life”. This is probably more relevant in

Nov 15, 2023

Proposed mechanisms for payday super

Unpaid superannuation is equivalent to wage theft and is detrimental to the retirement income of many Australians. That’s why in the 2023-24 Federal Budget, the government proposed measures to

Oct 8, 2023

Targeted super concession changes looming

https://youtu.be/RKiWwEML-vQ?si=dKeX8bN5Rc_VDxbB Click here for more information. Speak to one of our accountants if you have any questions about the changes in tax for

Sep 4, 2023

SMSF scheme: residential property purchase

With the never-ending increase in Australian house prices, many desperate home buyers are often turning to other, perhaps unconventional, means to secure housing, one such property scheme currently

Sep 4, 2023

ASIC: super trustees need to step up efforts

In recent media releases, ASIC has called on superannuation trustees to step up efforts in the areas of appropriately dealing with members money, and consolidating duplicate member accounts. The

Jul 12, 2023

ATO SMSF Focus Areas For 2023

In a recent speech, Justin Micale, ATO Assistant Commissioner of Self Managed Super Funds Risk and Strategy area outlined the risks on ATO’s radar in the SMSF space and provided some insights on

Jul 12, 2023

Employers to pay super at same time as wages

With the 2023 Federal Budget fast approaching, the government has been selectively releasing various measures ahead of time. Two particular announcements set to affect businesses consist of payday

Jul 12, 2023

Minimum Pension Payment Changes

Retirees who draw an account-based pension from their super need to be aware that the 50% reduction in the minimum pension drawdown rate which applied for previous years will no longer apply from 1

Apr 16, 2023

Bramelle Partners joins the IR Global Network

Bramelle Partners has been accepted to the IR Global network which provides Bramelle Partners clients with access to a multi-disciplinary professional services network that provides legal,

Mar 13, 2023

Superannuation tax break changes

https://www.youtube.com/watch?v=DsrMUHHXdoc In an attempt to repair the Federal Budget and lower the overall national debt, the government announced changes to the way super in accumulation phase

Feb 6, 2023

Beware of super schemes

The ATO is currently running a campaign cracking down on super schemes increasingly used by promoters to inappropriately channel money through SMSFs or provide an unfair tax advantage. Some of the

Dec 6, 2022

Future of superannuation

In a recent address, the Assistant Treasurer and Minister for Financial Services, Stephen Jones, outlined the changes the government will be pursuing in terms of superannuation. From its beginnings

Nov 6, 2022

Pension changes to encourage workforce participation

As a result of the government’s recent Jobs Summit and responding to pressure from employer and agricultural lobby groups, proposed changes have been introduced into Parliament that will enable

Sep 9, 2022

Compliance with super laws – ATO’s approach

When it comes to compliance by SMSF trustees with super laws, the ATO’s main focus is on encouraging trustees to comply with the super laws. However, there are occasions when stronger responses are

Aug 8, 2022

Thinking of ditching your SMSF?

If the recent market conditions or just the amount of administration involved is making you rethink having an SMSF as your retirement vehicle, there are several things you will need to be aware of.

Jul 7, 2022

Current compliance issues in the SMSF space

In a recent presentation, the Director of ATO’s superannuation and employer obligations area, Paul Delahunty, shared some key compliance issues that the ATO is currently prioritising in the SMSF

Jun 3, 2022

Personal super deductions: remember the notice

If you are considering making a personal contribution to your super and would like to claim a deduction on the contributions made, it is important to remember to give the required notice to your

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