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As 2025 draws to a close, many business owners, trustees and professionals are taking stock of what has been a fast-moving year of regulatory changes, economic shifts and new opportunities.
This month’s update brings together several important developments that will shape how employers manage payroll, how professionals claim further education, how SMSF trustees manage compliance, and how retailers may need to adapt to Australia’s evolving payments landscape.
It’s been a year of keeping up, staying informed and planning ahead — and as always, our goal is to make that easier for you.
Super on Payday: A Major Shift for Employers
From 1 July 2026, superannuation will need to be paid at the same time as wages, rather than quarterly. This new Payday Super system aims to reduce unpaid super and improve transparency for employees.
Key points:
Super due within 7 business days of payday
SBSCH retiring in 2026
ATO taking an education-first approach in the first year
This change may require updates to payroll systems and cashflow planning.
Can Further Study Deliver Tax Benefits?
If you’re undertaking an MBA or other professional study, the deductibility of course fees depends heavily on the type of loan and how closely the study relates to your current job.
Quick overview:
HECS-HELP → not deductible
FEE-HELP/private fees → may be deductible if linked to existing duties
Understanding the ATO’s rules upfront can make a significant difference.
SMSF Trustees: Education Now Crucial
The ATO is increasing its focus on trustee knowledge and may issue education directions where trustees show gaps in understanding.
Why it matters:
Many breaches arise simply from not knowing the rules
Early awareness helps avoid penalties
ATO guidance and knowledge checks are a good starting point
Cash Payments May Soon Be Mandatory Again
Proposed regulations may require certain retailers — including fuel stations and grocery stores — to accept cash for purchases under $500 from 1 January 2026, unless they fall under the small business exemption (< $10m turnover).
This aims to protect vulnerable consumers and ensure payment resilience when digital systems fail.
Read more about all these topic in our Monthly Newsletter
Wishing You a Safe and Happy Holiday Season
It’s been a big year of change, and we’re grateful to support you through it.
We hope you enjoy the festive season and we look forward to working with you in 2026.
Kerrily and Louise – Directors
