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Payday super is coming.
From 1 July 2026, employers will be obligated to pay superannuation guarantee (SG) on behalf of their employees on the same day as
salary and wages instead of the current quarterly payment sequence.
Announced in the 2023-24 Federal Budget, payday super is not yet law. However, given the structural changes required to administer
the new law, Treasury has released a fact sheet to help employers better understand the implications of the impending change.
Read more about how payday super will work and what happens if superannuation is paid late in our October newsletter.
Each month we will bring you a new perspective on transferring property.
This month’s focus is on the tax consequences of inheriting property. When assets pass from a deceased individual to a beneficiary of the estate, the tax impact will generally depend on the nature of the asset and the tax characteristics of the beneficiary, such as their residency status. For full details please take a look at this month’s newsletter.
Managing an inheritance can become complex. For assistance with estate planning, or to understand the tax implications of an inheritance, please contact us.
Kerrily and Louise – Directors
