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Proposed one-off relief to avoid exceeding the concessional contributions cap under Payday Super

22/10/2026

Employees could have more than 12 months of employer super contributions counted towards their 2026–27 concessional contributions cap where June 2026 quarter contributions were received by their fund in July, alongside contributions under Payday Super. Schedule 6 of the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 proposes one-off relief to disregard certain June […]

Fraud risks facing Australian financial institutions

21/10/2026

Australian financial institutions sit at the centre of a fraud ecosystem shaped by instant payments, digital onboarding, data-rich customer relationships, and increasingly convincing impersonation. In 2025, combined scam losses reported across key Australian channels reached $2.18bn, an increase of 7.8%, despite the number of reports falling. Investment scams accounted for $837.7m, while payment redirection scams […]

Minimum Tax Trust Changes webinar

20/10/2026

Join our experts Abi Chellapen, Blake Rodgers, Vanessa Priest, and Ned Galloway for a discussion on the discretionary trust changes introduced into Parliament. The team will cover topics such as: Webinar details Date Wednesday October 28, 2026 Location Online nationally – via Zoom webinar Time 12.30pm – 1.30pm (AEDT) 11.30am – 12.30am (Brisbane) 9.30am – […]

Trust in the detail, part three: The minimum tax on trusts Bill

15/10/2026

After a short consultation period, on 14 October, the Federal Government has introduced into the House of Representatives the legislation relating to the proposed new taxation regime relating to discretionary trusts (Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026 and the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026). The proposed […]

SW / ANZ webinar - Keep Calm and Listen to Your Accountant

06/10/2026

In collaboration with ANZ, we are excited to bring you our latest Keep Calm and Listen to Your Accountant webinar, where our tax specialists will unpack some of the most significant proposed tax changes facing individuals, investors, and business owners. Hear practical insights on Discretionary Trust changes, the latest Division 7A developments, and proposed Capital […]

ATO sharpens GST focus on real property in Top 1,000 Assurance Program

30/09/2026

The Australian Taxation Office (ATO) has released its latest findings report on the Top 1,000 GST Assurance Program, providing valuable insight into the areas attracting increased scrutiny during goods and services tax (GST) assurance reviews. The report highlights a continued focus on ensuring taxpayers are correctly reporting GST and maintaining effective tax governance frameworks, while […]

New 50% CGT discount proposed for investments in innovative start-ups

21/09/2026

Treasury has released draft legislation that will preserve the 50% CGT discount for eligible investments in innovative Australian start-ups for CGT events occurring on or after 1 July 2027. Background Following Royal Assent of the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 on 26 June 2026, from 1 July 2027 the 50% capital […]

Trust in the detail, part two: SW responds to the minimum tax trust exposure draft

18/09/2026

SW has made a further submission to Treasury (read here) on the exposure draft legislation for the 30% minimum tax on discretionary trusts, calling for a workable fixed trust definition, a more flexible election regime, and rollover relief that does not come at the cost of State duty. Introduction On 3 September 2026 the Government […]

What the ATO’s finalised software royalties ruling & draft guidance means for businesses

11/09/2026

The Australian Taxation Office (ATO) recently issued TR 2026/2, which sets out its view on when payments relating to software and intellectual property rights may constitute royalties for Australian tax purposes. At the same time, the ATO released draft PCG 2026/D4, which provides a practical compliance framework to help taxpayers assess the ATO’s likely level […]

Pillar Two in year 2 & what's different from year 1

08/09/2026

For many multinational enterprise (MNE) groups, the first year of Pillar Two compliance (typically the year ended 31 December 2024) was largely a transition exercise. While most MNE groups spent considerable time understanding the rules, establishing governance processes, and assessing the availability of the Transitional CbCR Safe Harbour (TCSH), the practical compliance burden was often […]