ATO Recovers $1.1 Billion in Unpaid Super: A Critical Alert for Every Business Owner

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Recent data released by the Australian Taxation Office (ATO) reveals a stark reality: during the 2024–25 financial year, they recovered a massive $1.1 billion in unpaid superannuation for nearly one million employees, plus $209 million in penalties. These figures are more than just statistics—they represent a clear and unequivocal signal to all business owners that regulatory enforcement of superannuation compliance has…

Payday Super – What Employers Need to Know

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On 9 October 2025, the Government introduced legislation to Parliament to align superannuation guarantee (SG) contributions with employee pay cycles. Commonly referred to as Payday Super, this reform is designed to reduce unpaid super by requiring contributions to be paid at the same time as ordinary time earnings (OTE). Key changes proposed from 1 July…

Keep Your Super Obligations on Track: A Timely Reminder for Employers

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As an employer, ensuring your employees’ superannuation is paid correctly and on time is one of your most critical responsibilities. The most recent quarterly Super Guarantee (SG) contribution deadline was 28 October. If you missed this date, it’s essential to act now to get your obligations back on track and avoid further penalties by lodging a Super Guarantee Charge…

ATO Holds Significant Global Entities Accountable for Late TPAR Lodgement

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The Australian Taxation Office (ATO) has issued a clear and firm reminder to Significant Global Entities (SGEs) about their obligations regarding the Taxable Payments Annual Report (TPAR), following the 28 August deadline. A recent case in the 2024–25 financial year underscores the serious consequences of non-compliance, resulting in a $639,600 Failure to Lodge (FTL) penalty for a single entity. This…

Don’t Let Your Tax Obligations Retire with You: A Guide for Exiting Professional Partners

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Leaving a professional services partnership is a significant life transition, but it’s crucial to remember that your tax obligations don’t end when your role does. The Australian Taxation Office (ATO) has highlighted a concerning trend of individual professional practitioners (IPPs) making costly errors when reporting income after exiting a firm. Whether you’re retiring or moving on, the…

Updated Guide to Ordinary Time Earnings: What Employers Need to Know

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Getting superannuation (SG) payments right is a cornerstone of being a compliant employer in Australia. The calculation starts with correctly determining an employee’s Ordinary Time Earnings (OTE), and the Australian Taxation Office (ATO) has recently updated its guidance to provide greater clarity. What are Ordinary Time Earnings (OTE)? OTE forms the basis for calculating your Super…

Demystifying CGT Event K6: What the Final Guidance Means for You

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The Australian Taxation Office (ATO) has released its final guidance on CGT Event K6, an important but often complex area of capital gains tax affecting owners of pre-CGT shares and trust interests. This updated addendum to Taxation Ruling TR 2004/18 provides crucial clarity and marks a significant shift from previous interpretations. Key Updates in the Final Guidance The…

Watch Out for This GST Trap in Retirement Village Deals

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When you buy an operating retirement village as a “going concern,” the sale is GST-free. Sounds great, right? But here’s the catch many buyers miss. If you plan to keep running the village and leasing accommodation to residents (which is an input-taxed supply), you’ll likely face a GST increasing adjustment after the sale closes. This isn’t a small fee—it…