Why SMSF Education Matters More Than Ever
Running, or deciding to set up a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities. The Superannuation Industry (Supervision) Act 1993 (SISA) contains detailed rules on trustee duties, investments, borrowing, payments and recordkeeping. Simply put, you cannot identify or avoid breaches you don’t know exist. For trustees, this should mean education is not optional but rather, is essential for risk management. Why understanding SISA matters […]
Small Business Superannuation Clearing House: What Small Businesses Need to Know
Many Australian small businesses have relied on the Australian Taxation Office (ATO) Small Business Superannuation Clearing House (SBSCH) to manage employee superannuation payments in one transaction. That service is being phased out as part of the transition to Payday Super, and employers who currently use the SBSCH should ensure they have an alternative SuperStream compliant […]
Super on Payday: Fundamental Changes for Employers
If you run a business, you already know the juggling act that comes with managing the payroll process — paying staff on time, managing cash flow, and staying compliant. From 1 July 2026, there’s a major change coming that will reshape how you handle superannuation contributions for staff. It’s called Payday Super, and it became […]
Super Tax Shake-Up: Big Balances Beware
If your super balance is comfortably below $3 million, you can probably relax, as the proposed changes to the super rules shouldn’t adversely affect you (yet). But if your super is nudging that level, or if you’re clearly over, the Treasurer’s announcement last month could change how you think about super’s generous tax breaks. For […]