Blog - Superannuation

Superannuation Guarantee Amnesty for Employers Jun 15, 2018

The government recently announced a twelve month amnesty period for employers to catch up with their superannuation guarantee obligations. The period will run from the date of the announcement - 24 May 2018 - to 23 May 2019.

The measures are subject to the bill - Treasury Laws Amendment (Superannuation 2018 Measures) Bill 2018 - being passed by parliament; there has been no indication the bill is contentious and we expect it to pass.

To be eligible, employers must:

  • pay all that is owing including the nominal interest within the period and;
  • voluntarily advise the ATO of the shortfall (not already be the subject of a Super Guarantee audit).

2018 Federal Budget - Business May 9, 2018

The 2018 Federal Budget has seen a lot of measures put in place for businesses. Measures including R&D, asset write-off, Trust Tax integrity measures and more. 

2018 Federal Budget - Individual May 8, 2018

The 2018 Federal Budget has given individuals some reprieve with low and middle income earners set to benefit from some income tax offsets, incrementally increased until 2022.

2018 Federal Budget - Superannuation May 8, 2018

This has been deemed a SMSF friendly budget , which looks at reducing costs for SMSFs whilst providing much needed stability. 

2018 Federal Budget - Economy May 8, 2018

Federal Government budgets are a political process with an economic outcome. This year, being a pre-election budget it is more political than most. 

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