Navigating the New “Division 296” Super Tax
As of March 2026, the Australian Parliament has passed the Building a Stronger and Fairer Super System Act. This introduces a tiered tax system for super balances exceeding $3 million. For specialists who have been aggressively funding their SMSFs or retail funds, this is a significant shift:
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The “Payroll Tax” Trap for Medical Practices
Throughout 2025 and into 2026, the ATO and state revenue offices (like the ACT and NSW) have intensified their focus on how medical practices pay their practitioners.
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