FBT 2025: What you need to know
FBT 2025: What you need to know The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric [...]
Trade Wars and Tariffs 2025
Global Google searches for the word “tariffs” spiked dramatically between 30 January and 2 February 2025, a +900% increase to the previous 12 months. We look at what tariffs really [...]
What about Financial Advice Reform?
There has been more speculation than actual reform for financial advice. 2024 saw the introduction of tranche 1 of QAR, but tranche #2 is more complex, much promised but yet to [...]
2025 tax & super changes
Clearance certificates required for all Australian property sales From 1 January 2025, all Australian residents (for tax purposes) selling or disposing of Australian real property (land and buildings) must have [...]
New Standards for Fuel Efficient Cars
New standards for vehicle manufacturers come into effect from 1 January 2025. Vehicle manufacturers will have a set average CO2 target for all new cars they produce, which they must [...]
Lost legislation
Parliament is scheduled to resume from 4 February 2025 (assuming an election is not called prior). When an election is called, the Houses of Parliament dissolve and any Bills lapse. [...]
Wage theft’ Criminalized
As of 1 January 2025, the intentional underpayment of workers will be criminalised. Employers will commit an offence if: they’re required to pay an amount to an employee (such as wages), or [...]
Future Made: Hydrogen production and critical minerals
The Future Made in Australia is the Government’s plan for a net zero economy. The Hydrogen Production Tax Incentive and the Critical Minerals Tax Incentive form part of that plan. The Senate [...]
Why the ATO is targeting baby Boomer Wealth
Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganizations that appear to be connected [...]
Threshold for Tax-Free Retirement Super Increases
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. The transfer balance cap - the amount that can [...]