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The Small Business Superannuation Clearing House (SBSCH) joined the ATO’s online services on 26 February 2018. This is intended to streamline how businesses use the SBSCH, and will also include extra functionality, such as the ability to sort employee listings…

You now could go to jail if you do not pay your employees superannuation obligations. If you have cash flow issues, never not pay your employee’s superannuation, it must be one of the first expenses you pay. With software systems…

Parliament has passed the legislation allowing first home buyers to save for a deposit inside superannuation through the First Home Super Saver Scheme (FHSSS) and also allowing older Australians to ‘downsize’ and then contribute the proceeds of the sale of their family home into…

Following the recommendations of the Superannuation Guarantee Cross‑Agency Working Group, the Government has released draft legislation “to protect workers’ superannuation entitlements and modernize the enforcement of the superannuation guarantee”. The draft laws extend Single Touch Payroll to all employers from…

The Government has established a Small Business Digital Taskforce, to be headed by entrepreneur Mark Bouris AM, to ensure more Australian small businesses can thrive in an increasingly digital economy. Mark Bouris said: “When a business begins to digitise and use…

The Government has announced that Treasury will review the current rules governing the early release of superannuation on grounds of severe financial hardship and compassionate grounds. It will also review whether, and the circumstances in which, a perpetrator’s superannuation should…