Employer Responsibilities Under Payday Super changed on 1 July 2026, requiring Australian employers to make superannuation payments alongside employee wages instead of relying on quarterly payments. The new rules aim to ensure employees receive their superannuation entitlements sooner while reducing unpaid contributions. Whether your business employs full-time, part-time or casual workers, understanding your legal obligations…
Year: 2026
Employee Vs Contractor: Why an Australian Business Number (ABN) Alone Does Not Decide Worker Status
Employee vs contractor classification in Australia depends on the true nature of the working relationship, not simply whether a worker holds an Australian Business Number (ABN). A person can operate under an ABN, issue invoices and still be considered an employee under Australian law. Whether you hire employees, engage sole traders or use subcontractors, understanding…
Electric Vehicle FBT Exemption: What Eligibility Records Should Employers Check First?
The electric vehicle FBT exemption allows Australian employers to provide certain electric cars for employee private use without paying Fringe Benefits Tax (FBT), provided specific eligibility conditions are met. Employers should first check vehicle purchase records, the luxury car tax threshold, lease agreements and employee benefit arrangements to avoid incorrect reporting.For businesses considering electric vehicles,…
Discretionary Trading Trust: What Records Should Support Trustee Resolutions and Beneficiary Entitlements?
A Discretionary Trading Trust needs accurate financial records, trustee resolutions and beneficiary entitlement details to support how business profits are distributed. Without proper documentation, trustees may struggle to demonstrate that income distributions follow the trust deed and Australian tax laws, creating avoidable compliance concerns. Understanding the trust structure, maintaining reliable bookkeeping and recording each distribution…
