Newsletter – September 2026

Inside this month:

• Discretionary Trusts and the Proposed 30% Minimum Tax: Discretionary trusts, often referred to as family trusts, have been a popular structure for Australian families and businesses for many decades. 
• New Reasonable Travel and Overtime Meal Rates: The ATO has released its updated reasonable travel and overtime meal allowance rates for the 2026-27 income year in Taxation Determination TD 2026/4. 
• Penalty Units Increase From 1 July 2026: From 1 July 2026, the value of a Commonwealth penalty unit increases from $330 to $364.
• SMSF and Property – Preparing for a Smooth Audit: For many SMSF trustees, property is one of the most significant assets held by their SMSF. 

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