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Inside this month:
- Key 2026-27 Federal Budget Tax Reforms: What They Mean For You: The 2026-27 Federal Budget, released on 12 May 2026, has received more attention than most budgets in recent years. With proposed changes to negative gearing, the CGT discount and the taxation of trusts.
- Ending Card Surcharges: What You Need To Know Before 1 October 2026: The Reserve Bank of Australia (RBA) has confirmed that all surcharges on credit and debit card payments, across eftpos, Mastercard and Visa, will be banned from 1 October 2026.
- Government To Wind Back Electric Vehicle FBT Exemption in Three Stages: The Government has announced a staged wind-back of the current Fringe Benefits Tax (FBT) exemption for electric vehicles (EVs) following recommendations from the Statutory Review of the Electric Car Discount released in May 2026.
- SMSF Year End Reminder – What To Check Before 30 June: The end of the financial year is fast approaching. For SMSF members and trustees, a few timely checks now can avoid headaches later and help preserve valuable tac and contribution opportunities.
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