Understanding "tax benefit" for Part IVA avoidance Tax laws often contain provisions designed to prevent avoidance and ensure fairness. One such provision in Australian tax law is Part IVA, which targets schemes that seek to reduce tax liability in ways that the law does not intend. Understanding the Part IVA tax benefit is crucial for taxpayers, accountants, and advisors to navigate compliance and optimize tax planning within legal boundaries. This article explains how Part

Protection of Family Assets & Trusts – Changes You Need to Know About Recently, in Caldwell & Caldwell [2025] FedCFamC1F 506 , the Federal Circuit and Family Court were asked to determine whether assets held in long-standing family trusts should be treated as property of the parties for the purposes of a property settlement. The husband came from a family that had operated a multi-generational business through discretionary trusts and companies since the early 1900’s. These t

P ayday Super: New Era for Employers and Employees From 1 July 2026, a significant change in the Australian superannuation landscape will come into effect, fundamentally altering how employers manage their employees' super contributions. This new regulation requires that superannuation payments be made concurrently with salary and wages. The Shift to Payday Superannuation This change is designed to provide employees with more immediate access to their superannuation benefits

Claiming GST Input Tax Credits: NDIS & Residential Property Investment Investing in National Disability Insurance Scheme ( NDIS ) properties can provide both financial returns and contributing to the community. An important aspect of this investment is understanding how to claim Goods and Services Tax ( GST ) input tax credits ( ITCs ). Acquiring or building an NDIS residential property does not necessarily entitle you to claim ITC and it is important to obtain appropriate GS

Working overseas - make sure your Super Fund is an Australian Resident Fund With travel restrictions lifted, Tim’s boss requires him to relocate overseas to London to head up their London branch for an indefinite period up to 5 to 6 years.  Tim’s wife, Mary, is relocating with him together with their two children while they rent out their home in Australia.  Tim and his family may temporarily return to Australia for holidays and family visits. Tim and Mary are the only member

Death is not a Joke! Jokes aside, death is no laughing matter, particularly, if you don't have a will. Dying without a will can be disruptive and have serious consequences including: Unintended outcomes Beneficiaries that you wanted to benefit could miss out due to strict succession rules that may trigger a distant relative inheriting assets. You could lose control over minor children leading to those children being raised by someone else that was never intended. Financial d