Insights

In the 2023-24 Budget the Government announced that from 1 July 2026 employers will be required to pay their employees’ superannuation guarantee (SG) at the same time as they pay their salary and wages. The legislation was introduced to parliament on 9 October 2025.

This is a friendly reminder of the upcoming Key Due Dates across the month of October 2025 for small-to-medium sized businesses:

If you are working in the construction industry in Queensland, we don’t need to tell you that things are getting tougher. Everywhere you look, there is more demand for new homes, apartments, industrial sheds or warehouse and infrastructure projects, but getting them built is another story.

Queensland Building and Construction Commission (QBCC) requires licence holders to submit annual financial reporting, determined by their licence type and approved maximum revenue to demonstrate ongoing financial sustainability. The reporting obligations arise under the Minimum Financial Requirements Regulation (MRF Regulation).

Property has long been a popular source of wealth creation in Australia, but from a tax perspective, not all property activities are treated equally. Whether the Australian Tax Office (ATO) considers you a long-term investor or a property developer can have a significant impact on your tax obligations including whether profits are subject to Capital Gains Tax (CGT), income tax, or even Goods and Services Tax (GST).

Lodgment of the Taxable Payments Annual Report is due 28 August each year.

From 1 July 2025, interest charged by the Australian Tax Office (ATO) – the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) – will no longer be deductible under the new section 26-5(1A) of the Income Tax Assessment Act 1997. 

The Fringe Benefit Tax year for 2024/25 ended on 31 March 2025. It is important for SME businesses to review their obligations to ensure that any FBT is paid over the next couple of months.

Following on from our previous article in October 2024, we advise the Commissioner of State Revenue finally issued QRO Public Ruling PTAQ014.1.2 on 3 March 2025, confirming payroll tax exemptions for GP practices.