News
Anti-Money Laundering Update - What it means for you
The Australian Government is moving ahead with Tranche 2 of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation, with changes expected to apply from 1 July 2026.
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, this is a budget that has the potential to
materially impact on property investors, business owners and families using discretionary 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.
This represents one of the most significant updates to Australia’s payments landscape in years and will have a direct impact on businesses
and consumers.
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. While the policy continues to support EV uptake, it also aims to make concessions more sustainable and better targeted. The changes are expected to save the Budget an estimated $1.7 billion over five years from 2025–26.
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 tax and contribution opportunities. Below is a checklist of the things members and trustees should consider before 30 June.
The way you pay super is changing
The way you pay super is changing. From 1 July, superannuation must be paid at the same time as your regular salary or wages, and must be received by the fund within 7 business days of payday.
Your EOFY Strategy Starts Now
With June 30th less than seven weeks away, now is the time to shift from daily operations to strategic planning. At Forsyths, we aren’t just here to wrap up the financial year of all your hard work and lodge your return; we are here to ensure your hard work results in the best possible financial outcome for the year.
Do you know a local charity who do great work within the community?
It’s that time of year again where the Forsyths Foundation proudly donates funds to worthwhile community organisations in our region.
If you know of any organisations that make a difference in the community, please reach out to your local Forsyths office.
Superannuation contribution caps to increase from 1 July 2026
Following the recent release of the December 2025 quarter average weekly ordinary times earnings (AWOTE) the annual concessional contribution (CC) cap will increase from $30,000 to $32,500 from 1 July 2026. The annual non-concessional contribution (NCC) cap will also increase to $130,000.
New ATO ‘Verify Call’ feature: Instant protection against phone scams
As tax time approaches, so does the annual spike in scam calls pretending to be from the ATO. These calls are becoming increasingly
convincing and increasingly costly for those who get caught by them.
The ATO has now launched a simple, powerful solution: the ‘verify call’ feature in the free ATO app. Rolled out in early April 2026, it
allows you to confirm instantly and in real time whether the person calling you is genuinely from the ATO.
Practical help for businesses impacted by fuel disruptions
With global fuel supply chains still under strain from conflict in the Middle East, many Australian businesses are feeling the impact
through higher operating costs, delayed deliveries and pressure on cash flow.
To help stabilise affected sectors, Treasurer Jim Chalmers and the ATO have announced a package designed to give businesses immediate
breathing room and reduce administrative burden during a volatile period.
ATO updates EV home charging rate: What it means for you
The ATO has announced a significant update that will affect anyone using electric vehicles (EVs) or plug-in hybrid electric vehicles (PHEVs) for work or fleet purposes and where the vehicle is charged at the relevant individual’s home.
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