News
ATO alert: $21 billion in lost super
September 21, 2026
The ATO is urging individuals to check whether they have lost or unclaimed super, with more than $21 billion waiting to be reunited with its owners. Super can become lost when an account is inactive and the fund cannot contact the member, often following a change of job, address or phone number. In some cases, […]
Deductions for rental properties that double as holiday homes
September 21, 2026
The ATO has updated its guidance on rental property income and expenses from 1 July 2026, including for properties that are also used as holiday homes. Where a property is a holiday home, it must be used (or held for use) mainly to produce rental income before the owner can claim any expenses relating to […]
ATO scam warning
September 21, 2026
The ATO has received concerning reports of a new email impersonation scam claiming to be from the ATO. The email states that a phone appointment with the ATO has been scheduled and includes appointment details such as the date and time. The email claims that recipients must open an attachment included in the […]
ATO warning on home occupancy expense claims
September 21, 2026
The ATO has identified that some taxpayers are incorrectly claiming rent, mortgage interest and other occupancy expenses as part of their work-from-home expenses. To claim occupancy expenses, a taxpayer must be able to demonstrate that: the area of their home they used for work purposes is a 'place of business'; if they are an employee, […]
Government to re-introduce loss carry back for companies
September 21, 2026
The Government has also recently introduced legislation to re-introduce the 'loss carry back' measure for companies from 1 July 2026. If enacted, this will allow most companies to carry back a tax loss and apply it against tax paid in either, or both, of the previous two income years, basically giving rise to a tax […]
Government to permanently extend $20,000 instant asset write-off
September 21, 2026
The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for small businesses (as announced in the 2026 Federal Budget). If enacted, the changes would: permanently set the instant asset write-off threshold at $20,000 (instead of $1,000) for eligible depreciating assets first used, or installed ready for use, for a […]
ATO app alerts and super verification
July 28, 2026
The ATO has added an extra verification step for super transfer and consolidation requests made through the ATO's online services. This step is the latest ATO app security feature that helps protect against fraudulent activity. If a taxpayer has registered their device using the ATO app, they will need to verify requests to transfer or […]
Check for ATO-held super
July 28, 2026
The ATO is reminding taxpayers that they may have superannuation money held by the ATO. This can include: unclaimed super money received from super funds (for example, inactive low-balance accounts); employer super guarantee amounts that could not be paid to a fund; and certain government super contributions. Taxpayers can check for ATO-held super through myGov, […]
What’s new for Small Business?
July 28, 2026
The ATO is reminding business taxpayers of recent changes they should keep in mind this Tax Time, including the following: From 1 July 2026, Payday Super applies. Employers will need to pay super to an employee's nominated super fund each payday, and it must reach the fund within 7 business days after payday (unless a […]