Payday Super is Now Live for All Employers!
by Luke Quinnell Employers must now pay Superannuation contributions for employees on the same frequency as their wage payments. You should be prepared for the increased frequency of superannuation payments. Each fund must receive the contribution within 7 days of each payday. If you are not prepared for this change, please contact your accountant immediately […]
READ MORE
Payday Super Commences Soon, Ensure Your Business Is Ready!
by Luke Quinnell Payday Super will commence on 1 July 2026. This is one of the most significant changes to payroll compliance in many years. If you pay employees, you must ensure your business is fully prepared well before the deadline. Payday Super Requirements For Employers These new laws require all employers to pay Superannuation […]
READ MORE
Understanding the 6-Year Rule for the Main Residence Exemption from Capital Gains Tax
by Nick Allen For Australian tax residents, any gain on the disposal of your main residence is protected from capital gains tax. Simply put, the profit you make on the sale of your home is generally tax free. It is important to note that you can only have one main residence at a time, and […]
READ MORE
Update On The Proposed Changes To The Tax On Super Balances Over $3million
by Luke Quinnell There has been a significant announcement today (13th October 2025) from the government regarding the proposed superannuation tax reforms on balances over $3million. The two most controversial aspects, being the taxing of unrealised gains and no indexation of the $3million threshold will both be removed. The original intent remains (i.e. to tax super […]
READ MORE
SMSF Property Valuations: Why Obtaining An Accurate Market Value Is A Yearly Requirement
by Luke Quinnell Self-Managed Superannuation Funds (SMSFs) are subject to strict compliance obligations. For trustees who hold property within their SMSF, one of the most important—and often misunderstood—responsibilities is ensuring the property is reported at its market value every financial year. While many in the industry still refer to an outdated “three-year valuation rule,” property […]
READ MORE
Contact Us
Newcastle: Level 1, 56 Hudson Street Hamilton NSW 2303
Singleton: 3/6 Castlereagh Street Singleton NSW 2330
East Gosford: Suite A & B, 78 York Street East Gosford NSW 2250
Postal: PO Box 1050 Hamilton NSW 2303
Newcastle Office (02) 4969 6600
Singleton Office (02) 5542 8165
East Gosford Office (02) 4092 4111
info@lambourne.com.au