by Financially Sorted | Jan 29, 2026 | Government Legislation, SMSF, Superannuation
When the Government reworked Division 296 in late 2025, many of the most concerning features of the original proposal were softened. Unrealised gains were removed, thresholds were tiered, and the start date was pushed back to 1 July 2026. At the time, it appeared...
by Financially Sorted | Jan 11, 2026 | Business, Single Touch Payroll, Small Business, Superannuation
The ATO has revealed that almost $1.1 billion in unpaid super has been returned to nearly one million Australians across the 2024-25 financial year. In the same financial year, $209 million were raised in penalties. Paying correct super entitlements on time is no...
by Financially Sorted | Jan 11, 2026 | SMSF, Superannuation
If your super balance is comfortably below $3 million, you can probably relax — the proposed changes to the super rules shouldn’t adversely affect you (yet). But if your super is nudging that level, or if you’re clearly over, the Treasurer’s latest announcement could...
by Financially Sorted | Oct 30, 2025 | ATO, Business, Superannuation
The Payday Super legislation has finally been introduced to Federal Parliament after years of discussion. Designed to put a stop to wage theft in the form of unpaid super, Payday Super will require employers to pay their employees’ superannuation at the same...
by Financially Sorted | Oct 29, 2025 | SMSF, Superannuation
The Federal Government has announced welcome adjustments to the proposed new legislation (Division 296) which seeks to tax earnings on superannuation balances above $3 million. Key changes include: a move to a “realised earnings” approach, meaning that the tax will...
by Financially Sorted | Aug 29, 2025 | Superannuation
For many Australians, turning 50 is a milestone that brings retirement planning into sharper focus. With just over 15 years until the age pension age of 67, your superannuation balance starts to play a bigger role in shaping your financial future. Many people start to...
