In the 2026 Federal Budget, the Government announced a minimum 30% tax on discretionary trusts as part of the most sweeping tax reforms in more than two decades.

Since the announcement, consultation has led to tweaks and changes to address concerns about the practical application of this new minimum tax – expected to be introduced from 01 July 2028.

It seems the Government has listened to criticism of the controversial features of their original proposal and now updated exposure draft legislation is doing the rounds.

Read the latest on where this proposed tax reform is at in our 'Proposed tax on Trusts: the latest' blog article.

Keeping our finger on the Australian and global financial pulse is what we do at The Peak Partnership.

Find out more about what your money is or could be up to with our latest quarterly Wealth Market Update for April – June 2026.

TICK-TOCK. June 30 is fast approaching and that means astute business operators and taxpayers will be thinking about EOFY tax and cash flow planning.

Find out more and book an EOFY planning session with one of our advisers.

The 2026-2027 Australian Federal Budget was handed down on Tuesday 12 May 2026, the fifth by Treasurer Jim Chalmers.

Branded the "Intergenerational Equity" Budget, it was also a controversial one – with the most significant proposed tax reforms in the past 25 years and ‘substantial’ savings measures. The Middle East conflict was also a driving force behind some of the Budget announcements – adding to the current inflation and cost-of-living pressures.

On Budget night, the Treasurer said it was an ambitious Budget – time will tell if ambition becomes reality as all sides of politics begin the debate.

Click below for our take on the 2026-2027 Budget, where you can watch our Budget Review video, grab a free copy of our 2026-2027 Budget Report and download our Tax Reform Timeline fact sheet.

Payday Super comes into effect from 01 July 2026, and it's a significant change to employer obligations when it comes to paying employee superannuation guarantee contributions.

Most importantly, Payday Super is a legal mandatory for all businesses that pay salaries and wages. It means employees' super needs to be paid at the same time as payday – whether that's weekly, fortnightly, monthly or any other frequency.

We'll help you unpack all the changes that Payday Super will bring for your business.

With the 2025-2026 FBT year ending on 31 March, we say happy 40^th birthday to Fringe Benefits Tax – and we look at some of the key FBT issues for employers and employees.

This year, the ATO says it will focus on utes and workhorse-style vehicles – and there's a reminder that the FBT exemption for plug-in hybrid electric vehicles (PHEVs) ended at the start of the current FBT year (01 April 2025).

Find out more about the FBT impact for your business with our Frequently Asked Questions.