FirstTech Podcast

Craig Day and Tim Sanderson discuss an interesting and complex adviser question 'My client has a defined benefit pension - how do I know if they will be subject to Division 296 tax?'

During the May Federal Budget, the Government announced that existing properties held as at 12 May 2026 will be exempt from the negative gearing changes commencing on 1 July 2027. This has promoted increased adviser queries on whether clients can boost interest deductions by increasing property debt.In this podcast, Craig Day and Linda Bruce address key frequently asked questions from advisers about the tax implications of borrowing additional amounts against an existing property.

Craig Day, Tim Sanderson, Linda Bruce and Sina Heng discuss the latest technical news:Federal Budget tax reform bills have passed - discussion on significant developments including bans on SMSF LRBA for residential property and changes to small business concessionsRelease of Division 296 regulations which contain important technical detail1 July 2026 changes - new rates and thresholds and Payday Super

Tim Sanderson, Alex Denham and Richard Chen discuss an adviser question regarding unused carry forward concessional contribution amounts displaying on myGov and situations where amounts may not be displaying correctly.

Craig Day and Tim Sanderson answer many of the questions we have received from advisers regarding the proposed CGT, negative gearing and discretionary trust tax changes.The answers are based on both the Federal Budget papers as well as newly introduced legislation which includes the proposed amendments to implement the CGT and negative gearing changes.

Craig Day, Tim Sanderson and Kim Guest discuss the latest technical news.Federal Budget - draft legislation released on CGT and negative gearing changesNew legislation allowing victims of child abuse to access offenders superRecent announcement regarding the Support at Home programReminder about Payday Super commencing 1 July

Craig Day and Kim Guest discuss this month's question of the month, which discusses how the Centrelink granny flat rules apply when a client wants to create multiple granny flat arrangements.

Clients who are considering retiring often have outstanding accrued periods of annual leave and/or long service leave.In many cases, clients have a choice between receiving outstanding leave as a lump sum upon terminating employment and taking any accrued leave prior to terminating employment.Craig Day and Richard Chen compare the superannuation, tax and social security differences between these two options.