Payday Super – Legislation introduced for concessional cap transitional rule
New Payday Super legislation addresses concessional contributions cap issues for 2026/27, but salary sacrifice and early payments remain key concerns.
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The ATO’s assurance reviews operate as part of the ATO Tax Avoidance Taskforce which operate across both the Private Wealth market segment and the Public Groups and Multinational Groups market segments.
While the assurance reviews may have difference areas of focus depending on the market segment, one area which is consistent is the growing focus on strong tax governance.
The Federal Government has provided substantial and sustained funding for the programs since 2016, enabling the ATO to have the resources and support to continue the development of these programs. Over the years, the Assurance Programs have influenced the way organisations design and document their tax matters to meet the ATO’s expectations for good governance and compliance.
Understanding how the ATO approaches assurance programs, and what constitutes effective tax governance, is more important than ever. Grant Thornton is proud to host a timely and practical webinar with special guests Glenn Cooper (AC Private Wealth) and Megan Croaker (AC PGI) from the ATO. This session will unpack the ATOs expectations on tax governance and how it differs between market segments.
Attendees will gain clarity on:
This webinar is ideal for family offices, wealth family groups, business owners, CFOs, tax managers, and governance professionals looking to stay ahead of the curve and align with ATO best practices.
Register today and get equipped with the insight your organisation needs to demonstrate sound governance and assurance readiness.
Partner & Head of Tax - Melbourne
Partner – Tax
Director – Corporate Tax
Assistant Commissioner in Public Groups
Assistant Commissioner, Private Wealth
New Payday Super legislation addresses concessional contributions cap issues for 2026/27, but salary sacrifice and early payments remain key concerns.
The Government has introduced legislation for a minimum 30% tax on discretionary trusts from 1 July 2028. While some stakeholder feedback has been adopted, significant concerns remain around flexibility, complexity and the impact on private groups and SMEs.
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