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 classification of ‘employee or contractor’ has taken an interesting turn in a number of recent court decisions, where the details of employment contracts are being given a lot more importance than they have in the past. As a result, this is impacting whether individuals and businesses should be subject to PAYG, superannuation, FBT and payroll tax.
Hear from our experts, who will take you through the ‘ins and outs’, and provide some practical tips for handling this decision process going forward.
Partner
Manager, Specialist Tax
New Payday Super legislation addresses concessional contributions cap issues for 2026/27, but salary sacrifice and early payments remain key concerns.
Draft legislation proposes the removal of the FBT exemption for electric vehicles, replacing it with a 25 per cent concession from 1 April 2027 or 1 April 2029 depending on vehicle value. Employers should assess the impact on salary packaging arrangements and existing EV commitments.
The ATO's draft determination SGD 2026/D1 clarifies how businesses should calculate superannuation guarantee obligations for contractors. Learn the compliance implications ahead of Payday Super.