Andrew J Pope & Associates

Andrew J Pope & Associates Accounting and taxation services

08/05/2026

The Government will scale back the fringe benefits tax (FBT) exemption for electric vehicles, transitioning to a permanent 25 per cent FBT discount. The changes, will be rolled out in three phases:
• Until 31 March 2027: The existing full FBT exemption continues unchanged.
• 1 April 2027 to 1 April 2029: The full exemption applies only to EVs costing $75,000 or less. EVs priced above $75,000 but under the luxury car tax threshold will receive a 25 per cent discount on payable FBT.
• From 1 April 2029: All EVs below the luxury car tax threshold will receive a 25 per cent discount on payable FBT

The announcement follows a review of the Electric Car Discount, which recommended changes as costs rise. The review noted that for an EV valued around $50,000, an individual on salary sacrifice currently saves $3,200–$4,700 per year depending on their marginal tax rate, equating to $12,800–$18,800 over a typical four-year lease.

03/05/2026

Individuals can carry forward unused superannuation concessional cap amounts on a rolling five-year basis and so the 2020-21 unused amount is now in its final year of availability. Those with an unused concessional contribution cap amount from the 2020-21 financial year have until 30 June 2026 to use it before it expires.

To make catch-up concessional contributions in 2025-26 using carried-forward amounts, the person must have a total superannuation balance of less than $500k as at 30 June 2025, and have unused concessional cap amounts from any of the previous five financial years.

Any unused 2020-21 amount not used by 30 June 2026 will be lost.

17/04/2026

The ATO has released guidance to help employers prepare for the transition to Payday Super from 1 July 2026, highlighting the need to update payroll systems, check employee data and ensure processes can meet tighter timeframes. Under the new rules, super guarantee (SG) contributions must be paid on payday and received by funds within seven business days. Reporting will be aligned through Single Touch Payroll and based on a new “qualifying earnings” measure. The ATO also notes the closure of the Small Business Superannuation Clearing House from 1 July 2026.

Importantly, for the quarter ending 30 June 2026, employers must ensure SG contributions are paid by 28 July 2026 (or earlier). If this deadline is missed, an SG charge (SGC) statement must be lodged and paid, with no late payment offset available for this final quarter. Any contributions received on or after 29 July 2026 will be treated under the new Payday Super rules, even if intended for the June quarter.

From 1 July 2026, all pay runs will fall under the Payday Super regime, with SG calculated on qualifying earnings paid from that date, regardless of when the work was performed.

15/12/2025

The Australian Competition & Consumer Commission have provided guidance on the rules applying to those issuing gift cards:

The business must clearly state:
• all conditions and restrictions on use of the card, including whether there are any limitations on the number of transactions
• the expiry date, which must be prominently displayed (with some exceptions)
• the activation expiry date for cards that need to be activated
• whether the card can be reloaded or topped up.

Recipients should not be required to pay any additional fees or charges on gift cards, whether for activation, account keeping, balance inquiries or inactivity fees.

Cards must have a minimum three-year expiry period unless an exception applies.

Spiderdog - looking forward to Halloween ...
31/10/2025

Spiderdog - looking forward to Halloween ...

14/10/2025

The Federal Treasurer yesterday announced changes to the "Better Targeted Superannuation Concessions" policy, that revises the earlier proposals to impose higher taxes on those with super fund balances over $3 million.

In particular, the changes include:

- a delay to the start date to 30 June 2026;
- the total concessional tax rate applied to earnings being increased from its existing level of 15% to 30% on earnings on balances between $3 million and $10 million and 40% on earnings on balances above $10 million;
- removal of the taxation of unrealised capital gains; and
- measures to ensure defined benefit pensions receive similar taxation treatment to other types of superannuation pensions.

There was also an announcement about the increasing of the low-income superannuation tax offset from $500 to $810, and of its eligibility threshold from $37,0000 to $45,000.

G'bye D"bai
25/09/2025

G'bye D"bai

More new buildings, some too far away
24/09/2025

More new buildings, some too far away

Dubai is most populous city in the United Arab Emirates and the capital of the Emirate of Dubai. The city population is ...
23/09/2025

Dubai is most populous city in the United Arab Emirates and the capital of the Emirate of Dubai. The city population is around four million, 92% of whom are expats.

Founded in the early eighteenth century as a pearling and fishing settlement, rapid construction since the 1990s has produced one of the world's densest skylines, including the world's tallest building, the Burj Khalifa.

Dubai's economy centres on trade, tourism, aviation, financial services, and real estate. Only 1% of GDP is now from oil.

No old buildings here !

The British Museum, established in 1753, is a permanent collection of eight million works spread over 75000 square metre...
22/09/2025

The British Museum, established in 1753, is a permanent collection of eight million works spread over 75000 square metres having six million visitors a year.

Beginning largely as a collection of the Anglo-Irish physician and scientist Sir Hans Sloane, its expansion over the years was largely a result of British colonisation, accumulating items such as the Greek Elgin Marbles and the Egyptian Rosetta Stone that are subject to long-term disputes and repatriation claims.

Plenty more old rocks !

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