CIB Accountants & Advisers

13/05/2026

Federal Budget 2026/27 Summary Reports -

Treasurer Jim Chalmers has handed down his fifth Federal Budget, continuing the Government’s focus on tax reform, cost of living relief and housing affordability.

This year’s Budget introduces a mix of immediate support and longer-term structural changes that will impact individuals, investors and business owners.

Treasurer Jim Chalmers has handed down his fifth Federal Budget, continuing the Government’s focus on tax reform, cost of living relief and housing affordability. This year’s Budget introduces a mix of immediate support and longer-term structural changes that will impact individuals, investors a...

05/05/2026

The Reserve Bank of Australia (RBA) has raised the official cash rate (OCR) 25 basis points to 4.35%, citing stronger-than-expected inflationary pressures as the primary driver.

The decision was made by majority vote.

The widely expected move marks the third time the nation’s central bank has raised rates in 2026 thanks to ongoing inflationary pressures and the conflict in the Middle East, which has raised oil prices globally.

The Reserve Bank of Australia (RBA) has raised the official cash rate (OCR) 25 basis points to 4.35%, citing stronger-than-expected inflationary pressures as the primary driver.ary pressures as the primary driver.

22/04/2026

Webinar Reminder - Tomorrow Thursday 23 April - 1pm AEST

Payday Super 2026: What Every Employer Must Get Right Before 1 July

Register at https://bit.ly/3NRBAeb

Presented by DFK Australia New Zealand Limited (DFKANZ)

From 1 July 2026, Payday Super will fundamentally change how and when employers pay super, shifting from quarterly contributions to payments aligned with every pay cycle.

In this practical, expert-led webinar, our panel including CIBs Adam Ladkins CA, will break down exactly what businesses, finance teams and advisers need to know now to prepare for the transition.

What we’ll cover
· Payroll & technical implications
· Financial & business impacts
· HR & employment law considerations
· Critical issues for all employers

This webinar will benefit -
Business owners, CFOs, payroll managers, HR leaders and advisers who want to confidently navigate Payday Super and avoid costly surprises before July 2026.

Register at https://bit.ly/3NRBAeb

Australia’s superannuation system is undergoing one of its most significant transformations in decades. From 1 July 2026, Payday Super will fundamentally change how and when employers pay super — shifting from quarterly contributions to payments aligned with every pay cycle. This reform, driven ...

31/03/2026

Our annual CIB Staff Conference is an opportunity to celebrate our successes and recognise the amazing people that help make it all possible.

We engage in knowledge sharing, a Client Q&A and insights from expert business partners and more.

We share annual results and future goals, officially welcomed fantastic new talent, recognised standout team and individual achievements.

We celebrate our DFK Australia New Zealand Limited (DFKANZ) DFK International DFK International - Asia Pacific (APAC) connection and all the incredible learning, networking and presenting opportunities our Senior-Junior staff engaged in throughout the year.

A very special highlight of this years event was during our Milestone Celebrations – we had the honour of celebrating a pillar of our firm Adam Ladkins CA with 25 years of dedication and unparalleled expertise and whose contributions to our 40+ years of success are too great to be measured in simple terms.

Other honourees include Krystina Wildman and Kathy Drummond both celebrating a phenomenal 15 years at CIB – a formidable team and the backbone of CIB.

And last but definitely not least, we celebrated amazing five year anniversaries for Anthony R., and a tremendous 10 years for Samantha Shorten and Michelle Agnew!

As we continue to celebrate 40+ years of CIB, it’s the dedication and commitment of our people that have us excited for the next 40 and beyond.

Thank you to all our people for their contributions in making 2025 another stellar year at CIB!

24/03/2026

Division 296: Now Enacted -
A detailed overview for SMSF Trustees and Superannuation Members

The passage of Division 296 through Parliament marks an important development in the taxation of larger superannuation balances in Australia. From 1 July 2026, an additional tax will apply to a portion of superannuation earnings where an individual’s total superannuation balance exceeds $3 million...

04/11/2025

Australia’s official cash rate remains steady at 3.60%.

The nation’s central bank met Monday and Tuesday this week to discuss monetary policy. The board cited rising inflation as the key driver for its decision.

In a widely expected move the Reserve Bank of Australia (RBA) has held interest rates. Australia's official cash rate remains steady at 3.60%. The nation's central bank met Monday and Tuesday this week to discuss monetary policy. The board cited rising inflation as the key driver for its decision.

13/10/2025

Division 296 Update: A more balanced approach confirmed

The Federal Government has announced major changes to the proposed Division 296 superannuation tax, removing the tax on unrealised gains, introducing a tiered rate structure, and delaying the start date to 1 July 2026.

CIB welcomes this as a sensible and fairer outcome that better reflects industry feedback. Our Super Team will review the details once draft legislation is released and provide further guidance for clients with larger balances.

The Federal Government has confirmed key changes to the proposed Division 296 superannuation tax, removing unrealised gains, adding a tiered rate structure, and delaying the start date to 1 July 2026. Read CIB’s summary and view on what it means for SMSF members.

23/09/2025

The Federal Government has announced its intention to introduce new rules that will fundamentally change how employers manage superannuation payments.

From 1 July 2026, under the proposed “payday super” system, super guarantee (SG) contributions will need to be paid at the same time as salary or wages.

The measure is designed to ensure employees see their super more frequently and to reduce the long-standing issue of late or unpaid contributions.

While the legislation is still being finalised, businesses should start preparing now, as the shift will have wide-ranging effects on payroll, compliance, and cash flow.

Here's how to become Payday Super ready -

The Federal Government has announced its intention to introduce new rules that will fundamentally change how employers manage superannuation. From 1 July 2026, under the proposed “payday super” system, super guarantee (SG) contributions will need to be paid at the same time as salary or wages.

09/09/2025

Division 296 Superannuation Tax: Government Hits Pause on Key Elements

The Albanese Government has paused its controversial Division 296 superannuation tax proposal, a measure that would have imposed an extra 15% tax on earnings of super balances above $3 million, as it reconsiders how best to reshape the reform.

The decision follows weeks of internal discussions and growing political and industry criticism. Reports indicate the Prime Minister’s office has stepped in, reflecting concerns about fairness and the broader message the measure sends about aspiration.

Find out more..

The Albanese Government has paused its controversial Division 296 superannuation tax proposal, a measure that would have imposed an extra 15% tax on earnings of super balances above $3 million, as it reconsiders how best to reshape the reform.

28/08/2025

Division 296 – What You Need to Know

While the Government’s proposed “$3 million super tax” (Division 296) was due to start from 1 July 2025, the legislation has still not passed Parliament. This means there’s no action required just yet — but it remains one of the most significant potential changes to superannuation in recent years.

Division 296 would apply an extra 15% tax on super earnings linked to balances over $3 million, including unrealised gains. The design has raised concerns across the industry, particularly for those with illiquid assets or nearing retirement. If legislated, the first assessments wouldn’t be issued until late 2026, covering the 2025–26 year.

At CIB, we’re closely monitoring developments and modelling scenarios for affected clients. Our priority is ensuring you’re informed, prepared, and ready to make confident decisions once the rules are finalised.

Full breakdown and insights - https://bit.ly/47dkQFq

We’ll continue to provide updates as the legislation progresses.

While we are still waiting on the Division 296 legislation to pass through Parliament, the debate about the proposed “$3 million super tax” continues to intensify. With a proposed start date of 1 July 2025, many clients are asking what it means for them and whether they should take action now. A...