Hagar Lipa

The Federal Treasurer, Dr Jim Chalmers, handed down the 2026–27 Federal Budget at 7:30 pm (AEST) on 12 May 2026. The government is proposing a tax reform package with three parts: • a "fairer" tax system for workers, first home buyers and future generations • a "better" tax system for businesses by encouraging investment and innovation, and • a "simpler and more sustainable" tax system. Summary details of the key income tax, business and superannuation measures are set out below. Income...

1. Personal Income Tax - Five Rounds of Tax Cuts Income Tax Rate Reductions The 16% tax rate on income between $18,201 and $45,000 drops to 15% from 1 July 2026, then to 14% from 1 July 2027. Every taxpayer receives up to $268 in year one, rising to $536 per year from 2027. Working Australians Tax Offset (WATO) A new permanent $250 annual tax offset from 2027–28 will benefit over 13 million Australian workers, 97% of recipients receive the full amount. This effectively raises the tax-free...

Key Announcements on Payday Superannuation Starting 1 July 2026, employers must pay superannuation at the same time as wages. This change is significant and requires immediate attention. Here’s what you should do now: Review your payroll system. Update internal processes and controls. Plan your cash flow around more frequent super payments. Our team at Lynden Group can help you assess your current setup, identify gaps, and implement practical solutions to stay compliant and manage cash flow...