Exant Advisory

Last week, Partner Clive Todd represented Exant at the CFMG Capital event in Toowoomba, sharing insights on the latest changes affecting individuals with Self-Managed Super Funds (SMSFs).

Following the presentation, Clive answered audience questions and unpacked what these changes could mean in practice for trustees and investors.

Thanks to CFMG Capital for having us.

The Australian Government has increased the price of their penalty units by 10% from 1 July 2026, so it’s more important than ever to lodge your tax return on time.

Read about the price changes including those relating Medium and Large Withholders and Global companies: https://exantadvisory.com/cost-of-not-complying-with-the-australian-government-has-increased/

Parliament has now passed legislation that will prohibit future limited recourse borrowing arrangements (LRBAs) for residential property by self-managed superannuation funds (SMSFs).

Read our latest article to understand how these changes affect your fund and whether your current strategy remains appropriate: https://exantadvisory.com/ban-on-new-smsf-borrowing-for-residential-property-now-law/

Contrary to the ATO’s long held views, the High Court of Australia has held in ‘Bendel’ that Unpaid Present Entitlements to trust income in favour of a company do not (automatically) trigger Division 7A.

Read our thoughts on what this means for trusts following the decision including actions trustees need to take before 30 June 2026: https://exantadvisory.com/bendels-david-beats-the-ato-goliath-in-high-court-ruling/

📢 Breaking news - National Minimum Wage and Modern Award rates increase announced 📢

At 10:00 am this morning the Fair Work Commission (FWC) released its 2026 National Wage Case decision announcing the minimum rates of pay to apply from the first full pay period on or after 1 July 2026:

◆︎ All Modern Award minimum rates will increase by 4.75%, provided that:
- the lowest rate in any Modern Award (other than where there is a entry level rate) must be at least $1,004.90 or $26.44 per hour; and
- any entry-level rate that is applicable to no more than the first six months of employment must be at least $978.10 per week or $25.74 per hour.
◆︎ The National Minimum Wage, will be increased to $1,004.90 per week, or $26.44 per hour.

We recommend that all employers who have an Enterprise Agreement undertake an assessment to determine if they remain compliant with the requirement in section 206 of the Fair Work Act, 2009 to maintain base rates at least equal to the applicable Modern Award.

If you would like to know more about the latest national wage increases or the implications for your business, please contact your usual Exant adviser or call 07 3218 3900 to speak with our HR Consulting team.

#2026

The Federal Government has released exposure draft legislation for its proposed $1,000 instant tax deduction, delivering on a 2025 election commitment.

Read our latest article to learn what exactly is being proposed, the inclusions and exclusions, and when the changes will apply if the draft law is passed: https://exantadvisory.com/important-proposed-tax-changes-for-the-2026-27-financial-year/

What a fantastic morning at our Federal Budget Breakfast hearing expert insights from Tax Partner Jamie Towers, Superannuation Partner Clive Todd and their team. It was great to see so many of our clients and broader network come together to unpack this year’s announcements - a clear sign that these proposed measures are top of mind for many.

Our presentation covered the key tax and superannuation updates, including the much talked about proposed changes to capital gains tax, negative gearing and trust distributions, to name a few.

Thank you to everyone who joined us. We're looking forward to continuing the discussion and helping our clients navigate the opportunities and challenges ahead.

Our key budget insights can be found here: https://exantadvisory.com/release/2026-27-federal-budget-update/

If you need assistance with managing your tax or superannuation affairs, our experts can help. Contact us to speak to an Exant Adviser.

The Australian Government’s 2026–27 Federal Budget claims to deliver resilience and reform, with major moves on tax, productivity and cost of living pressures.

Our Federal Budget Tax and Superannuation Brief breaks down the proposed tax and superannuation measures and what it means for workers, businesses and future generations.

Read the full summary here: https://exantadvisory.com/release/2026-27-federal-budget-update/