CIB Accountants & Advisers

An SMSF can give you greater control over your retirement savings, but that control also comes with responsibility.

Many SMSF mistakes are not deliberate. They happen because a contribution is made without checking the limits, a property contract is signed before the right structure is in place, or advice is sought after a transaction has already taken place.

The challenge is that some SMSF mistakes can be difficult, costly or even impossible to unwind.

In our latest article, we look at five common SMSF mistakes we see and, importantly, what trustees can do to avoid them.

From contributions and property purchases to related-party transactions, valuations and the importance of getting advice before you act, a little planning can go a long way.

If you are considering a significant transaction involving your SMSF, speak with your adviser before proceeding.

CIBs Superannuation Services Director Deepak Sachdev highlights five of the most costly mistakes when it comes to SMSF.

https://bit.ly/4gNNYpP

Five SMSF Mistakes That Can Be Costly and How to Avoid Them - CIB Accountants & Advisers An SMSF can provide greater control and flexibility over your retirement savings. But with that control comes responsibility, and getting the details wrong can have significant consequences.

The recent budget announcements regarding changes to the capital gains tax have now passed both Houses of Parliament and are awaiting Royal Assent before becoming law.

In order to get the legislation passed the Federal Government made a deal with the Greens to restrict Self-Managed Superannuation Funds (SMSFs) from acquiring residential property through the use of limited recourse borrowing arrangements (LRBAs).

This marks a fundamental shift in how SMSFs can invest in residential property.

Learn more:

SMSF property borrowing changes now law: what it means for you - CIB Accountants & Advisers The recent budget announcements regarding changes to the capital gains tax have now passed both Houses of Parliament and are awaiting Royal Assent before becoming law. In order to get the legislation passed the Federal Government made a deal with the Greens to restrict Self-Managed Superannuation Fu...

As the financial year wraps up, many businesses are turning their focus to what comes next.

Whether you are planning to invest, expand or simply improve your access to capital, your EOFY position plays a key role in how lenders assess your business.

Here are three areas to focus on now to strengthen your funding options for the year ahead.

EOFY Funding Readiness: How to position your business for lending in the year ahead - CIB Accountants & Advisers As we approach the end of the financial year, many business owners are reviewing performance, finalising accounts and planning for growth in the year ahead. For those considering funding, this is one of the most important windows to strengthen your position with lenders.

The Reserve Bank of Australia (RBA) has held the official cash rate (OCR) at 4.35%. While acknowledging inflation remains elevated, the central bank said it needs more time to assess how recent changes are filtering through the economy before taking further action.

https://bit.ly/4gsYjZE

RBA News Flash: June 2026 - CIB Accountants & Advisers The Reserve Bank of Australia (RBA) has held the official cash rate (OCR) at 4.35%. While acknowledging inflation remains elevated, the central bank said it needs more time to assess how recent changes are filtering through the economy before taking further action.

Changes to the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation come into effect on 1 July 2026 and these changes apply to accountants which may effect the way in which we provide some services to you.

AML/CTF Legislation: How This Effects Our Service To You - CIB Accountants & Advisers Changes to the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation come into effect on 1 July 2026 and these changes apply to accountants which may effect the way in which we provide some services to you.

4.75% Minimum Wage Increase: What does this mean for your business?

The Fair Work Commission has today announced its increase to minimum wages which will become effective from the first full pay period on or after 1 July 2026.

4.75% Minimum Wage Increase: What does this mean for your business? - CIB Accountants & Advisers The Fair Work Commission has today announced its increase to minimum wages which will become effective from the first full pay period on or after 1 July 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.

Federal Budget 2026–27: A reform focused budget, not a surplus budget - CIB Accountants & Advisers 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...

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.

RBA News Flash: May 2026 - CIB Accountants & Advisers 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.

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

Welcome! You are invited to join a meeting: Payday Super 2026: What every employer must get right before 1 July. After registering, you will receive a confirmation email about joining the meeting. 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 ...