From 1st July 2026, Payday Super applies. Employers will need to pay super to an employee’s nominated superfund each payday and funds must reach the fund within 7 business days after the payday.

Businesses can no longer claim a deduction for general interest charge (“GIC”) or shortfall interest charge (“SIC”) incurred from the 2025/2026 income year.

The Luxury Car Tax (LCT) threshold for the 2027 income year is $91,661 for fuel efficient vehicles, and $80,809 for all other luxury cars.

 

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