Client Alert – May 2026
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 27 April 2026.
- Will the proposed $1,000 instant tax deduction benefit you? – The Federal Government has released draft legislation for a new standard tax deduction that would allow claiming work-related expenses at tax time without receipts..
- ASIC launches new range of tools and resources for retirement planning – ASIC commissioned research that surveyed 2,065 Australians to understand retirement planning and readiness gaps, and has developed new resources in response to the results.
- Young adult workers win equal pay rights – The Fair Work Commission has delivered a landmark decision that will significantly impact junior wage rates across three major industries, with changes set to begin in December 2026.
- Payday super changeover requires careful cash flow planning – The transition to payday super is just months away, and employers need to prepare for a complex changeover period that could significantly impact cash flow during July 2026.
Explanatory Memorandum_May 2026
Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.