Scope: Australia
Proposed
Draft Law Companion Ruling LCR 2026/D3: Payday Super reforms – calculation and assessment of the superannuation guarantee charge
LCR 2026/D3 provides the ATO’s draft views on how the new SG (superannuation guarantee) calculation and assessment will work under the Payday Super reforms starting **1 July 2026**, including what counts as qualifying earnings, calculation of shortfalls, and employer obligations. Employers relying on this draft in good faith may receive favourable treatment if assessed by the Commissioner. Transitional rules also included.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Draft Law Companion Ruling LCR 2026/D3 Payday Super: calculation and assessment of the superannuation guarantee charge
This draft ruling provides detailed guidance on how the ATO will calculate and assess the Superannuation Guarantee Charge under the new Payday Super reforms. It explains the meaning of qualifying earnings, the role of qualifying earnings days (QE days), how shortfalls are calculated, and the components such as notional earnings and administrative uplift. Employers relying on the draft ruling in good faith may receive favourable treatment in penalty assessments. Effective from 1 July 2026, with public comments invited by 1 May 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Draft Law Companion Ruling LCR 2026/D3 — Payday Super: calculation and assessment of the superannuation guarantee charge
This draft ruling provides guidance on how the Superannuation Guarantee (SG) charge will be calculated and assessed under the **Payday Super reforms**, including how ‘qualifying earnings’ are determined, what constitutes an on-time vs late contribution, administrative uplift penalties, and other details. It applies to eligible earnings paid on or after 1 July 2026. Employers will need to ensure that super contributions are paid on payday and received by the fund within 7 business days, to avoid a SG shortfall. The draft ruling is open for consultation.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Payday Super: qualifying earnings draft law companion ruling (LCR 2026/D1)
Draft LCR 2026/D1 sets out what counts as qualifying earnings (QE) under the Payday Super reforms, including ordinary time earnings, salary sacrificed amounts, and other payments that are included in determining the base for super guarantee obligations. Feedback is due by 1 May 2026. The correct determination of QE is crucial as it affects employer liability and super contributions.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Tax Filing Highlights for First Nations, Inuit, and Métis Peoples 2026
Starting July 2026, revised benefit amounts for child benefit, Canada Groceries & Essentials Benefit and Northern residents deductions, plus simplified travel deduction, increased support to ensure Indigenous Peoples receive the credits and benefits to which they're entitled.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Personal income tax ‒ new tax cuts for every Australian taxpayer
Legislation (Treasury Laws Amendment (More Cost of Living Relief) Act 2025) has enacted new marginal tax rate cuts: from 1 July 2026 the 16 % rate (for residents) for taxable income between approx. AU$18,200 to AU$45,000 will drop to **15 %**, and further to **14 %** from 1 July 2027. These changes aim to ease cost-of-living pressures and reduce bracket creep.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Division 296 tax on earnings above large super balance thresholds
Legislation now in force from 1 July 2026 imposes additional tax (‘Division 296 tax’) on superannuation earnings for individuals with total superannuation balances exceeding AUD 3 million (15%) and those exceeding AUD 10 million (additional 10%). Individuals will be assessed and receive a notice of assessment, with liability due 84 days after assessment. Reporting requirements added to SMSF Annual Return starting 2025-26 year via new labels.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Small Business Superannuation Clearing House (SBSCH) will be closed permanently from 1 July 2026
The SBSCH service will be decommissioned from 1 July 2026 under the Payday Super reform, requiring eligible small employers to transition to alternative payment methods, download existing records, and adopt SuperStream/NPP-compliant payment systems.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Super reforms pass Parliament: Division 296 and LISTO changes finalised
The *Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026* was passed (Royal Assent 13 March 2026). Major superannuation reforms take effect from 1 July 2026, including:
- Division 296: Additional tax on super earnings for individuals with Total Superannuation Balance (TSB) over $3 million (15%) and over $10 million (extra 10%) – effective for 2026-27 year; liability assessed with respect to TSB on 30 June 2027.
- Expanded Low-Income Superannuation Tax Offset (LISTO) changes.
These changes have high impact for high-net-worth individuals, retirement planning, and super fund reporting.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super legislation to start 1 July 2026
Legislation (*Treasury Laws Amendment (Payday Superannuation) Act 2025* and *Superannuation Guarantee Charge Amendment Act 2025*) received Royal Assent, implementing new rules that from **1 July 2026** require employers to pay Super Guarantee on payday with contributions received by funds within 7 business days of payday. The Small Business Superannuation Clearing House (SBSCH) is being permanently closed from that date. These changes raise compliance obligations and risk for employers and payroll systems.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Mandatory beneficiary TFN reporting for closely held trusts (MTAS Phase 2)
Under MTAS Phase 2, trustees of closely held trusts must include beneficiary TFNs in trust returns from 1 July 2026. New labels (closely held trust indicator, "no TFN provided") and mandatory registration for PAYG withholding if beneficiaries do not quote TFNs. Annual withholding reports required. A major shift in trust compliance. ([softwaredevelopers.ato.gov.au](https://softwaredevelopers.ato.gov.au/MTAS220260121?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Electricity Generator Levy: rate increase from 1 July 2026
The government has announced that the rate of the Electricity Generator Levy (EGL) will increase from **45 % to 55 %** for receipts from electricity generation attributable on or after 1 July 2026. Companies with accounting periods straddling this date must apportion receipts accordingly. The levy will also be extended beyond its previously expected end date of April 2028. Implications include higher tax liabilities for renewable, nuclear, biomass and waste-to-energy generators generating exceptional receipts above the benchmark.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Payday Superannuation reform requiring same-day super payments by employers
The proposed Payday Superannuation reform mandates that from 1 July 2026, employers must pay superannuation contributions on the same day they pay salary and wages. The Small Business Superannuation Clearing House will close for new entities, with existing users phased out by 30 June 2026. The measure is proposed but not yet law.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Mandatory beneficiary TFN reporting for closely held trusts under MTAS Phase 2
Starting 1 July 2026, proposed law reform under ATO’s MTAS Phase 2 will require closely held trusts to report beneficiary Tax File Numbers embedded within trust return lodgment. New labels will include a closely held trust indicator and a ‘No TFN Provided’ option in the Statement of Distribution. These measures aim to increase accuracy, transparency and compliance in trust taxation.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Division 296 tax as enacted under the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026
This new law introduces an additional tax on superannuation earnings for individuals whose total superannuation balance exceeds AU$3 million. From 1 July 2026, earnings attributable to the balance above AU$3 million are taxed at an extra 15%, and those above AU$10 million receive an extra 25%. The measure only applies to *realised earnings*, thresholds are indexed to CPI, and elections (such as cost-base resets for CGT assets) must be made before the end of the 2026-27 SMSF Annual Return period. First assessments are expected after 30 June 2027.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super reform – Employers must pay super with each pay
Under new legislation, from 1 July 2026, employers in Australia will be required to pay super guarantee contributions at the same time they pay salary and wages, as part of the broader Superannuation reforms labelled “Payday Super”. This also includes enhancements to SuperStream standards and Fund Validation Services to support same-day payments, faster processing, USI tracking, and error messaging.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Small Business Superannuation Clearing House closure
As part of Payday Super reform, Australia’s SBSCH will close permanently from 1 July 2026. The service stopped accepting new registrations from 1 October 2025. Existing users must transition to alternative payment methods and download past records before closure.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super (employer superannuation contributions paid with salary from payday)
From 1 July 2026, under the ‘Payday Super’ reform, employers will be legally required to pay their employees’ super guarantee at the same time as salary and wages. Super must be calculated on new term ‘Qualifying Earnings’ at 12%, received by super funds within 7 business days (unless special provisions apply). The Small Business Superannuation Clearing House (SBSCH) will permanently close from 1 July 2026 and employers must adopt alternative payment systems instead.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Instant work-related expense deduction (proposed)
Introduces a $1,000 instant deduction for work-related expenses, avoiding the need for receipts under certain thresholds, aimed at simplifying deductions for employees. Proposed to apply from 2026-27 but not yet law.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Payday Superannuation
From 1 July 2026, employers will be legally required to pay the superannuation guarantee contributions **at the same time** as they pay salary or wages, under the Payday Super reforms. This changes timing obligations for employers and affects payroll processes, cash flow, and potential exposure to super guarantee penalties if not complied with.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source