NEWS

One of the positive changes from the new payday super laws is that late super will now be deductible post 1 July 2026 whether that late contribution is two days late or three months late, a superannuation specialist said. Jason Hurst, technical superannuation adviser for Accurium, said as well as late contributions being deductible, the new laws also mean that the administration penalty and interest that relates to that late contribution are also deductible. “Where a determin

The importance of “opting in” to insurance cover in a superannuation fund was highlighted in a recent decision in the Queensland Supreme Court, a legal specialist said. Terence Wong, director of T Legal, said the plaintiff in Byrnes-Reeves v QSuper [2025] QSC 285 maintained consistently that his TPD from a spinal injury was brought about by an injury sustained at his first job at a boating business. In his submissions to the court the plaintiff said he did not blame Qsuper fo

Asset protection is key in a unit trust and many developers establish unit trusts due this reason, a legal expert said. Daniel Butler, director of DBA Lawyers, said in a recent online update that developers will often set up a special purpose unit trust, complete the development, then wind it up. “This is done typically for asset protection. However, one practical risk is that the assets of the unit in which the SMSF has invested are subject to a mortgage or charge,” Butler s