May Newsletter 2026

01 May May Newsletter 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.

Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.

Yours sincerely, the Team at Rittwatchman & Associates